The government's annual Economic Survey on Friday strongly defended new farm laws
The survey came down hard on sovereign credit ratings
India's economy, as per the Economic Survey, could contract 7.7 per cent in FY21, pulled down mainly by the Covid-19 pandemic and the ensuing nationwide lockdown to contain the spread of the disease
The Economic Survey 2020-21, authored by CEO K Subramanian, has pegged India's GDP contraction in FY21 at 7.7 per cent, and real GDP growth in FY22 at 11%. Hefre are both volumes of the document
The Indian economy, which the International Monetary Fund singled out as a global bright spot only a few years ago, is set to contract 7.7% in the current fiscal year
he Economic Survey is authored by Chief Economic Adviser (CEA) Krishnamurthy Subramanian and his team. In his first Survey in 2019, Subramanian had set an agenda of achieving 8% sustained GDP growth
Both the benchmarks have erased around 5 per cent during the week
BUDGET SESSION 2021 LIVE UPDATES: Finance Minister Nirmala Sitharaman tabled Economic Survey today. Stay tuned for LIVE updates on Budget session of the Parliament
Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark
The annual report should present the opinion of the government as seen from the finance ministry.
One argument that is cited against UBI is that it may generate laziness. The experiment is Kenya, quoted by Abhijit Banerjee and Bardhan, shows that it does not
Gross direct tax collection stood at Rs 41,556 crore in April, as against Rs 43,950 crore in the corresponding period last year
The direct tax proposals aim to accelerate economic momentum and ease of living for taxpayers, though the key will lie in smooth administration
The Centre's commitment to reduce harassment of a sound taxpayer reaffirmed
The Survey noted that about 1,290 projects worth Rs 22,569 crores have been completed and are operational
The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha
The affordability index has been constructed using the annual earnings of an average industrial worker
A 10% hike in new firm creation increases district-level GDP growth by 1.8%
There have been similar criticisms of the methodology by other experts as well
The Survey forecast appears to be on a higher side, which could be aspirational and depends on the Budget proposals.