Page 13 - Latest Updates on Economic Survey
Top headlines: Eco Survey 2019-20, Wipro's Abidali Neemuchwala steps down
Economic Survey for 2019-20 was tabled in Parliament on Friday and projected the country's gross domestic product (GDP) to grow between 6 - 6.5 per cent in financial 2020-21 (FY21)
 "Top headlines: Eco Survey 2019-20, Wipro's Abidali Neemuchwala steps down")
Economic Survey: New firm creation higher in services sector than mfg, agri
The survey also said that there is a need to invest in ramping up India's statistical infrastructure. It also said that India has made impressive improvements in several social development indicators
 "Economic Survey: New firm creation higher in services sector than mfg, agri")
Pvt sector share in National Infra Pipeline to hit 30% by 2025: Eco Survey
Two-thirds of the pipeline is already firmed up; projects of certain states likely to be added to in due course
 "Pvt sector share in National Infra Pipeline to hit 30% by 2025: Eco Survey")
Economic Survey: Sales of over 1.7k mfg firms contracted by 7.7% in Q2
Net profit for the manufacturing sector contracted in Q1 (June quarter) of 2019-20, mainly due to a production slowdown, it added
 "Economic Survey: Sales of over 1.7k mfg firms contracted by 7.7% in Q2")
Eco Survey flags disproportionate dwarfism of banks, calls to be efficient
The Economic Survey 2019-20 tabled in Parliament by Finance Minister Nirmala Sitharaman noted that despite nationalisation a significant portion of the poor remained unbanked till 2014
 "Eco Survey flags disproportionate dwarfism of banks, calls to be efficient")
Stubble burning, construction waste still a major concern: Economic Survey
About 178 million tonnes of surplus crop residues are available in the country. Burning of these residues leads to rise in pollutant levels and deterioration of air quality
 "Stubble burning, construction waste still a major concern: Economic Survey")
Govt must support pro-business policies to be a $5-trn economy: Eco Survey
The survey said the exponential rise in India's GDP and GDP per capita post liberalisation coincides with wealth generation in the stock market
 "Govt must support pro-business policies to be a $5-trn economy: Eco Survey")
Eco Survey sees growth at 6.5% in FY21, calls for easing of deficit target
For the current fiscal, it projected a GDP growth of 5 per cent, the lowest in 11 years, and worsening job prospects
 "Eco Survey sees growth at 6.5% in FY21, calls for easing of deficit target")
Economic Survey launches 'Health Score' to detect liquidity issues in NBFCs
A sudden payment default without any prior warning by Infrastructure Leasing and Financial Services (IL&FS) in August 2018 had triggered panic and caused liquidity crisis in the NBFC sector
 "Economic Survey launches 'Health Score' to detect liquidity issues in NBFCs")
Companies' Sensex tenure pared by 80% post liberalisation: Economic Survey
Higher dynamism has helped the emergence of new firms which have challenged the old order, survey notes
 "Companies' Sensex tenure pared by 80% post liberalisation: Economic Survey")
Economic survey: Slowdown bottomed out, uptick from here onwards, says CEA
The Economic Survey 2019-20, prepared by a team lead by Subramanian, has projected the GDP to expand in the range of 6-6.5 per cent during 2020-21
 "Economic survey: Slowdown bottomed out, uptick from here onwards, says CEA")
India must focus on network products to export like China: Economic Survey
Among the major Asian countries, India and Indonesia are the only ones with a trade deficit in such products
 "India must focus on network products to export like China: Economic Survey")
Economic Survey: Need to address challenges in farm sector to double income
The food processing sector is growing at an average annual growth rate of more than 5 per cent over the last six years ended 2017-18, it added
 "Economic Survey: Need to address challenges in farm sector to double income")
India forecasts faster economic growth, warns of fiscal challenge
The government estimates GDP will grow 5% this fiscal year, which ends on March 31. That would be the slowest growth since the global financial crisis of 2008-09
 "India forecasts faster economic growth, warns of fiscal challenge")
Economic Survey: 5,151 smart city projects at various levels of execution
On Pradhan Mantri Awas Yojna-Urban (PMAY-U) programme, the Survey said the scheme was launched in June, 2015 to provide "pucca" house with basic amenities to all eligible urban poor
 "Economic Survey: 5,151 smart city projects at various levels of execution")
Economic Survey 2020: Need to address rising food bill, revisit PDS rates
The food subsidy bill has increased from Rs 1,13,171.2 crore in 2014-15 to Rs 1,71,127.5 crore in 2018-19, it said adding that the reasons for widening of the food subsidy have been many
 "Economic Survey 2020: Need to address rising food bill, revisit PDS rates")
Markets cheerful despite slump in GDP growth, Sensex up 7%: Economic Survey
Benchmark indices Nifty50 and S&P BSE Sensex reached record highs during 2019-20 (up to January 16, 2020).
 "Markets cheerful despite slump in GDP growth, Sensex up 7%: Economic Survey")
Uptick in retail prices in FY20 mainly on veggies, pulses: Survey
The Economic Survey 2019-20, presented in Parliament by Finance Minister Nirmala Sitharaman stated that inflation has been witnessing moderation since 2014, however, recently there has been an "uptick
Rural students spend more in books, uniform, stationery than urban: Survey
Among those who were enrolled, drop-out rate was as high as 10 per cent at primary level, 17.5 per cent at upper primary/middle, and 19.8 per cent at secondary level, the survey added.
 "Rural students spend more in books, uniform, stationery than urban: Survey")
Notable turnaround in mineral production due to policy reforms: Survey
The production of major minerals during 2018-19 has recorded a growth of 25 per cent over previous year in terms of value, it said
 "Notable turnaround in mineral production due to policy reforms: Survey")
