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Economic survey 2022-2023 The Economic Survey 2023, which the Finance Minister presented to Parliament, painted a positive picture of the prospects for the Indian economy and declared that the pandemic-related doldrums were ended. India's economic recovery from the epidemic is complete, according to the Economic Survey 2022–23, and economic growth in the range of 6% to 6.8% is predicted for the upcoming fiscal year 2023–24. About the Economy Survey: It offers a thorough assessment of the status of the national economy for the year that is about to end (2022-23) with projections for the next fiscal year, covering everything from infrastructure…
01 February, 2023
Economic Survey
External Trade COVID-19 pandemic led to a sharp decline in global trade, lower commodity prices and tighter external financing conditions with implications for current account balances and currencies of different countries. • India’s forex reserves at an all-time high of US$ 586.1 billion as on January 2021, covering about 18 months’ worth of imports. • India experiencing a Current Account Surplus along with robust capital inflows leading to a BoP surplus since Q4 of FY2019-20 • Balance on the capital account is buttressed by robust FDI and FPI inflows: Net FDI inflows of US$ 27.5 billion during April-October, 2020: 14.8% higher…
10 March, 2021
Economic Survey
Key Highlights of Economic Survey 2020-21 Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman presented the Economic Survey 2020-21 in Parliament today. The key highlights of Economic Survey 2020-21, which is dedicated to the COVID Warriors, are as follows: Saving Lives and Livelihoods amidst a Once-in-a-Century Crisis India focused on saving lives and livelihoods by its willingness to take short-term pain for long-term gain, at the onset of the COVID-19 pandemic Response stemmed from the humane principle that: Human lives lost cannot be brought back GDP growth will recover from the temporary shock caused by the pandemic An…
30 January, 2021
Economic Survey
Economic Survey 2021 The forthcoming Economic Survey will tell us about the state of the economy based on available empirical evidence. The first advance estimates of national income published on January 7 project a contraction of 7.7% for real GDP. The Q2 GDP estimates published by the National Statistical Office, Ministry of Statistics and Programme Implementation (MOSPI) on November 27 had suggested an economic recovery in India. An improvement in the rate of contraction from 23.9% in Q1 to 7.5% in Q2 was seen as the beginning of a sustained recovery. The Ministry of Finance, in its Monthly Economic Review…
28 January, 2021
Economic Survey
Economic Survey on India's economic growth Syllabus subtopic: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Prelims and Mains focus: on the suggestions and observations made in the survey related to India’s economic growth News: The Economic Survey, authored by the Chief Economic Adviser (CEA), said that the government must use its strong mandate to deliver expeditiously on reforms which will enable the economy to strongly rebound in 2020-21. Background Earlier this month, the International Monetary Fund projected India’s growth to accelerate to 5.8% in 2020-21 from the estimated 4.8% in…
01 February, 2020
Economic Survey
Economic Survey on entrepreneurship Syllabus subtopic: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Prelims and Mains focus: on the remarks made in the survey regarding entrepreneurship News: The Economic Survey said that India currently ranks third globally in the number of new firms created with about 1.24 lakh new entities coming up in 2018. Entrepreneurship scenario in India As per the Survey, new firm creation had gone up dramatically since 2014. While the number of new firms in the formal sector grew at a cumulative annual growth rate of…
01 February, 2020
Economic Survey
Economic Survey on Privatisation Syllabus subtopic: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Prelims and Mains focus: about the suggestions/observations made in the survey regarding the disinvestment of CPSEs News: The Economic Survey has aggressively pitched for divestment in public sector undertakings (PSUs) Observations and suggestions made in the survey The government can transfer its stake in listed CPSEs to a separate corporate entity. This entity would be managed by an independent board and would be mandated to divest the government stake in these CPSEs over a period of time.…
01 February, 2020
Economic Survey
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