Page 27 - Latest Updates on Economic Survey
GDP to be lower at 6.5% in FY17; rebound next fiscal: Survey
Survey's GDP growth figure for FY17 is lower than 7.1% the Central Statistics Office had forecast
Economic Survey projects FY18 GDP growth at 6.75-7.5% post demonetisation
FY17 GDP growth reduced by 25-50 basis points due to note ban
 "Economic Survey projects FY18 GDP growth at 6.75-7.5% post demonetisation")
Market at day's low ahead of Economic Survey; IT stocks extend decline
In the broader market, BSE Midcap and BSE Smallcap indices slipped 0.3% each
 "Market at day's low ahead of Economic Survey; IT stocks extend decline")
Challenges to overcome
Economic Survey lists headwinds Budget will face
Economic Survey: Rich getting richer faster
The richest one per cent of India's population accounted for nine per cent of personal income in 1998 and their share rose to 12.6 per cent by 2012
 "Economic Survey: Rich getting richer faster")
Budget 2016: Economic Survey pegs FY17 GDP growth at 7-7.75%
Says Meeting Fiscal Deficit Target for FY17 challenging
 "Budget 2016: Economic Survey pegs FY17 GDP growth at 7-7.75%")
Young sectors lead, conventional ones drag
31.2 million new telephone connections were added, while share of mining and quarrying fell to 2.1% of GDP
 "Young sectors lead, conventional ones drag")
No big-bang push, existing schemes can still do their bit
Moving away from central schemes, Survey for replacing Soil Health Cards with fertility maps
 "No big-bang push, existing schemes can still do their bit")
Maternal, child health are investment priorities
Quality of education in government schools has to be improved
 "Maternal, child health are investment priorities")
A case against aggressive fiscal consolidation: Sonal Varma
The economic survey broadly appears to support a modest deviation
 "A case against aggressive fiscal consolidation: Sonal Varma")
Financial Sectors: Scope for easing monetary policy
Survey says RBI's stance is 'neutral', not 'accommodative', as the central bank claimed
 "Financial Sectors: Scope for easing monetary policy")
Mobilising funds key to meeting climate change goals
Lack of clarity about how the govt would find the finances to achieve the sustainable development goals
 "Mobilising funds key to meeting climate change goals")
It is possible that we will do better this year, and possible that we won't: Arvind Subramanian
Interview with Chief Economic Advisor
 "It is possible that we will do better this year, and possible that we won't: Arvind Subramanian")
Subsidies: Plug subsidy leaks to help fiscal consolidation
Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16
 "Subsidies: Plug subsidy leaks to help fiscal consolidation")
Jam Trinity: Fertiliser subsidies, within-government transfers fit for DBT
Jan Dhan-Aadhaar-Mobile (JAM) trinity should be expanded
 "Jam Trinity: Fertiliser subsidies, within-government transfers fit for DBT")
Trade: Avoid protectionism amid global turmoil
Need to reduce India's high tariffs in trade agreements
 "Trade: Avoid protectionism amid global turmoil")
Budget 2016: Economic Survey pegs India to grow at 7-7.5% in 2016-17
The Economic Survey, tabled in the Parliament on Friday, projects India to grow 8% in the next couple of years
 "Budget 2016: Economic Survey pegs India to grow at 7-7.5% in 2016-17")
Indian markets resilient despite global volatility: Economic Survey
The Survey also said that the average borrowings by banks have increased significantly in the immediate aftermath of US fed rate hike, resulting in appreciation of the rupee
 "Indian markets resilient despite global volatility: Economic Survey")
Economic Survey: Govt needs to reduce subsidised cylinders to 10
The survey also called for 'aligning taxes and duties on domestic and commercial LPG users'
 "Economic Survey: Govt needs to reduce subsidised cylinders to 10")
Stressed PSBs, corporate houses coming in way of complete recovery: Economic Survey
Banks must value their assets, as far as possible, close to the true value, as the Reserve Bank has been emphasising, the Survey said
 "Stressed PSBs, corporate houses coming in way of complete recovery: Economic Survey")
