Page 352 - Economy & Policy News

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"

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

117,254 DPIIT-recognised startups created 1.2 mn direct jobs: Eco Survey

Startups soar from 300 to over 100k in 7 years

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

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

14% iPhones made in India in FY24, electronics export rank up: Eco Survey

"Apple assembled USD 14 billion worth of iPhones in India during FY'24, constituting 14 per cent of its global iPhone production," the Economic Survey said citing third-party data

Apprenticeship framework must provide flexibility in work hours: Eco Survey

Such reform and better compensation will improve employability of vocational students, it says

Telecom technology needs capital, govt to allocate 5% of USOF for R&D

At present, the government has a corpus of around Rs 80,000 crore collected under USOF which has now been renamed as Digital Bharat Nidhi

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

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

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

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

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

India's foreign exchange reserves jump about $10 bn on JPMorgan bond move

Foreign investors have poured money into India's markets this year as they look for alternatives to Chinese equities and after JPMorgan announced the inclusion of India's bonds into its key index

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

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

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

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

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