Tag: Economic Survey

Finance Ministry releases “The Indian Economy: A Review – January 2024” instead of ‘Economic Survey 2023-24’ ahead of Interim Budget 2024-25

Every year, a day before the presentation of the budget document, the central government presents an Economic Survey. However, a survey will not be presented on January 31, the budget being of an interim nature and in light of the upcoming elections. A complete budget and the Economic Survey will be presented in July, when the results are declared and a new cabinet is appointed. Chief Economic Adviser V Anantha Nageswaran outlines India’s potential to reach a $7 trillion economy by 2030 in the recently released mini-annual Economic Survey titled ‘The Indian Economy: A Review,’ .

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ECONOMIC SURVEY 2021-22 – Key Highlights

The Economic Survey 2021-22 was tabled in Parliament on Monday by Finance Minister Nirmala Sitharaman soon after the President’s address to both Houses of Parliament. The survey, presented a day before the Union Budget, underlines the state of the economy and outlines suggestions for policy actions.

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Economic Survey predicts V-shaped recovery, sets stage for Union Budget

The government forecast growth of 11 per cent for the fiscal year beginning on April 1 in its annual Economic Survey on Friday, projecting a V-shaped recovery on the back of a coronavirus vaccination drive and a rebound in consumer demand.

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Growth leads to debt sustainability, says Economic Survey

“With the Indian context of potential high growth, the interest rate on debt paid by the Indian government has been less than India’s growth rate by norm, not by exception,” it said.Building a case that growth leads to debt sustainability in an emerging economy like India because of higher gross domestic product and lower interest rates, the Economic Survey 2020-21 said such clarity in direction of causation is not seen for advanced countries with lower growth rates.

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Move beyond Jugaad: Economic Survey calls for more spending on R&D

“Mere reliance on ‘Jugaad innovation’ risks missing the crucial opportunity to innovate our way into the future,” the Survey notes.

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Economic Survey 2020-21: Enhanced trade facilitation a priority to make exports more competitive

Stressing the significance of a resilient logistics sector especially in the backdrop of the Covid-19 pandemic, the Survey noted how such resilience could go a long way in responding to emergencies and supply chain disruptions.
Recognising how trade facilitation is a priority of the Government for cutting down transaction costs and time and rendering Indian exports more competitive, The Economic Survey 2020-21 highlighted the initiatives undertaken by the government to meet this objective.

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Economists divided over Economic Survey’s projections

Economists are divided over the growth projections in the latest Economic Survey, with some saying that the assumptions are realistic while others holding that a big capital expenditure (capex) by the government will be needed to realise the forecasts. Earlier in the day, Chief Economic Adviser K V Subramanian projected an 11 per cent growth…

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Economic Survey lays out the intellectual foundations of India’s Covid response

An important theme of this year’s Economic Survey is about how to make policies and decisions under circumstances of radical uncertainty.
The Survey, therefore, explains India’s ‘barbell’ strategy that combined hedging against worst-case outcomes, on the one hand, with step-by-step responses driven by a Bayesian updating of information on the other. It shows how policies were targeted and sequenced in ways that would maximise bang for the buck.

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Economic Survey 2020-21 Key Highlights: Govt pegs FY22 GDP growth at 11%, FY21 GDP to contract 7.7%

Union Finance Minister Nirmala Sitharaman tabled Economic Survey 2020-21 in the Parliament on January 29, 2021. The survey is generally presented a day before the Union Budget. This year, the survey is being presented earlier because the day-before-budget is a Sunday. The real growth rate for FY21 has been taken as -7.7% (MoSPI) in Economic Survey 2020-21 and real growth rate for FY22 is assumed as 11.5 % based on IMF estimates.
Following the presentation of the Economic Survey in both the houses of the Parliament by Finance Minister Nirmala Sitharaman, Chief Economic Adviser KV Subramanian addressed a press conference in which he introduced the highlights of the annual survey document.

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