Page 25 - Economic Survey

Economic Survey: Housing prices hiked in some cities even during Covid wave

While house transactions mostly declined during the Covid-19 shocks, their prices did not fall in most of the selected cities, some even increased, as per Economic Survey 2021-22.

Eco Survey: Formalisation of economy increased corporate tax collection

The corporate income tax registered a growth of 90.4 per cent over April-November 2020 and 22.5 per cent over April-November 2019

Economic Survey: Number of space start-ups double in 2021

Two-thirds of India's space start-ups have been added in the last two years

Economic Survey: Food subsidies grew by 400% to Rs 5.25 trn

The steep rise in food subsidy bill was on account of Pradhan Mantri Garib Kalyan Ann Yojana introduced as part of the Economic Response to Covid-19

Economic Survey propagates policy agility amid pandemic-induced uncertainty

Highlights govt's 'Barbell Strategy' to offer a bouquet of safety-nets to cushion impact on vulnerable sections/business, with a flexible response that uses feedback-loops with real-time adjustments

Economic Survey: Trajectory of tourism remains uncertain due to Omicron

The trajectory of the tourism sector, especially international tourism, remains uncertain due to the spread of the Omicron variant of COVID-19, according to Economic Survey 2021-22. The pandemic has had a debilitating impact on world travel and tourism everywhere, including India, and the resumption of international tourism will continue to depend largely on a coordinated response among countries, said the Survey. Nations will need to coordinate in terms of travel restrictions, harmonised safety and hygiene protocols and effective communication to help restore consumer confidence. "At the time of writing, new restrictions were being introduced worldwide due to the spread of the Omicron variant of the COVID-19. Thus, the trajectory of the tourism sector, especially international tourism remains uncertain," according to the pre-Budget document tabled in Parliament by Finance Minister Nirmala Sitharaman on Monday. Citing the World Tourism Barometer of the United Nations World Tourism

Economic Survey: Climate finance, resource mgt key to Climate adaptability

While it lauded commitments made by India at COP26 global climate conference, it also made a note about the pace of investment in net-zero emission planning

Economic Survey: Carmakers saddled with backlog of over 700,000 orders

Carmakers are saddled with a backlog of over 7 lakh orders as of December 2021, due to the the shortage of semiconductors, according to the Economic Survey. With the delay in supply, the average lead time (the difference between the date of order and actually receiving in the automobile) for the industry for 2021 has been around 14 weeks globally. India has also experienced similar trends in the automobile sector, Economic Survey 2021-22 pointed out. As per data from the Society of Indian Automobile Manufacturers (SIAM), carmakers sold 2,19,421 passenger vehicles in the domestic market in December 2021, down 13 per cent (year-on-year), it stated. "This is not a demand problem but a supply-side issue. The information from various car manufacturers' websites reveals a cumulative pendency of over 7 lakh orders as of December 2021," the Survey noted. The Survey also outlined the efforts on the part of the government to boost semiconductor production in the country. The government has .

Economy Survey: Resilient agriculture sector growth at 3.9% in 2021-22

Agriculture and the allied sector proved to be the most resilient to the Covid-19 shock as it registered a growth of 3.6 per cent in 2020-21 and improved to 3.9 per cent in 2021-22

Top headlines: Eco Survey sees 8%-8.5% FY23 GDP growth; NINL sale cleared

Business Standard brings you the top headlines on Monday

Economic Survey: Fertiliser subsidy touches Rs 85,300 cr in Apr-Dec FY22

The government's fertiliser subsidy touched Rs 85,300 crore in the first nine months of the ongoing fiscal year, according to the Economic Survey. Domestic fertiliser production reached 28.5 million tonne during April-December period of 2021-22. Out of the total fertiliser production, urea output was at 18.7 million tonne, Di Ammonium Phosphate (DAP) at 3 million tonne and complex fertilisers at 6.8 million tonne. According to the Survey, total fertiliser subsidy reached Rs 85,300 crore during the nine-month period. Of this, Rs 49,800 crore subsidy was on urea and the balance Rs 35,500 crore on phosphatic and potassium (P&K) fertilisers. The government's fertiliser subsidy had touched a record Rs 1,38,500 crore in 2020-21. Much of the subsidy was spent on urea at Rs 99,500 crore followed by P&K fertilisers at Rs 39,000 crore. The government is making available fertilisers, namely urea and different grades of P&K fertilisers to farmers at subsidised prices through ...

Economic Survey: Significant acceleration in formalisation of the job mkt

An analysis of the latest EPFO data suggests a significant acceleration in formalisation of the job market, driven by both new formal jobs and formalisation of existing jobs

Eco Survey: Gross FDI inflows moderated to $54.1 bn during Apr-Nov 2021

Net foreign direct investment recorded a lower inflow of USD 24.7 billion and the gross FDI moderated to USD 54.1 billion in April-November 2021 due to sluggish equity investment, the Eco Survey said

Economic Survey: Farm credit over Rs 7.36 trn disbursed in H1 of FY'22

Farm credit worth over Rs 7.36 trn has been disbursed to farmers during the first six months of the 2021-22 fiscal year, according to the Economic Survey.

Economic Survey: India sees 25% growth in steel output during Apr-Oct FY22

India's crude steel production increased 25 per cent year-on-year to 66.91 million tonne during April-October period of 2021-22, according to the Economic Survey.

Economic Survey: Govt skill programme could place only one in 6 candidates

PMKVY 3.0 has had the worst track record, with only 3.6 per cent placement under the scheme

Economic Survey: India on track to meet FY22 fiscal deficit target

India will comfortably meet its fiscal deficit FY22 target on the back of a strong rebound in revenues, said the Economic Survey 2021-22

Eco Survey: To achieve $5-trn GDP by FY25, need to spend $1.4 trn on infra

In order to achieve USD 5 trillion GDP by FY'25, India needs to spend about USD 1.4 trillion over this period on infrastructure, according to the Economic Survey

Economic Survey: Namami Gange expenditure only half of budgeted outlays

Sewage treatment capacity during the last eight years has been scaled up ten times

Economic Survey: Indian aviation sector has started to rebound

The Indian aviation sector has started to rebound with accelerated pace of Covid-19 vaccine roll-out and easing of travel restrictions globally, stated the Economic Survey released on Monday