Page 29 - Latest Updates on Economic Survey
Markets faced corrections due to Covid uncertainty in early FY21: Survey
There were some significant corrections due to COVID-19 induced uncertainty in the beginning of this financial year, however both Nifty-50 and BSE Sensex recovered strongly afterwards, the Survey said
 "Markets faced corrections due to Covid uncertainty in early FY21: Survey")
Forbearance an 'emergency medicine' not 'staple diet': Eco Survey
The government must get rid of the forbearance window, provided by banks to borrowers due to COVID-19 induced economic challenges, as soon as the economy starts to revive, the Economic Survey said
 "Forbearance an 'emergency medicine' not 'staple diet': Eco Survey")
Economy to witness 'V-shaped' rebound with 11% growth in FY22: Eco Survey
The rebound will follow an estimated 7.7 per cent contraction in the Gross Domestic Product (GDP) in the current financial year ending March 31
 "Economy to witness 'V-shaped' rebound with 11% growth in FY22: Eco Survey")
LIVE: India took 'short-term pain' for long-term economic gain, says CEA
BUDGET SESSION 2021 LIVE UPDATES: Finance Minister Nirmala Sitharaman tabled Economic Survey today. Stay tuned for LIVE updates on Budget session of the Parliament
 "LIVE: India took 'short-term pain' for long-term economic gain, says CEA")
India's debt levels to reduce even in low-growth scenario, says CEA
CEA said growth leads to debt sustainability and even if India were to have real GDP growth rate as low as 3.8% each year from 2022-23 to 2028-29, the country's debt levels will still come down
 "India's debt levels to reduce even in low-growth scenario, says CEA")
School students owning smartphone in rural India up 61% in 2 yrs: Survey
The percentage of school students owning a smartphone in rural India has increased from over 36 per cent to 61 per cent in the last two years, the Economic Survey 2020-21 noted
 "School students owning smartphone in rural India up 61% in 2 yrs: Survey")
Need to see farming as modern biz enterprise; reforms needed: Eco Survey
The Economic Survey on Friday suggested the government to see farm sector as a "modern business enterprise" for which "urgent reforms" are required to enable sustainable and consistent growth
 "Need to see farming as modern biz enterprise; reforms needed: Eco Survey")
Reduced data cost could enable affordable access: Economic Survey
Internet and broadband penetration across both urban and rural areas progressed rapidly, and the reduced cost of data could enable the affordable access at a fast pace, Economic Survey said
 "Reduced data cost could enable affordable access: Economic Survey")
Need to promote non-discriminatory practices at workplace for women: Survey
There is a need to promote non-discriminatory practices at the workplace like pay and career progression, improving work incentives and social security benefits for women, said the Economic Survey
 "Need to promote non-discriminatory practices at workplace for women: Survey")
NPPA ensured availability of essential drugs during pandemic: Eco Survey
Drug pricing regulator NPPA undertook necessary steps to ensure availability of life saving essential medicines across the country during the COVID-19 pandemic, the Economic Survey said on Friday.
 "NPPA ensured availability of essential drugs during pandemic: Eco Survey")
IT-BPM sector saw recovery in revenue growth at 7.9% in FY20: Eco Survey
The Indian IT-BPM sector witnessed a recovery in revenue growth at 7.9 per cent in FY2019-20, primarily driven by a significant boost in domestic revenue, as per the Economic Survey 2020-21
 "IT-BPM sector saw recovery in revenue growth at 7.9% in FY20: Eco Survey")
Taxpayer grievance redressal system needs more teeth: Economic Survey
The government should reinvigorate the taxpayer grievance redressal system by giving it more teeth and making it independent of the tax department to help build trust in tax admin, the Survey said
 "Taxpayer grievance redressal system needs more teeth: Economic Survey")
India reaping 'lockdown dividend' by saving lives, livelihood: Eco Survey
India is reaping the "lockdown dividend" from the preventive measures it adopted at the onset of the COVID-19 pandemic indicating its willingness to take short-term pain for long-term gain
 "India reaping 'lockdown dividend' by saving lives, livelihood: Eco Survey")
Economic Survey tries hard to dispel stigma of overusing fiscal policy
Given the government's cautious fiscal response to the pandemic so far, it seems unlikely that it will drop the ball on consolidation in the upcoming Budget
 "Economic Survey tries hard to dispel stigma of overusing fiscal policy")
India only emerging market to get equity FPI inflows in 2020: Eco Survey
The country attracted $30 billion in the first nine months of the year
 "India only emerging market to get equity FPI inflows in 2020: Eco Survey")
India emerges as leading country for flexi-staffing: Eco Survey
India has emerged as one of the largest countries for flexi-staffing or gig and platform workers, the survey said
 "India emerges as leading country for flexi-staffing: Eco Survey")
GDP growth leads to debt sustainability, says Economic Survey
Economic Survey made a case for an optimal fiscal stance
 "GDP growth leads to debt sustainability, says Economic Survey")
Vaccination drive to help revive contact intensive services sector
With the ongoing vaccination drive, the contact intensive services sectors are expected to witness revival, the Economic Survey
 "Vaccination drive to help revive contact intensive services sector")
Eco Survey reaffirms worst behind; but govt support needed: Industry
The Economic Survey reaffirms that the worst is behind us and the economy would bounce back with a V-shaped recovery, India Inc said
India likely to post current account surplus after 17 years: Survey
India is likely to post a current account surplus after a gap of 17 years, the survey said
 "India likely to post current account surplus after 17 years: Survey")