The Economic Survey 2018-19 has highlighted the need for “Virtuous Economic Cycle” to realise the vision of $ 5 trillion economy. Which among the following are parts of this Virtuous Economic Cycle?

1. Mobilization of higher savings

2. Drastic increase in the government expenditure

3. Increase in exports

Select the correct answer using the code given below:

The Economic Survey 2018-19 has highlighted for the adoption of the Virtuous Economic Cycle, in order to realise the vision of $ 5 trillion economy. Such a Virtuous Economic Cycle is based on the successful growth stories of China, South Korea, and Indonesia etc.

The Virtuous Economic Cycle calls for shifting gears from consumption driven economy to investment driven economy, wherein the private sector investment has to play an instrumental role to promote economic growth and development. It seeks to mobilize savings, enhance private sector investment, boost India’s exports, so as to increase the GDP size.