Page 6 - Economic Survey

Short-term inflation outlook benign, normal monsoon expected: Eco Survey

The short-term inflation outlook for India is benign, and the expectation of a normal monsoon and moderating global prices of key imported items give credence to the projections made by the RBI and IMF, the Economic Survey said on Monday. However, to ensure long-term policy stability, the Survey 2023-24 suggested making focused efforts to increase the production of major oilseeds, expanding the area under pulses, and assess the progress in developing modern storage facilities for specific crops. The Economic Survey 2023-24, tabled in Parliament by Finance Minister Nirmala Sitharaman, also suggested linking of price monitoring data for essential food items collected by different departments to help monitor and quantify the build-up of prices at each stage from the farm gate to the final consumer. "The ongoing efforts to construct the producer price index for goods and services may be expedited to have a greater grasp of episodes of cost-push inflation," said the Survey authored by a

Rising obesity a concern, healthier lifestyle must: Economic Survey

Raising concerns over growing obesity and increase of consumption of highly processed foods laden with sugars and fat, the Economic Survey said 54 per cent of the total disease burden in India is due to unhealthy diets. Obesity presents a "concerning situation" and preventive measures must be taken to enable citizens to have a healthier lifestyle, it said. "Obesity is emerging as a serious concern among India's adult population," said the Survey, which was tabled on Monday by Finance Minister Nirmala Sitharaman in Parliament. If India needs to "reap the gains of its demographic dividend, it is critical that its population's health parameters transition towards a balanced and diverse diet", it said. Citing a report from the Indian Council for Medical Research, the Economic Survey observed that the rise in consumption of highly processed foods laden with sugars and fat, coupled with reduced physical activity and limited access to diverse foods, exacerbate micronutrient deficiencies a

PLI for auto sector sees investment proposals worth Rs 67K cr: Eco Survey

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

Monsoon session begins: PM Modi's address, economic survey; what to expect

The 22-day long Monsoon session is anticipated to have 16 sittings and tentatively conclude on August 12, with a focus on financial businesses related to the Budget

India needs to add 7.85 million jobs every year till 2030: Economic Survey

Manufacturing sector witnessed subdued employment growth in the past decade due to issues like bad loans, says Economic Survey 2023-24

Indian economy expected to grow 6.5-7% in 2024-25: Economic Survey

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'

Economic Survey calls for identifying regulatory gaps in fintech sector

Sector move towards data-based lending instead of 'judgement-based lending', it says

Union Budget 2024: The significance of the Economic Survey explained

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

Finance Minister to table Economic Survey on Day 1 of Budget session today

The Economic Survey of India 2023-24, along with a statistical appendix, will be laid on the table of the Houses of Parliament on Monday. The Budget for the Union Territory of J&K on 23 July.

Pakistan's donkey population rises to 5.9 million in FY23-24: Survey

Pakistan's population of donkeys has increased by 1.72 per cent to reach 5.9 million during the fiscal year 2023-24, according to the latest official data on the livestock in the agrarian country. The Pakistan Economic Survey (PES) 2023-24, which highlights the key economic achievements in the outgoing fiscal year, was launched on Tuesday. It showed the donkey population has been increasing. The data shows that the population of the "beasts of burden" was 5.5 million in 2019-2020, 5.6 million in 2020-21, 5.7 million in 2021-22, and 5.8 million in 2022-23, while it jumped to 5.9 million in 2023-24. However, horses and mules, the close cousins of donkeys, were less fortunate, and there has been no change in their numbers for the last five years, which remained at 0.4 million and 0.2 million, respectively. Donkeys may be the last hope for many Pakistanis, especially those living in the countryside, where the rural economy is closely associated with the animals. The survey unveiled by

