Page 14 - Economic Survey

Economic Survey: Priority to poor, marginalised, says President Kovind

Says the Centre's policies are 'collective vision of 1.3 billion people'

No self-congratulation

Economic Survey wrestles with growth impact of pandemic

Economic Survey 2021-22: Hindi Belt gets brighter in a decade

Night light data shows more electrification in northern and middle parts of the country

Economic Survey revealed Modi govt's 'gross mismanagement' of economy: Cong

The 2022 Economic Survey has revealed the intrinsic weakness of the economy and the Narendra Modi government's "gross mismanagement" on this front, the Congress said

Economic Survey showcases development using satellite, geo-spatial images

The Economic Survey has used a mix of satellite imagery, geospatial data and cartographic techniques to showcase the country's development and urbanisation over the years

Eco Survey: Share of start-ups in patent applications rise over 5x in 5 yrs

In 2019-20, the share of start-ups in total patents filed was 3.3%; share in total patents granted was 0.51%

Economic Survey: Road network increased substantially in current FY

The road network in the country has increased substantially in the current fiscal compared to previous years, the Economic Survey 2021-22 said.

Abatement of Covid to kick in virtuous investment cycle, generate jobs: CEA

V Anantha Nageswaran said the construction sector is beginning to revive and that's one of the highest employers in the country

Eco Survey: Employment indicators show revival after first phase of Covid

The Economic Survey said that because of the pandemic and the nationwide lockdowns the unemployment rate for the urban sector rose to 20.8 per cent in the country in the first quarter of 2020-21

Eco Survey: Railways' freight service increased, passenger revenue dipped

The Railways has also given priority to passenger safety; the number of consequential train accidents came down from 59 in 2018-19 to 55 in 2019-20 (pre-Covid) and further to 22 in in 2020-21

Economic Survey: Renewable energy account for 10% of electricity generation

The share of renewable energy in installed capacity is 22%

Economic Survey GDP forecast of 8-8.5% optimistic, say experts

CII Director General Chandrajit Banerjee said the Economic Survey's GDP growth forecast will catapult India as the fastest growing major economy of the world for two consecutive years

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 .