Page 14 - Latest Updates on Economic Survey
How fake employment certificates in India are sold for Rs 7,500: Explained
Fake employment certificates are not only affordable and easily accessible but can also be produced within hours
 "How fake employment certificates in India are sold for Rs 7,500: Explained")
Better utilisation of land will bring fixed cost of production: Survey
MSMEs are the backbone of the Indian economy, contributing approximately 30 per cent of the country's gross domestic product (GDP)
 "Better utilisation of land will bring fixed cost of production: Survey")
Indian carriers should be strengthened for long-haul flights: Eco Survey
"A large proportion of Indian international traffic for the long haul goes through connectivity hubs in the Middle East and Southeast Asia"
 "Indian carriers should be strengthened for long-haul flights: Eco Survey")
Need to capacitate Mospi to integrate all required statistics: Eco Survey
The survey notes that official statistics play a pivotal role in addressing societal challenges and promoting inclusive growth
 "Need to capacitate Mospi to integrate all required statistics: Eco Survey")
Renewable energy sector to get Rs 30.5 trn investments by 2030: Eco Survey
India has put in place a target of achieving 50 per cent cumulative installed capacity for generating electric power from non-fossil fuel-based energy resources by 2030
 "Renewable energy sector to get Rs 30.5 trn investments by 2030: Eco Survey")
Doom scrolling to cyberbullying: Economic Survey focuses on mental health
The Economic Survey for FY24 highlighted that mental health affects productivity more broadly than physical health issues and highlighted the socio-economic impacts of mental disorders
 "Doom scrolling to cyberbullying: Economic Survey focuses on mental health")
Govt's initiatives for cleaner coal need to be promoted: Economic Survey
While phasing in renewables to the extent possible is crucial, in the short to medium term, the focus should also be on actively adopting clean coal technologies
 "Govt's initiatives for cleaner coal need to be promoted: Economic Survey")
117,254 DPIIT-recognised startups created 1.2 mn direct jobs: Eco Survey
Startups soar from 300 to over 100k in 7 years
 "117,254 DPIIT-recognised startups created 1.2 mn direct jobs: Eco Survey")
Economic Survey says need for 'viable, cost-effective' housing in India
Going forward, the demand for housing is expected to be driven by affordability and increased access to credit, it said
 "Economic Survey says need for 'viable, cost-effective' housing in India")
Households not in distress, investing more in financial assets: CEA
The Economic Survey has projected a prudent growth rate of 6.5-7 per cent for the current financial year, and much will depend upon the progress of the monsoon, Nageswaran added
 "Households not in distress, investing more in financial assets: CEA")
Apprenticeship framework must provide flexibility in work hours: Eco Survey
Such reform and better compensation will improve employability of vocational students, it says
 "Apprenticeship framework must provide flexibility in work hours: Eco Survey")
Increased education budget led to rise in enrolment rates: Economic Survey
The survey states a rise in enrolment in higher education has been witnessed between FY15 and FY22, driven by underprivileged sections such as SC, ST, and OBC
 "Increased education budget led to rise in enrolment rates: Economic Survey")
Primary mkt was robust amidst favourable investment climate: Eco Survey
Debt issuances dominated fundraising in the last fiscal year, constituting 78.8 per cent of the total funds raised
 "Primary mkt was robust amidst favourable investment climate: Eco Survey")
Fiscal balances improved despite rise in public investment: Eco Survey
The external balance has been pressured by subdued global demand for goods, but strong services exports largely counterbalanced this, it added
 "Fiscal balances improved despite rise in public investment: Eco Survey")
Remove food from inflation-targeting framework, explore options: Eco Survey
India introduced the inflation-targeting framework in 2016 under which the Reserve Bank of India (RBI) is mandated to keep retail inflation at 4 per cent, with a margin of 2 per cent on either side
 "Remove food from inflation-targeting framework, explore options: Eco Survey")
Healthcare has become more affordable and accessible: Eco Survey
As such, out-of-pocket expenditure (OOPE) as a percentage of THE has come down from 64.2 per cent in FY14 to 47.1 per cent in FY20
India now among top 25 global defence exporters: Economic Survey 2023-24
Economic Survey 2023-24 says India has gone from being world's second-largest arms importer between 2015 and 2019 to securing a place in the list of the top 25 arms exporter nations
 "India now among top 25 global defence exporters: Economic Survey 2023-24")
Green steel to play key role in for low carbon economy: Economic Survey
The concept of green steel promotes the production of steel using green energy sources and minimizing the usage of fossil fuels
 "Green steel to play key role in for low carbon economy: Economic Survey")
Eco Survey on cap goods: Potential expansions in industrial capacities seen
The report also anticipated the UAE could become a hub for sourcing India's capital goods and intermediates for further value-added exports to other African and European destinations
Employment generation is 'real bottom line' for private sector: Eco Survey
The Economic Survey notes that businesses have an obligation to themselves to strike the right balance between deployment of capital and deployment of labour
 "Employment generation is 'real bottom line' for private sector: Eco Survey")