Page 34 - Economic Survey

India must focus on network products to export like China: Economic Survey

Among the major Asian countries, India and Indonesia are the only ones with a trade deficit in such products

Fiscal deficit hits 132% of estimate till Dec on slow revenue collection

The government aims to restrict the gap at 3.3 per cent of the GDP or Rs 7,03,760 crore in the year ending March 2020

Economic Survey: New firm creation higher in services sector than mfg, agri

The survey also said that there is a need to invest in ramping up India's statistical infrastructure. It also said that India has made impressive improvements in several social development indicators

Eco Survey sees growth at 6.5% in FY21, calls for easing of deficit target

For the current fiscal, it projected a GDP growth of 5 per cent, the lowest in 11 years, and worsening job prospects

Economic Survey launches 'Health Score' to detect liquidity issues in NBFCs

The Economic Survey on Friday unveiled an early-warning system, 'Health Score', that could read signs of impending rollover risk problems in the non-banking finance sector. The IL&FS crisis following debt defaults in 2018 had led to a contagion in the domestic non-banking financial company (NBFCs) sector. The 'Health Score', developed for NBFC and housing finance company (HFCs) sectors, can help detect early-warning signals of impending liquidity problems facing the companies in the sectors. The Survey, presented in Parliament by Finance Minister Nirmala Sitharaman on Friday, said the Health Score could be used to provide early warning signals of impending rollover risk problems in the NBFC sector and help set prudential threshold of permitted funding to the sector. A sudden payment default without any prior warning by Infrastructure Leasing and Financial Services (IL&FS) in August 2018 had triggered panic and caused liquidity crisis in the NBFC sector. Quoting the recent ...

Eco Survey flags disproportionate dwarfism of banks, calls to be efficient

The Economic Survey 2019-20 tabled in Parliament by Finance Minister Nirmala Sitharaman noted that despite nationalisation a significant portion of the poor remained unbanked till 2014

Economic Survey: Sales of over 1.7k mfg firms contracted by 7.7% in Q2

Net profit for the manufacturing sector contracted in Q1 (June quarter) of 2019-20, mainly due to a production slowdown, it added

Pvt sector share in National Infra Pipeline to hit 30% by 2025: Eco Survey

Two-thirds of the pipeline is already firmed up; projects of certain states likely to be added to in due course

Economic Survey 2020: Need to address rising food bill, revisit PDS rates

The food subsidy bill has increased from Rs 1,13,171.2 crore in 2014-15 to Rs 1,71,127.5 crore in 2018-19, it said adding that the reasons for widening of the food subsidy have been many

Economic Survey: 5,151 smart city projects at various levels of execution

On Pradhan Mantri Awas Yojna-Urban (PMAY-U) programme, the Survey said the scheme was launched in June, 2015 to provide "pucca" house with basic amenities to all eligible urban poor

Economic survey: Slowdown bottomed out, uptick from here onwards, says CEA

The Economic Survey 2019-20, prepared by a team lead by Subramanian, has projected the GDP to expand in the range of 6-6.5 per cent during 2020-21

Govt must support pro-business policies to be a $5-trn economy: Eco Survey

The survey said the exponential rise in India's GDP and GDP per capita post liberalisation coincides with wealth generation in the stock market

Wealth creation to Thalinomics: All you must know about Economic Survey '20

The overarching theme of the Economic Survey 2019-20 is creation of wealth over time and the implementation of policies that act as enablers in creation of this wealth

GDP growth neither over nor underestimated, data woes baseless: Eco Survey

The Economic Survey tabled in Parliament on Friday said the level and growth of a country's GDP informs several critical policy initiatives as it is a barometer of the economy's size and health

Rural students spend more in books, uniform, stationery than urban: Survey

Among those who were enrolled, drop-out rate was as high as 10 per cent at primary level, 17.5 per cent at upper primary/middle, and 19.8 per cent at secondary level, the survey added.

Uptick in retail prices in FY20 mainly on veggies, pulses: Survey

The Economic Survey 2019-20, presented in Parliament by Finance Minister Nirmala Sitharaman stated that inflation has been witnessing moderation since 2014, however, recently there has been an "uptick

Economic Survey: Need to address challenges in farm sector to double income

The food processing sector is growing at an average annual growth rate of more than 5 per cent over the last six years ended 2017-18, it added

Companies' Sensex tenure pared by 80% post liberalisation: Economic Survey

Higher dynamism has helped the emergence of new firms which have challenged the old order, survey notes

Markets cheerful despite slump in GDP growth, Sensex up 7%: Economic Survey

The Indian stock market continues to be upbeat about the country's growth prospects, despite deceleration in GDP growth for the sixth consecutive quarter, the Economic Survey 2019-2020 said, adding that the BSE Sensex has increased 7 per cent till December 2019 over March. "This may also reflect the growing perception of India becoming an attractive destination for investment in the backdrop of a decline in the growth of major economies of the world and continued easing of monetary policy by the US Fed," it said on Friday. "Despite the deceleration in GDP growth for the sixth consecutive quarter, the stock market continues to be upbeat about the country's growth prospects," the Survey said. The net FDI and net Foreign Portfolio Investment (FPI) in first eight months of 2019-20 stood at USD 24.4 billion and USD 12.6 billion respectively, more than the inflows received in the corresponding period of 2018-19, it added. Benchmark indices Nifty50 and S&P BSE Sensex reached record highs

Notable turnaround in mineral production due to policy reforms: Survey

The production of major minerals during 2018-19 has recorded a growth of 25 per cent over previous year in terms of value, it said