Page 14 - Economic Survey

Economic Survey identifies growth areas for Viksit Bharat: PM Modi

Prime Minister Narendra Modi on Monday said the Economic Survey highlights the prevailing strengths of the economy and identifies areas for further growth and progress as "we move towards building a Viksit Bharat". Finance Minister Nirmala Sitharaman on Monday presented the Economic Survey 2023-24, along with the statistical appendix in the Lok Sabha. The Economic Survey is an annual document presented by the government ahead of the Union Budget to review the state of the economy. The document also provides an overview of the short-to-medium-term prospects of the economy. In a post on X, Modi said, "The Economic Survey highlights the prevailing strengths of our economy and also showcases the outcomes of the various reforms our Government has brought." "It also identifies areas for further growth and progress as we move towards building a Viksit Bharat," the prime minister said.

Key highlights of the Economic Survey 2023-24

Today, the Union Finance Minister tabled the Economic Survey document for 2023-24, ahead of the presentation of the Union Budget on July 23. Watch the video to know the key highlights from the survey.

Cong calls Eco Survey 'cherry-picked' view, says India in precarious state

The Congress alleged on Monday that the Economic Survey released by the government presented a "cherry-picked" view of the economy and claimed that India is experiencing its "most precarious and difficult" economic situation in many years. Finance Minister Nirmala Sitharaman presented the Economic Survey 2023-24, along with the statistical appendix, in the Lok Sabha on Monday. The Economic Survey is an annual document presented by the government ahead of the Union Budget to review the state of the economy. Congress general secretary in-charge communications Jairam Ramesh said the need of the hour is a right to apprenticeship, protections for gig workers and unorganised sector workers, minimum wage hikes to Rs 400 per day, an end to "tax terrorism" and an expansion of social-protection schemes like the one for anganwadis. "The Economic Survey of 2023-24, released in advance of tomorrow's Budget, must have been a difficult document for the non-biological PM's spin doctors to produce.

AI poses both risks and opportunities for youths, says Economic Survey

Puts onus on pvt sector to make sure jobs aren't replaced but reshaped

19.2 mn foreigners visited India in 2023, up from 1.05 mn in 2021: Govt

A total of 1.92 crore foreign tourists visited India last year, a jump from 10.54 lakh in the pandemic year of 2021, according to the Tourism ministry. Responding to a question in Lok Sabha, Culture and Tourism Minister Gajendra Singh Shekhawat gave data of foreign tourist visits (FTVs) to India from 2021 to 2023. According to the data, 1,92,45,817 foreign tourist visits were recorded in 2023, while the number stood at 85,87,562 in 2022, and 10,54,642 in 2021. Delhi saw a remarkable rise from 1,00,178 FTVs in 2021 to an estimated 18,28,116 FTVs in 2023. Similarly, Goa's foreign tourist arrivals jumped from 22,128 in 2021 to 4,52,692 in 2023. Maharashtra experienced one of the highest increases, with FTVs growing from 1,85,643 in 2021 to an estimated 33,87,739 in 2023. Smaller states and UTs also reported significant growth. The Andaman & Nicobar Islands saw an increase from 1,687 FTVs in 2021 to 9,025 in 2023. Arunachal Pradesh, which had only 182 FTVs in 2021, welcomed 4,496 i

Stressed debt worth Rs 1.25 trillion on NARCL's radar: Economic Survey

Incorporated in 2021, with majority stake held by public sector banks and the balance by private sector banks, NARCL has the mandate to acquire fully provisioned stressed assets from banks

Pvt sector's offering to 'toxic mix of habits' substantial: Eco Survey

The private sector's contribution to the 'toxic mix of habits' like social media, screen time and unhealthy food that can undermine public health, productivity and diminish India's economic potential is substantial, the Economic Survey said on Monday. The survey, tabled by Finance Minister Nirmala Sitharaman in Parliament, also pointed out that 'privileging capital over labour is inimical to long-term corporate growth prospects', referring to reluctance shown by businesses to make investments citing lack of demand visibility. "For India's working-age population to be gainfully employed, they need skills and good health. Social media, screen time, sedentary habits, and unhealthy food are a lethal mix that can undermine public health and productivity and diminish India's economic potential," it said. Further, it said, "The private sector's contribution to this toxic mix of habits is substantial, and that is myopic." Stating that the emerging food consumption habits of Indians are not

Economic Survey: DPI brings down KYC costs to Rs 6 from about Rs 1,000

The disclosure on KYC costs comes as the RBI has been cautious about KYC risks and has emphasised well-defined norms for market players

Decoding the Economic Survey 2024 | Union Budget 2024

Decoding the Economic Survey 2024 | Union Budget 2024

Eco Survey: Quadruple psychiatrists, integrate mental health in schools

Even as experts acknowledge the challenge, they also point to a rising trend in the number of psychiatrists due to an increased number of postgraduate seats in recent years

How fake employment certificates in India are sold for Rs 7,500: Explained

Fake employment certificates are not only affordable and easily accessible but can also be produced within hours

Better utilisation of land will bring fixed cost of production: Survey

MSMEs are the backbone of the Indian economy, contributing approximately 30 per cent of the country's gross domestic product (GDP)

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"

Decoding the Economic Survey 2024

Decoding the Economic Survey 2024

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

Renewable energy sector to get Rs 30.5 trn investments by 2030: Eco Survey

Mobilization of finance as well as investment on competitive terms and resolution of land acquisition issues are necessary for realising Rs 30.5 lakh crore investment required for meeting the target of having 500GW renewable energy in India by 2030, according to the Economic Survey. The Economic Survey 2023-24 tabled in Parliament on Monday the Renewable Energy (RE) sector is expected to attract investments of about Rs 30.5 lakh crore in India between 2024 and 2030. According to the Survey, this would create significant economic opportunities across the value chain. The clean energy sector in India saw new investments of Rs 8.5 lakh crore (USD 102.4 billion) between 2014 and 2023, it said, adding that the RE sector received about USD 17.88 billion as FDI from April 2000 until March 2024. On mobilization of necessary finance and investments on competitive terms for the RE sector, the Survey pointed towards gearing up the banking sector for arranging finances for larger deployment ..

Doom scrolling to cyberbullying: Economic Survey focuses on mental health

The Economic Survey for FY24 highlighted that mental health affects productivity more broadly than physical health issues and highlighted the socio-economic impacts of mental disorders

Govt's initiatives for cleaner coal need to be promoted: Economic Survey

The initiatives of the government for cleaner fuel such as coal gasification mission and exploring coal to hydrogen need to be promoted to reduce emission and increase environmental sustainability, the Economic Survey on Monday said. While phasing in renewables to the extent possible is crucial, in the short to medium term, the focus should also be on actively adopting clean coal technologies. With the arrival of ultra super-critical technologies for coal-fired power plants, it would be possible to bring down emissions and achieve higher efficiency, the Economic Survey 2023-24 tabled in Parliament said. "In exploring the landscape for ensuring energy security, it has become evident that risks are not merely obstacles but also harbingers of opportunities. While uncertainties loom, they present avenues for innovation, adaptation, and growth for India. While phasing in renewables to the extent possible is imperative, in the short to medium term, the focus should also be on actively ...

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