Page 15 - Latest Updates on Economic Survey
Remittances to India may grow 3.7% in 2024 to $124 bn: Economic Survey
India's efforts to link its Unified Payments Interface (UPI) with source countries such as the United Arab Emirates and Singapore are expected to reduce costs and speed up remittances, the survey says
 "Remittances to India may grow 3.7% in 2024 to $124 bn: Economic Survey")
Stock Market Highlights, July 22: Sensex, Nifty end flat ahead of Budget; RIL, Wipro sink up to 9%
Stock Market Highlights on July 22: In the broader markets, the BSE MidCap, and SmallCap indices snapped their two-day losing run to settle 1.3 per cent and 0.85 per cent higher, respectively
 "Stock Market Highlights, July 22: Sensex, Nifty end flat ahead of Budget; RIL, Wipro sink up to 9%")
Economic Survey calls upon India Inc to step up hiring, compensation
"It is worth reiterating that job creation happens mainly in the private sector," the survey released on Monday said
 "Economic Survey calls upon India Inc to step up hiring, compensation")
Indian GCCs employed more than 16 lakh people in FY23: Economic Survey
The software, internet, and banking, financial services, and insurance (BFSI) sectors collectively accounted for about 58 per cent of India's IT GCC talent, according to the document
 "Indian GCCs employed more than 16 lakh people in FY23: Economic Survey")
Budget 2024: 80% flexi workers earn Rs 20,000 a month, shows Eco Survey
Budget 2024: India employs nearly 5.4 million formal contract staff or flexi workers through organised contract/temporary staffing companies, according to Economic Survey 2024
 "Budget 2024: 80% flexi workers earn Rs 20,000 a month, shows Eco Survey")
Increased FDI inflows from China can help India push exports: Eco Survey
It added that India faces two choices to benefit from 'China plus one' strategy and that is either to integrate into China's supply chain or promote FDI from China
 "Increased FDI inflows from China can help India push exports: Eco Survey")
AI, agro-processing, gig economy with most job potential: Economic Survey
Economic Survey 2023-24: The gig workforce is expected to expand to 23.5 million by 2029-30, forming 6.7% of the non-agricultural workforce, and 4.1% of India's total workforce
 "AI, agro-processing, gig economy with most job potential: Economic Survey")
Overconfidence leading to speculative market activity a concern: Eco Survey
The Indian stock market, the survey said, was among the best-performing markets, with India's Nifty 50 index rising 26.8 per cent during fiscal FY24, as against a drop of 8.2 per cent during FY23
 "Overconfidence leading to speculative market activity a concern: Eco Survey")
Economic Survey: What it says on trade, private sector investment and more
The Economic Survey 2024 touched on private sector investment, noting visible green shoots but urging caution. Here's why
 "Economic Survey: What it says on trade, private sector investment and more")
MGNREGA work demand 'not linked' to rural distress: Economic Survey
Data does not show that states with more poverty and higher unemployment rates use more of the scheme's funds, it says
 "MGNREGA work demand 'not linked' to rural distress: Economic Survey")
Unique tax payers trading on NSE more than tripled since pandemic
Numbers are 40 per cent lower than the number of overall investor accounts
 "Unique tax payers trading on NSE more than tripled since pandemic")
Union Budget 2024: Here's what the Economic Survey says about key sectors
The Economic Survey revealed an overall positive report and outlook of key sectors, noting that the uncertain global climate may hamper economic growth going ahead
 "Union Budget 2024: Here's what the Economic Survey says about key sectors")
India has decoupled economic growth from greenhouse gas emissions: Survey
India has successfully reduced the emission intensity of its GDP, the Survey said
 "India has decoupled economic growth from greenhouse gas emissions: Survey")
Eco survey flags concerns over rising retail participation in heated market
Mcap-to-GDP ratio not necessarily a sign of economic advancement or sophistication, says survey
 "Eco survey flags concerns over rising retail participation in heated market")
India's green H2 push facing demand and supply side constraints: Eco Survey
Says diversification of energy sources needed but thermal power to play significant role
 "India's green H2 push facing demand and supply side constraints: Eco Survey")
CEA Nageswaran bats for re-orientation of farm policies despite subsidies
In the preface to the Economic Survey 2023-24, Nageswaran noted that while the government provides substantial support to farmers through subsidies, there is room for improvement
 "CEA Nageswaran bats for re-orientation of farm policies despite subsidies")
Banking's dominance in credit diminishing in country: Economic Survey FY24
Capital markets' rise in role a 'welcome development' but comes with its challenges, says survey
 "Banking's dominance in credit diminishing in country: Economic Survey FY24")
Eco Survey calls for action for rising mental health issues among Indians
The Economic Survey on Monday flagged a rise in mental health issues among Indians, calling for a paradigm shift towards a bottom-up, whole-of-community approach to address the problem.
 "Eco Survey calls for action for rising mental health issues among Indians")
Pre-budget Eco Survey highlights urgent need for agricultural reforms
The Survey observes that the policy reforms undertaken by the government over the past decade have laid the foundation for sustained moderate to high growth in the coming years
 "Pre-budget Eco Survey highlights urgent need for agricultural reforms")
Short-term inflation outlook benign, normal monsoon expected: Eco Survey
It also prescribed expeditiously revising the consumer price index with fresh weights and item baskets
 "Short-term inflation outlook benign, normal monsoon expected: Eco Survey")