Economic Survey 2022-23 | Growth dips, public investment stagnant in agriculture sector

Economic Survey 2022-23 | Growth dips, public investment stagnant in agriculture sector

Farmers ride on a cart loaded with grass in a village on the outskirts of Jalandhar, Punjab on January 31, 2023. According the Economic Survey, the performance of the agriculture and allied sector had been buoyant over the past several years due to the measures taken by Centre to augment crop and livestock productivity | … Read more

India to be USD 5 trillion economy by FY2026: CEA Anantha Nageswaran

India to be USD 5 trillion economy by FY2026: CEA Anantha Nageswaran

India has the potential to grow at 6.5-7 per cent and will become a USD 5 trillion economy by 2025-26 and USD 7 trillion by 2030 depending on exchange rate fluctuation, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Tuesday. Indian economy is estimated to touch USD 3.5 trillion mark by March 2023. “Ultimately, … Read more

Global economic factors, recessionary fears in advanced economies led to FPI sell-off: Economic Survey

Global economic factors, recessionary fears in advanced economies led to FPI sell-off: Economic Survey

Global economic factors such as inflationary pressures, monetary tightening by central banks, and recessionary fears in advanced economies exerted pressure on FPIs to sell in Indian markets, Economic Survey 2022-23 said on Tuesday. In addition, investors were sitting on gains from Indian stocks that could be realised to offset losses elsewhere, the survey noted. These … Read more

Economic Survey 2022-23 live updates | India can enhance GDP growth if ‘LIC’ is dismantled, says CEA

Economic Survey 2022-23 live updates | India can enhance GDP growth if ‘LIC’ is dismantled, says CEA

The International Monetary Fund (IMF) on Tuesday said it is expecting some slowdown in the Indian economy next fiscal year and projected the growth to 6.1 % from 6.8% during the current fiscal ending March 31. “Our growth projections actually for India are unchanged from our October Outlook. We have 6.8% growth for this current … Read more

The state of the economy according to Economic Survey 2021-22

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Overall economic activity has recovered to pre-pandemic levels & economy is well-poised for FY23, the survey says. Demand weakness, full recovery in exports, government consumption and gross fixed capital formation. Private consumption still struggling because of the impact of the pandemic Among sectors, services trade, hotels, transport, and communication are still below pre-pandemic levels. Agencies … Read more

Agriculture credit outflow exceeds target, touches Rs 15,75,398 crore: Economic Survey

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The agriculture credit flow for the year 2020-21 stood at Rs 15,75,398 crore against the target of Rs 15,00,000 crore for the year, said The Economic Survey 2022-23. The agriculture credit flow target for 2021-22 has been fixed at Rs 16,50,000 crore, it added. Till September 30, 2021 a sum of Rs 7,36,589.05 crore has … Read more

Nearly 100 cities see improved air quality as govt takes steps to check pollution, says Economic Survey

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About 86 per cent of fund has been allocated for demand incentive so as to create demand for electric vehicles (EVs) in the country, it added. As many as 96 cities across the country have witnessed an improvement in the air quality with the government taking a host of measures, including steps to curtail vehicular … Read more

To achieve $5 trillion GDP by FY25, India needs to spend about $1.4 trillion on infra: Eco Survey

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In order to achieve USD 5 trillion GDP by FY’25, India needs to spend about USD 1.4 trillion over this period on infrastructure, according to the Economic Survey. During financial years 2008-17, India pumped in about USD 1.1 trillion on infrastructure. However, the challenge is to step up infrastructure investment substantially, the Economic Survey 2021-22 … Read more

Nifty bulls back with a bang ahead of Budget: Will the momentum sustain?

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NEW DELHI: Benchmark indices jumped in Monday’s trade, tracking Friday’s rally on Wall Street, even as fear gauge India VIX spiked ahead of Economic Survey later in the day and Union Budget 2022 tomorrow. IT and select financials led the gainers. At 10:23 am, the BSE Sensex was trading 847 points or 1.48 per cent, … Read more

Eyes on GDP forecast by Economic Survey despite recent misses

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The pre-budget Economic Survey, which is tabled in Parliament ahead of the Union Budget to present the state of the economy and suggest policy prescriptions, quite often misses on the GDP forecast, sometimes by a significant margin. This time, Finance Minister Nirmala Sitharaman will table the Economic Survey for 2021-22 in the Lok Sabha on … Read more