Page 25 - Indian Economy

Various indicators of employment bounced back: Economic Survey

The Economic Survey 2021-22 which was tabled in the Parliament on Monday by the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman has analysed trends in the labour market

States charge up for a data centre boom as global majors bet big on India

An inevitable rise in land prices in such areas is also a cause for concern

Economic Survey 2021-22: India's agile fiscal policy response

The changing emphasis on capital expenditure throughout this period reflects a quick responsive fiscal policy

Economic Survey: Strong rebound in revenues ensures enough fiscal space

The strong revival in government revenues means the government has enough fiscal space to provide additional support to boost growth momentum, the Economic Survey said

For gig workers, labour rights and benefits remain elusive in India

Workers are looking to the Budget to ensure that the promises made to protect their labour rights are finally implemented

At 6.6%, India's GDP contracted less than projected in FY21: NSO data

FY22 growth may NOW dip to 8.8% vs 9.2% estimated earlier; core growth across eight sectors clocks 8.4%

Economic Survey estimates conservative, says CEA V Anantha Nageswaran

V Anantha Nageswaran said that the financial year 2022-23 (FY23) growth projections in the Economic Survey of 2021-22 are conservative compared to other agencies

Govts can't create jobs

The less they focus on employment creation, the better it may be for the economy

Economic Survey 2021-22: Hindi Belt gets brighter in a decade

Night light data shows more electrification in northern and middle parts of the country

Banks' non-food credit grows to 9.3% in December, shows RBI data

Banks' non-food credit accelerated to 9.3 per cent in December from 6.6 per cent in the same period of the last year, according to the latest data from the RBI

Economic Survey showcases development using satellite, geo-spatial images

The Economic Survey has used a mix of satellite imagery, geospatial data and cartographic techniques to showcase the country's development and urbanisation over the years

Economic Survey: Road network increased substantially in current FY

The road network in the country has increased substantially in the current fiscal compared to previous years, the Economic Survey 2021-22 said.

Core sector output up 3.8% in Dec 2021

Barring crude oil and steel, all sectors recorded positive growth in December 2021

Economic Survey: Housing prices hiked in some cities even during Covid wave

While house transactions mostly declined during the Covid-19 shocks, their prices did not fall in most of the selected cities, some even increased, as per Economic Survey 2021-22.

Govt revises FY21 GDP growth to -6.6% from -7.3% earlier

As per the provisional estimates released in May 2021, the GDP had contracted by 7.3% in 2020-21

FM Nirmala Sitharaman to boost budget spending to support eco growth

Finance Minister Nirmala Sitharaman is likely to strike a fine balance between being fiscally prudent and growth supportive when she presents her fourth straight budget on Tuesday

Govt to take balanced view on cryptocurrency, says PEA Sanjeev Sanyal

The government will take a balanced view on the issue of regulation of cryptocurrencies as they have implications on the country's financial stability, Principal Economic Adviser Sanjeev Sanyal said.

Economic Survey propagates policy agility amid pandemic-induced uncertainty

Highlights govt's 'Barbell Strategy' to offer a bouquet of safety-nets to cushion impact on vulnerable sections/business, with a flexible response that uses feedback-loops with real-time adjustments

Economic Survey: Trajectory of tourism remains uncertain due to Omicron

The trajectory of the tourism sector, especially international tourism, remains uncertain due to the spread of the Omicron variant of COVID-19, according to Economic Survey 2021-22. The pandemic has had a debilitating impact on world travel and tourism everywhere, including India, and the resumption of international tourism will continue to depend largely on a coordinated response among countries, said the Survey. Nations will need to coordinate in terms of travel restrictions, harmonised safety and hygiene protocols and effective communication to help restore consumer confidence. "At the time of writing, new restrictions were being introduced worldwide due to the spread of the Omicron variant of the COVID-19. Thus, the trajectory of the tourism sector, especially international tourism remains uncertain," according to the pre-Budget document tabled in Parliament by Finance Minister Nirmala Sitharaman on Monday. Citing the World Tourism Barometer of the United Nations World Tourism

Economy Survey: Resilient agriculture sector growth at 3.9% in 2021-22

Agriculture and the allied sector proved to be the most resilient to the Covid-19 shock as it registered a growth of 3.6 per cent in 2020-21 and improved to 3.9 per cent in 2021-22