Page 3 - Economic Survey

Digitisation, diversification reshaping India's services sector: Eco Survey

The Survey also talked about positive transformations in the regulatory landscape of the service sector which have helped in creating a conducive business environment

Tax policies to play a critical role in tackling 'inequality': Eco Survey

Suggests to resolve transfer pricing matters to sustain foreign investor interest

Eco survey advocates traditional climate plan and 3Rs for net-zero target

Mission LiFE seeks to promote sustainable lifestyles through mindful utilisation of resources, minimisation of waste, and adoption of green choices

Govts should renounce some powers to help improve governance: Eco Survey

The finance ministry's Economic Survey on Monday suggested that governments renounce some of their powers as it would be good for 'both the governed and the governing'. Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-24 a day before the Union Budget in the Lok Sabha. While contemplating the challenges that lie ahead, one should not be daunted because the social and economic transformation of democratic India is a remarkable success story, the document, authored by a team lead by Chief Economic Advisor V Anantha Nageswaran, stated. "We have come a long way. The economy has grown from around USD 288 billion in FY93 (1992-93) to USD 3.6 trillion in FY23," it said. India has generated more growth per dollar of debt than other comparable nations and abject poverty has all but been eliminated. Human development indicators have improved, and more Indians, especially women, are getting educated, the 476-page document said. "However, it would be a missed opportunity --

Private capex picked up in FY24, driving growth: Economic Survey FY24

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

Eco Survey updates: FM Nirmala Sitharaman on Monday presented Economic Survey 2023-24 in Lok Sabha

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

Economic Survey 2023-24, Kanwar Yatra, Union Budget 2024

Private capex in key infra sectors not 'to the extent desired': Eco Survey

International experience shows how initiatives at the sub-national level can facilitate resource mobilisation for infrastructure development, the report noted

GDP growth in FY25 may surpass Economic Survey's prediction: India Inc

Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry, said, "We believe that the growth will be above such conservative estimates as 8 per cent growth is becoming a new normal for India"

Revenue per room up over 150% from FY21, says Economic Survey

Occupancy rates are over 60 per cent for the third year in a row

Economic Survey identifies growth areas for Viksit Bharat: PM Modi

Prime Minister Narendra Modi on Monday said the Economic Survey highlights the prevailing strengths of the economy and identifies areas for further growth and progress as "we move towards building a Viksit Bharat". Finance Minister Nirmala Sitharaman on Monday presented the Economic Survey 2023-24, along with the statistical appendix in the Lok Sabha. The Economic Survey is an annual document presented by the government ahead of the Union Budget to review the state of the economy. The document also provides an overview of the short-to-medium-term prospects of the economy. In a post on X, Modi said, "The Economic Survey highlights the prevailing strengths of our economy and also showcases the outcomes of the various reforms our Government has brought." "It also identifies areas for further growth and progress as we move towards building a Viksit Bharat," the prime minister said.

Key highlights of the Economic Survey 2023-24

Cong calls Eco Survey 'cherry-picked' view, says India in precarious state

The Congress alleged on Monday that the Economic Survey released by the government presented a "cherry-picked" view of the economy and claimed that India is experiencing its "most precarious and difficult" economic situation in many years. Finance Minister Nirmala Sitharaman presented the Economic Survey 2023-24, along with the statistical appendix, in the Lok Sabha on Monday. The Economic Survey is an annual document presented by the government ahead of the Union Budget to review the state of the economy. Congress general secretary in-charge communications Jairam Ramesh said the need of the hour is a right to apprenticeship, protections for gig workers and unorganised sector workers, minimum wage hikes to Rs 400 per day, an end to "tax terrorism" and an expansion of social-protection schemes like the one for anganwadis. "The Economic Survey of 2023-24, released in advance of tomorrow's Budget, must have been a difficult document for the non-biological PM's spin doctors to produce.

AI poses both risks and opportunities for youths, says Economic Survey

Puts onus on pvt sector to make sure jobs aren't replaced but reshaped

19.2 mn foreigners visited India in 2023, up from 1.05 mn in 2021: Govt

A total of 1.92 crore foreign tourists visited India last year, a jump from 10.54 lakh in the pandemic year of 2021, according to the Tourism ministry. Responding to a question in Lok Sabha, Culture and Tourism Minister Gajendra Singh Shekhawat gave data of foreign tourist visits (FTVs) to India from 2021 to 2023. According to the data, 1,92,45,817 foreign tourist visits were recorded in 2023, while the number stood at 85,87,562 in 2022, and 10,54,642 in 2021. Delhi saw a remarkable rise from 1,00,178 FTVs in 2021 to an estimated 18,28,116 FTVs in 2023. Similarly, Goa's foreign tourist arrivals jumped from 22,128 in 2021 to 4,52,692 in 2023. Maharashtra experienced one of the highest increases, with FTVs growing from 1,85,643 in 2021 to an estimated 33,87,739 in 2023. Smaller states and UTs also reported significant growth. The Andaman & Nicobar Islands saw an increase from 1,687 FTVs in 2021 to 9,025 in 2023. Arunachal Pradesh, which had only 182 FTVs in 2021, welcomed 4,496 i

Stressed debt worth Rs 1.25 trillion on NARCL's radar: Economic Survey

Incorporated in 2021, with majority stake held by public sector banks and the balance by private sector banks, NARCL has the mandate to acquire fully provisioned stressed assets from banks

Pvt sector's offering to 'toxic mix of habits' substantial: Eco Survey

The private sector's contribution to the 'toxic mix of habits' like social media, screen time and unhealthy food that can undermine public health, productivity and diminish India's economic potential is substantial, the Economic Survey said on Monday. The survey, tabled by Finance Minister Nirmala Sitharaman in Parliament, also pointed out that 'privileging capital over labour is inimical to long-term corporate growth prospects', referring to reluctance shown by businesses to make investments citing lack of demand visibility. "For India's working-age population to be gainfully employed, they need skills and good health. Social media, screen time, sedentary habits, and unhealthy food are a lethal mix that can undermine public health and productivity and diminish India's economic potential," it said. Further, it said, "The private sector's contribution to this toxic mix of habits is substantial, and that is myopic." Stating that the emerging food consumption habits of Indians are not

Economic Survey: DPI brings down KYC costs to Rs 6 from about Rs 1,000

The disclosure on KYC costs comes as the RBI has been cautious about KYC risks and has emphasised well-defined norms for market players

Decoding the Economic Survey 2024 | Union Budget 2024

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