Pre-Budget Economic Survey

Finance Minister Nirmala Sitharaman will present her eighth consecutive budget today. This will also be the second budget under the third term of the Modi administration

It discussed the medium- to long-term challenges in detail, which should guide policymaking

Private gross fixed capital formation must accelerate in machinery, equipment, intellectual property products to create quality jobs

Economic Survey 2024 LIVE news: The Economic Survey stated that short-term inflation outlook benign, but India faces persistent deficit in pulses

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

Stock Market Highlights on July 22: In the broader markets, the BSE MidCap, and SmallCap indices snapped their two-day losing run to settle 1.3 per cent and 0.85 per cent higher, respectively

The Economic Survey revealed an overall positive report and outlook of key sectors, noting that the uncertain global climate may hamper economic growth going ahead

Chief Economic Advisor V Anantha Nageswaran has called for a pan-India dialogue on the agriculture sector, highlighting the need for policy re-orientation despite existing subsidies and support measures. In the preface to the Economic Survey 2023-24, Nageswaran noted that while the government provides substantial support to farmers through subsidies on water, electricity, and fertilizers, along with income tax exemptions and minimum support prices, there is room for improvement in policy implementation. "A case can be made that they (farmers) can be served better with some re-orientation of existing and new policies," the CEA stated. The survey pointed out that current policies, implemented by both national and sub-national governments, often work at cross-purposes, leading to unintended consequences. These include soil fertility degradation, groundwater depletion, environmental pollution, and nutritional imbalances in crop production and dietary habits. Nageswaran emphasised the .

The production linked incentive scheme (PLI) for automobile and auto components has so far attracted a proposed investment of Rs 67,690 crore, said Economic Survey 2023-24 tabled in Parliament on Monday. A capital of Rs 14,043 crore has been invested till end-March 2024, it stated. Applicants have proposed employment generation of 1.48 lakh, against which 28,884 of jobs have been generated till March 31, 2024, the Economic Surevy 2023-24 stated. So far 85 applicants have got approval under the scheme, it noted. The PLI scheme for automobile and auto components has a budgetary outlay of Rs 25,938 crore from FY23 to FY27. The scheme has been sub-divided into champion OEM incentive scheme and component champion incentive scheme. Besides, the government has approved the National Programme on Advanced Chemistry Cell (ACC) Battery Storage in May 2021 with a budgetary outlay of Rs 18,100 crore. The growth in the value of domestic production and consumption of automotive parts moderate

The predictions being lower than RBI's 7.2 per cent, Survey said it was 'cognizant' of the fact that 'market expectations are on the higher side'

The Economic Survey 2024, to be presented today, will evaluate India's economic recovery, growth potential, and address key challenges, setting the stage for budgetary decisions and fiscal policies

Budget 2024: The Economic Survey is the official report card of the country's economy and is tabled in Parliament by the finance minister a day before the presentation of the Budget

The responsible revenue and expenditure projections are to be lauded, but efforts on trade and fiscal targets fall short

Catch all the latest Budget 2023-24 news and updates here

Catch all the latest updates on Economic Survey for 2022-23 and Budget 2023-24 here

Vision document in July to provide road map for next 3-5 years as well as for 'Amrit Kaal'

A pre-budget expectations survey showed increasing demand for making investments more attractive in the pharmaceutical industry.

Many of their ideas, such as DBT, diesel deregulation, bad bank, flexible inflation targeting have been launched, some of them partially; others such as UBI, printing more money haven't taken off

The revised fiscal glide path, as per the Survey released on Thursday, envisages achieving fiscal deficit of 3 per cent of GDP by FY 2020-21

To push the agenda for resource efficiency, the Survey has asked for the formulation of a national policy on the same