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The government has released its growth strategy for the Amrit Kaal, which focuses on six key areas to promote economic progress and sustainability. These areas include increasing private sector investment, prioritizing the growth of Micro, Small, and Medium Enterprises (MSMEs), unlocking the potential of agriculture as a growth driver, securing financing for India's green transition, addressing the education-employment gap, and enhancing the capacity of state institutions. The strategy recognizes the significant role of these areas in driving economic growth and aims to remove policy impediments to facilitate their development. [Extracted from the article]

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Economic expansion in the Arab region slowed in 2016, with the average growth rate of gross domestic product (GDP) at 1.8 per cent. International commodity prices, including for crude oil, remained low, agriculture in the Maghreb was hit by severe drought and geopolitical tensions continued to discourage tourism. Rising interest rates in the United States of America dampened domestic credit growth. The balance-of-payments situation remained tight for non-oil exporting Arab countries, particularly Egypt, the Sudan and Tunisia. War and political violence continued to plague Iraq, Libya, Palestine, the Syrian Arab Republic and Yemen. Global economic recovery in 2017 should improve the region’s prospects, in spite of the political and social fallout of tensions affecting it, such as potential travel restrictions affecting certain Arab countries. Recovering oil prices and an expansion of domestic demand should accelerate the real growth rate to 2.5 per cent. That said, the degree of recovery is unlikely to be enough to fund policies aimed at implementing the Sustainable Development Goals (SDGs). Arab countries need to redouble fiscal consolidation efforts, and should deepen regional cooperation to make optimum use of financial, human and natural resources. [ABSTRACT FROM AUTHOR]

The article reports that the international community is trying to define Sustainable Development Goals (SDGs) which would be adopted in the year 2015. The SDGs include eradication of poverty, economic expansion, employment, gender equality, industrialization, food security, nutrition, biodiversity and ocean conservation.