Page 6 - Latest Updates on Economic Survey
Rising passive incomes: Companies favour financial investments over assets
A shift in focus towards private investment is required to sustain the growth momentum. This should be a concern for policymakers
 "Rising passive incomes: Companies favour financial investments over assets")
India's per capita to income to increase by $2,000 over 5 years: Sitharaman
Speaking at Kautilya Economic Conclave, Finance Minister Nirmala Sitharaman noted that while it took the country 75 years to achieve a per capita income of $2,730, the next leap will be much faster
 "India's per capita to income to increase by $2,000 over 5 years: Sitharaman")
Best of BS Opinion: The right framework, private sector's space lift-off
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: The right framework, private sector's space lift-off")
Economic momentum intact for 6.5-7% growth in FY25: Finance Ministry
The ministry added that both the consumer and industrial outlook surveys, which showed a declining trend, need to be monitored for future trends
 "Economic momentum intact for 6.5-7% growth in FY25: Finance Ministry")
India's GDP growth slowed down to six-quarter low of 6% in Q1 FY25: ICRA
The credit rating agency expects India's GDP to grow by 6.8 per cent for the full fiscal year 2024-25, lower than the 8.2 per cent achieved in 2023-24
 "India's GDP growth slowed down to six-quarter low of 6% in Q1 FY25: ICRA")
Chinese investments will not benefit India
High cost of doing business and geopolitics limit opportunities
 "Chinese investments will not benefit India")
Don't count on a growth miracle
In a volatile global landscape, sustained growth rate of more than 7 per cent is quite a challenge
 "Don't count on a growth miracle")
Inflation targeting without food is no solution
While the interests of famers need to be protected, it would further complicate monetary and macroeconomic management
 "Inflation targeting without food is no solution")
Unemployment rate will drop below 3%, no concern for job losses: Mandaviya
Union Labour Minister Mansukh Mandaviya assured the Lok Sabha that employment generation efforts by Prime Minister Narendra Modi has led to significant reduction in the unemployment rate
 "Unemployment rate will drop below 3%, no concern for job losses: Mandaviya")
Economic Survey pessimistic on export growth prospects
In an era when global economic growth is likely to be buffeted by geopolitical tensions and protectionism, growing India's exports of goods and services will be a stiffer challenge than before
 "Economic Survey pessimistic on export growth prospects")
Excluding food from RBI's inflation framework may not have many takers
Headline numbers best communicated to common man; Govt needs to step up supply management
 "Excluding food from RBI's inflation framework may not have many takers")
Credit guarantee to Rs 20 lakh Mudra loan: FM on MSMEs in Budget 2024
Union Budget 2024-25: Finance Minister Nirmala Sitharaman announced the continuation of bank credit to micro, small, and medium enterprises (MSMEs) during stress periods
 "Credit guarantee to Rs 20 lakh Mudra loan: FM on MSMEs in Budget 2024")
GDP growth will be even better: EaseMyTrip co-founder Pitti on Eco Survey
Speaking on the tourism sector, Pitti said that he expects the government to put some more focus on tourism as it provides many employment opportunities
 "GDP growth will be even better: EaseMyTrip co-founder Pitti on Eco Survey")
Chief economic advisor Nageswaran calls out rich nations' climate hypocrisy
In the annual economic survey, Nageswaran said it is morally wrong to ask developing countries to abandon their aspirations for better living standards
 "Chief economic advisor Nageswaran calls out rich nations' climate hypocrisy")
Need to create 8 million jobs a year until 2036, says Economic Survey
Nudges pvt sector on jobs, cautions on AI; sees GDP growing by 6.5-7% in FY25; makes a case for FDI from China
 "Need to create 8 million jobs a year until 2036, says Economic Survey")
Best of BS Opinion: Survey links growth to ongoing reforms and more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Survey links growth to ongoing reforms and more")
Amid geopolitical tensions, growing exports to be stiffer challenge: Survey
Cites risks of geopolitical tensions, rise in protectionism, higher trade cost because of the Red Sea crisis, and commodity price volatility as reasons
Economic Survey 2023-24: How India's overtime premium dwarfs peers'
This could be a disadvantage for the Indian economy, mentions the survey
 "Economic Survey 2023-24: How India's overtime premium dwarfs peers'")
Boost to PLI, MITRA schemes to unlock non-farm job growth: Economic Survey
Share of agriculture in workforce will decline from 45.8 per cent in 2023 to one-fourth in 2047, it says
 "Boost to PLI, MITRA schemes to unlock non-farm job growth: Economic Survey")
Developed world's climate plans in a fog, India's a clear blue sky: Survey
"Even as developed nations prepare to impose a carbon tax at the border on imports coming into their countries laden with carbon, they are ramping up energy demand like never before," said the Survey
 "Developed world's climate plans in a fog, India's a clear blue sky: Survey")
