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AI Drafter

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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        Case ID :

        Contribution of various sectors to GDP

        December 14, 2018

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        The share of various sectors (including manufacturing and services sector) in Gross Value Added (GVA) during last three years is given in the table below.

        Share of sectors in GVA at current prices (per cent)

        Sector

        2015-16 (2nd RE)

        2016-17 (1st RE)

        2017-18 (PE)

        Agriculture, forestry & fishing

        17.7

        17.9

        17.1

        Industry

        29.8

        29.3

        29.1

        (Of which) Manufacturing

        16.8

        16.8

        16.7

        Services

        52.5

        52.8

        53.9

        Source: Central Statistics Office;

        Notes: 2nd RE: Second Revised Estimates, 1st RE: First Revised Estimates, PE: Provisional Estimates.

        In first half (April-September) of 2018-19, share of manufacturing sector in GVA was 16.9 per cent, higher as compared to 16.5 per cent in the first half of 2017-18.

        Promoting the growth of manufacturing sector and hence increasing its contribution to the economy remains one among the utmost priorities of the Government. The Government has put in place a policy framework to create conducive business environment and improved infrastructure network. The Make in India initiative launched by the Government focuses on infrastructure development, simplified processes, job creation, skill development and fostering innovation in the select manufacturing sectors. Startup India initiative was launched to build a strong eco-system for nurturing innovation and startups and to drive economic growth and generate employment opportunities. The Government has also taken up a series of measures to improve ease of doing business, which has borne results with the position of India improving from 142nd rank in 2014 to 77th rank in 2018. Further, the Foreign Direct Investment policy has been simplified and liberalized progressively and now most sectors are on automatic route. Pradhan Mantri Mudra Yojana was launched to extend collateral free loans by banks, non-banking financial companies and micro finance institutions to small/micro business enterprises in the non-agricultural sector to individuals to enable them to setup or expand their business activities and to generate self-employment.

        In addition, the Government announced Special Package for Footwear and Leather Sector to develop infrastructure, facilitate additional investments, generate employment and increase production. A special package including a slew of labour-friendly measures to promote employment generation, economies of scale and boost exports was introduced in textile and apparel sector. Key initiatives have been announced recently by the Government to help growth, expansion and facilitation of Micro, Small & Medium Enterprises.

        This was stated by Shri Pon. Radhakrishnan, Minister of State for Finance in a Written Reply to a Question in Lok Sabha today.

        Manufacturing growth policy expands through Make in India, Startup India, FDI liberalisation and support for small enterprises. The document reports sectoral GVA shares with manufacturing near 16-17% and a modest increase in early 2018-19, and outlines the Government's policy package to raise manufacturing's contribution: Make in India (infrastructure, regulatory simplification, skills, innovation), Startup India (startup ecosystem), improved ease of doing business, liberalised FDI automatic routes, Pradhan Mantri Mudra Yojana for collateral free small enterprise credit, and targeted support packages for footwear, leather, textiles and MSMEs.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Manufacturing growth policy expands through Make in India, Startup India, FDI liberalisation and support for small enterprises.

                                The document reports sectoral GVA shares with manufacturing near 16-17% and a modest increase in early 2018-19, and outlines the Government's policy package to raise manufacturing's contribution: Make in India (infrastructure, regulatory simplification, skills, innovation), Startup India (startup ecosystem), improved ease of doing business, liberalised FDI automatic routes, Pradhan Mantri Mudra Yojana for collateral free small enterprise credit, and targeted support packages for footwear, leather, textiles and MSMEs.





                                Note: It is a system-generated summary and is for quick reference only.

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                                ActsIncome Tax
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