Page 4 - Latest Updates on Economic Survey
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
 "Increased education budget led to rise in enrolment rates: Economic Survey")
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
 "Healthcare has become more affordable and accessible: Eco Survey")
India now among top 25 global defence exporters: Economic Survey 2023-24
Economic Survey 2023-24 says India has gone from being world's second-largest arms importer between 2015 and 2019 to securing a place in the list of the top 25 arms exporter nations
 "India now among top 25 global defence exporters: Economic Survey 2023-24")
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
 "Eco Survey: Quadruple psychiatrists, integrate mental health in schools")
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
 "Green steel to play key role in for low carbon economy: Economic Survey")
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
 "Employment generation is 'real bottom line' for private sector: Eco Survey")
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
 "Remittances to India may grow 3.7% in 2024 to $124 bn: Economic Survey")
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
 "Indian GCCs employed more than 16 lakh people in FY23: Economic Survey")
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
 "Increased FDI inflows from China can help India push exports: Eco Survey")
AI, agro-processing, gig economy with most job potential: Economic Survey
Economic Survey 2023-24: The gig workforce is expected to expand to 23.5 million by 2029-30, forming 6.7% of the non-agricultural workforce, and 4.1% of India's total workforce
 "AI, agro-processing, gig economy with most job potential: Economic Survey")
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
 "Economic Survey calls upon India Inc to step up hiring, compensation")
Tax policies to play a critical role in tackling 'inequality': Eco Survey
Suggests to resolve transfer pricing matters to sustain foreign investor interest
 "Tax policies to play a critical role in tackling 'inequality': Eco Survey")
Economic Survey: What it says on trade, private sector investment and more
The Economic Survey 2024 touched on private sector investment, noting visible green shoots but urging caution. Here's why
 "Economic Survey: What it says on trade, private sector investment and more")
Budget 2024: 80% flexi workers earn Rs 20,000 a month, shows Eco Survey
Budget 2024: India employs nearly 5.4 million formal contract staff or flexi workers through organised contract/temporary staffing companies, according to Economic Survey 2024
 "Budget 2024: 80% flexi workers earn Rs 20,000 a month, shows Eco Survey")
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
 "Primary mkt was robust amidst favourable investment climate: Eco Survey")
117,254 DPIIT-recognised startups created 1.2 mn direct jobs: Eco Survey
Startups soar from 300 to over 100k in 7 years
 "117,254 DPIIT-recognised startups created 1.2 mn direct jobs: Eco Survey")
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)
 "Better utilisation of land will bring fixed cost of production: Survey")
Unique tax payers trading on NSE more than tripled since pandemic
Numbers are 40 per cent lower than the number of overall investor accounts
 "Unique tax payers trading on NSE more than tripled since pandemic")
Apprenticeship framework must provide flexibility in work hours: Eco Survey
Such reform and better compensation will improve employability of vocational students, it says
 "Apprenticeship framework must provide flexibility in work hours: Eco Survey")
