"The state government of Uttar Pradesh in north India advertised 368 peon vacancies last month, it was deluged by 2.3 million applications from young men desperate for the menial job."

"My son has an MSc in physics and has done a course in computers but he's been unemployed for two years. He's overqualified but it's a government job which is secure."

This shows that the number of unemployment in North India is high. (Structural unemployment)

'Asserting that India was doing better than when his government took office 18 months ago, the Prime Minister said that the nation's GDP growth was up and the inflation was down, among other things.'

A decrease in inflation is also known as disinflation.

India's GDP is expected to grow at 7.5 percent in 2015-2016 and is ahead of China as the fastest growing economy. 

Some of the economic activities that has shown positive & significant growth are financing, insurance, real estate, business services, trade, hotel, transport services etc. 

India will soon grow at a potential 8 per cent on average with greater access to technology, banking.

(Expenditure approach= C+G+I+(X-M))

India’s Consumer Price Index (CPI) inflation rate eased to 3.66 per cent in August 2015 compared to 3.69 per cent in the previous month.

India's consumer confidence continues to remain highest globally for the fifth quarter in a row which is a contributing factor to India's economy growth.

The International Monetary Fund (IMF) and the Moody’s Investors Service have forecasted that India will witness a GDP growth rate of 7.5 per cent in 2016, due to improved investor confidence, lower food prices and better policy reforms. Besides, according to mid-year update of United Nations World Economic Situation and Prospects, India is expected to grow at 7.6 per cent in 2015 and at 7.7 per cent in 2016.

'his promise to provide economic growth and jobs, has said his target is to add a staggering 100 million jobs to the economy by 2022.'

This is a government intervention to increase jobs. This reduces unemployment rate thus creates spending. (Fiscal Policy on government increasing spending)

'Tax revenues are up and interest rates are down. The fiscal deficit is down and the rupee is stable.This success is the result of a series of concerted policies. We have entered, for the first time, into a monetary framework agreement with the Reserve Bank to curb inflation'

The government steps in and comes out with policy to help India's economy. Lower interest rate, companies are willing to borrow more for investment. Therefore, people has more spending power resulting in the total tax revenues increase.

Finance Minister Mr Arun Jaitley stated that the government is looking at a number of reforms and resolution of pending tax disputes to attract investments.

"by neem-coating the fertiliser, it becomes unsuitable for diversion. This has already saved billions of rupees of diverted farm subsidies. We have also introduced Soil Health Card. This tells every farmer the condition of his or her soil and then enables him to choose the right crop, best quantity and mix of inputs"

The government efforts to help the farmers to increase their revenues. With lower production cost, the income of the farm would increase