Page 14 - Latest Updates on Economic Survey
Economic Survey: Non-fossil fuel energy capacity expected to triple by FY30
To achieve target for installed capacity, it will have to grow at CAGR of 16.25%
 "Economic Survey: Non-fossil fuel energy capacity expected to triple by FY30")
Optimistic outlook
Higher growth will need more reforms
 "Optimistic outlook")
Budget 2023: Tax sops, fiscal consolidation tight rope walk for Sitharaman
But all this she has to do while staying on the course of the fiscal consolidation path
 "Budget 2023: Tax sops, fiscal consolidation tight rope walk for Sitharaman")
Great potential in civil aviation sector; air travel rebounded: Eco Survey
With the containment of Covid-19 infections and the lifting of travel restrictions worldwide, the survey said, air travel has rebounded
 "Great potential in civil aviation sector; air travel rebounded: Eco Survey")
India's nominal GDP to reach $3.5-trn mark by March-end: Economic Survey
India's economy crossed the $3 trillion mark last year
 "India's nominal GDP to reach $3.5-trn mark by March-end: Economic Survey")
Digital public infra to contribute 30-50 bps to medium-term growth
The government expects the platform to significantly boost the ease of doing business with secure, paperless, and hassle-free contracts
 "Digital public infra to contribute 30-50 bps to medium-term growth")
Eco Survey presents comprehensive analysis of India's growth trajectory: PM
India's economy is projected to slow to 6.5 per cent in the fiscal year starting April
 "Eco Survey presents comprehensive analysis of India's growth trajectory: PM")
Economic Survey highlights India's diversifying merchandise trade: FIEO
Additional financial support to units generating additional employment in the export sector will also be an incentive for exporters
 "Economic Survey highlights India's diversifying merchandise trade: FIEO")
About 11 mn people trained, 2.14 mn placed under PMKVY 2.0: Economic Survey
The Survey also highlighted that the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) provided training to Shramiks (migrant labourers) affected due to Covid-19
 "About 11 mn people trained, 2.14 mn placed under PMKVY 2.0: Economic Survey")
MGNREGS work demand back to pre-pandemic level, shows Economic Survey
The share of "works done on individual's land" has increased from 16 per cent of the total completed works in 2015-16, to 73 per cent in 2022-23
 "MGNREGS work demand back to pre-pandemic level, shows Economic Survey")
Global finance critical to India's climate actions: Economic Survey
'Enhanced initiatives' by developed countries must be in form of finance, technology transfer, capacity-building
 "Global finance critical to India's climate actions: Economic Survey")
Eco survey 2023: Bright prospects under dark clouds with silver linings
The Economic Survey outlines the underlying framework of reforms in India centred on ease of doing business and ease of living
Economic Survey flags concerns on Crypto, pushes for global regulation
Survey said events such as collapse of crypto exchange FTX have put vulnerabilities of the sector in focus
 "Economic Survey flags concerns on Crypto, pushes for global regulation")
Green hydrogen crucial for economic development, energy security: Survey
The mission will facilitate demand creation, production, utilisation and export of green hydrogen and mobilisation of over Rs 8 lakh crore of investments by 2030
 "Green hydrogen crucial for economic development, energy security: Survey")
GST led to high tax buoyancy, augurs well for resource mobilisation: Survey
However, the buoyancy improved to 1.1 after the GST implementation on July 1, 2017
 "GST led to high tax buoyancy, augurs well for resource mobilisation: Survey")
Rollout of 5G services can unleash new economic opportunities: Eco Survey
Telecom reforms and clear policy direction led to the spectrum auction of 2022 garnering the highest-ever bids, the survey observed
 "Rollout of 5G services can unleash new economic opportunities: Eco Survey")
Adequate, affordable finance a constraint in climate action: Eco Survey
"India's climate ambitions require resources to be dedicated to the cause of climate change, in addition to, what is needed for the country's development goals," the survey said
 "Adequate, affordable finance a constraint in climate action: Eco Survey")
Enhanced domestic coal production to replace imports: Economic Survey
Coal production in FY23 is likely to increase to 911 million tonne, about 17 per cent higher compared to the previous year
 "Enhanced domestic coal production to replace imports: Economic Survey")
Entirely dismantle licensing, inspection and compliance regime: Eco Survey
The government, however, imparted a new dimension to these reforms in the last eight years
 "Entirely dismantle licensing, inspection and compliance regime: Eco Survey")
Promoting int'l trade in rupee to help reduce currency volatility: Survey
International settlement in rupee acquires significance against the backdrop of the US Federal Reserve aggressively hiking the policy rates and its hawkish stand
 "Promoting int'l trade in rupee to help reduce currency volatility: Survey")