Pakistan missed GDP growth target; achieves 2.38% in FY24: Economic Survey

Pakistan has missed the growth target for the financial year 2023-24 and achieved 2.38 per cent GDP growth against the target of 3.5 per cent, the cash-strapped government acknowledged on Tuesday. The Economic Survey of Pakistan 2023-24, a pre-budget document detailing the country's major socio-economic achievements during the outgoing fiscal year, was launched by Finance Minister Muhammad Aurangzeb at a press conference. The real GDP posted a growth of 2.38 per cent in FY 2024, showed the document, adding that due to prudent policy management and the gradual economic recovery, the negative growth in FY 2023 turned to positive in FY 2024. The growth remained below the estimated target of 3.5 per cent for the outgoing year and the government failed to achieve it, mainly due to underperformance of industries and services sectors. The minister said that agriculture outperformed every other sector by posting 6.25 per cent growth against a target of 3.5 per cent. However, the industria

Consumer confidence for year ahead improves further: RBI survey

Households' sentiments on the general economic situation and employment prospects recorded notable improvements for both the current period as well as the upcoming year

'Avg daily passengers count in DTC buses yet to reach pre-Covid levels'

The average daily count of passengers travelling in DTC buses declined from 33.31 lakh in 2019-20 to 25.02 lakh in 2022-23, while the corresponding figure for cluster buses fell from 17.71 lakh to 16.39 lakh, according to the Delhi Economic Survey 2023-24. Finance Minister Atishi presented the Economic Survey in the Delhi Assembly on Friday. According to the survey, the average daily passenger count in Delhi Transport Corporation (DTC) and cluster buses is yet to reach pre-pandemic figures. The report showed that while the bus fleet in DTC has declined from 3,951 in 2017-18 to 3,937 in 2022-23, the cluster bus fleet has grown from 1,744 to 3,293. According to the Economic Survey, the average daily number of passengers travelling in DTC buses stood at 29.86 lakh in 2017-18. It rose to 30.15 lakh in the next financial year and then to 33.31 lakh in the 2019-20 fiscal. However, due to the COVID-19 pandemic and the restrictions imposed due to it, the figures fell to 12.24 lakh in 2020-

11 structural medical facilities under construction in Delhi: Survey

Eleven structural medical facilities, including new hospitals, are under construction at present in the national capital, while several other existing hospitals are also being upgraded with more infrastructure, according to the latest Delhi Economic Survey. A report on the survey was presented by Delhi Finance Minister Atishi in the Assembly on Friday. It also said that during the current fiscal year, 7,493 dengue cases were reported in Delhi till November 25 and a total of seven dengue deaths have been reported during the same period. The survey shared data on birth and death rates as well. The birth rate in Delhi had increased to 14.24 per thousand of population during 2022 as against 13.13 for the year 2021. The death rate per thousand of population had declined to 6.07 during 2022 as against 8.28 in 2021. As on March 31, 2023, the Delhi government is providing preventive, promotive and curative health care services to the citizens of Delhi through 38 multispecialty and super ..

200 times increase in dog bite incidents in Bihar: Economic Survey

Bihar has witnessed a more than 200 times increase in dog bite cases compared with the previous year, according to data released by the state's latest economic survey. The Bihar Economic Survey (2023-24) released by the state government has identified dog bite as the most prevalent disease in the state. According to the report, a total of 2,07,181 people suffered dog bite in the year 2022-23 whereas the total number was just 9,809 in the year 2021-22. Analysis of the data reveals that on average 600 people become victim of dog bite in Bihar every day. The second most prevalent disease, as per the report, was cases of malaria in the state. The state witnessed 45,532 cases of malaria in 2022-23, the report said. The report, however, did not mention the number of rabies cases usually transmitted by a bite from an infected animal, including dogs. According to the World Health Organisation report, "Dogs are the main source of human rabies deaths, contributing up to 99 per cent of all .

Union Budget 2024: What is Economic Survey and why is it important?

Unlike every year, the Economic Survey will not be presented on January 31, a day before the Budget 2024 presentation

Economic prospects

Interventions needed to support long-term growth

Union Budget 2024: What is Economic Survey and why it is important

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

'Micro-firms' could be holding back women from finding employment: Study

Research finds that increasing company size directly increases female participation in the workforce and amending labour laws and policies can help improve gender inclusivity

Finance ministry's May economic report may be FY23 Eco Survey update

It could be the first time that CEA would use MER to give a detailed analysis of last FY