Economic Survey 2019 | The Asian Age

Saturday, Apr 20, 2024 | Last Update : 04:18 AM IST

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According to the economic survey, India's economic growth, which is expected to rebound from a five-year low to 7 per cent this year, now needs to shift gears to accelerate and sustain a higher growth rate to become a USD 5-trillion economy by 2024-25. (Photo: ANI)

Economic Survey: Chidambaram says govt appears to be pessimistic about economy

‘There are no growth projections sector wise,’ P Chidambaram said.

04 Jul 2019 4:12 PM

In order to create a USD 10 trillion economy by 2032, India needs a robust and resilient infrastructure.

Economic Survey: India must spend USD 200 bn on infra annually

As the country has only been able to put USD 100 to 110 billion annually into infrastructure development.

04 Jul 2019 4:11 PM

To reap benefits of demographic dividend, Centre is committed to improving outcomes in education and skilling, and to provide employment and affordable healthcare to all. (Photo: Twitter | @PIB_India)

Economic Survey: India is committed to achieving SDGs, invest in human capital

‘India is committed to achieving these SDGs and a strong social infrastructure is key to achieve them,’ it said.

04 Jul 2019 3:57 PM

The ecosystem for insolvency and bankruptcy is getting systematically built out with recovery and resolution of significant amount of distressed assets.

Economic Survey: Debt recovery strengthened, claims of Rs 1.73 lakh cr settled

The Survey said that IBC has initiated a cultural shift in the dynamics between lender and borrower, promoter and creditor.

04 Jul 2019 3:31 PM

conomic Survey for 2018-19, tabled in Parliament by Finance Minister Nirmala Sitharaman said on Thursday. (Photo: File)

Economic Survey: Retirement age set to rise due to higher life expectancy

The survey pointed out that this will also help plan in advance for pensions and other retirement provisions.

04 Jul 2019 3:27 PM

IMD has predicted the rainfall over the country as a whole is likely to be near normal this year.

Economic Survey: Govt calls for new policies to improve water efficiency in farm sector

The agriculture sector had investment rate much less than half of that of services and industry sectors.

04 Jul 2019 3:23 PM

Total liabilities of the central government at end-March 2019 stood at Rs 84.7 lakh crore of which 90 per cent was public debt. (Photo: Twiter | @PIB_India)

Economic Survey: Centre and states on the path of fiscal consolidation

‘Despite several headwinds, Indian economy is expected to grow at 6.8pc in 2018-19 while maintaining macro-economic stability,’ it said.

04 Jul 2019 3:16 PM

The Government had budgeted to collect Rs 11.50 lakh crore from direct taxes and Rs 7.43 lakh crore from GST in 2018-19.

Economic Survey: GDP ratio dips to 10.9 pc on shortfall in indirect tax revenues

In 2018-19, direct taxes grew by 13.4 per cent owing to improved performance of corporate tax.

04 Jul 2019 3:11 PM

The Economic Survey 2018-19 also says that being a cost-effective long distant transport mode, Railways has witnessed commendable progress. (Photo: ANI)

Economic Survey: Train collision incidents came down to zero in 2018-19

The report also says that the incidents of derailment have decreased from 78 in 2016-17 to 46 in the year 2018-19.

04 Jul 2019 3:08 PM

The CAD, which is the net of foreign exchange inflows and outflows, had stood at USD 48.7 billion in 2017-18.

Economic Survey: Govt may further ease FDI norms to bridge current account deficit

The deficit increased to USD 57.2 billion or 2.1 per cent of gross domestic product (GDP) in 2018-19.

04 Jul 2019 3:02 PM

Along with a link to the document on the Finance Ministry’s website, PM Modi tweeted: 'The #EconomicSurvey2019 outlines a vision to achieve a USD 5 Trillion economy. It also depicts the gains from advancement in the social sector, adoption of technology and energy security. Do read!' (Photo: File)

Economic Survey 2019 outlines vision to achieve USD 5 trillion economy: PM

The tweet came hours after the Economic Survey was presented to Parliament by Finance Minister Nirmala Sitharaman.

04 Jul 2019 2:52 PM

Government is providing foodgrains at a highly subsidised (CIP) rate of Rs 1-3 per kg to more than 80 crore poor people in the country. (Photo: PTI)

Economic Survey: Rationalisation of burgeoning food subsidy bill

Govt had pegged food subsidy bill at Rs 1,84,220 crore for 2019-20 as against Rs 1,71,298 crore last year.

04 Jul 2019 2:16 PM

The survey pointed out that economic policy uncertainty peaked in India during late 2011 and early 2012; and has since been declining with intermittent increases in between. (Photo: File)

Economic Survey: Top policymakers must ensure predictable policy actions

The economic policy uncertainty in the country moved closely in tandem with global uncertainty until 2014.

04 Jul 2019 2:07 PM

The survey said a decline in rural inflation is steeper than that of urban inflation since July 2018, resulting in a decline in headline inflation. (Photo: Twitter | @PIB_India)

Economic Survey: Inflation at low levels in past five years

In April 2019, it stood at 2.9 per cent compared to 4.6 per cent in April 2018.

04 Jul 2019 1:51 PM

It noted that India, through unique identification programme Aadhaar, has been at the forefront of data and technology revolution which is unfolding. (Photo: ANI)

Economic Survey: Data must be 'of the people, by the people, for the people'

Economic Survey for 2018-19 asserted that benefits of creating data as public good can be generated within legal framework of data privacy.

04 Jul 2019 1:40 PM

Former RBI Governor Urjit Patel. (Photo: PTI)

A mess: Patel admits RBI was slow to take timely measures

Patel said an asset quality review for the NBFCs is ‘inevitable’ given their interconnectedness in financial system.

04 Jul 2019 1:37 PM

General government fiscal deficit seen at 5.8 pc in 2018-19, against 6.4 per cent last fiscal.

Economic Survey 2018-19 highlights

India continues to remain the fastest-growing major economy in the world in 2018-19.

04 Jul 2019 1:30 PM

PSBs witnessed improvement during 2018-19 and the gross NPA ratio decreased from 11.5 per cent to 10.1 per cent.

Economic Survey: Banking sector performance improved due to fall in bad loans in 2019

The performance of the banking system has improved as non-performing asset (NPA) ratios declined and credit growth accelerated.

04 Jul 2019 1:06 PM

Economic Survey: GDP growth projected at 7 per cent for 2019-20

The growth projection is higher than a five-year low economic growth of 6.8 per cent for the year ended March 31.

04 Jul 2019 11:47 AM

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Shobhaa De