Page 4 - Latest Updates on Economic Survey
Entirely dismantle licensing, inspection and compliance regime: Eco Survey
The government, however, imparted a new dimension to these reforms in the last eight years
 "Entirely dismantle licensing, inspection and compliance regime: Eco Survey")
Promoting int'l trade in rupee to help reduce currency volatility: Survey
International settlement in rupee acquires significance against the backdrop of the US Federal Reserve aggressively hiking the policy rates and its hawkish stand
 "Promoting int'l trade in rupee to help reduce currency volatility: Survey")
Global economic factors, recessionary fears led to FPI sell-off: Eco Survey
In addition, investors were sitting on gains from Indian stocks that could be realised to offset losses elsewhere, the survey noted
 "Global economic factors, recessionary fears led to FPI sell-off: Eco Survey")
PLI scheme to make Indian firms competitive, attract investment: Survey
The strategy behind the scheme is to offer companies incentives on incremental sales from products manufactured in India, over the base year
 "PLI scheme to make Indian firms competitive, attract investment: Survey")
Finance costs, global demand near-term hurdles for auto sector: Eco Survey
Among structural issues, increase in long-term third-party vehicle insurance premiums has spiked total upfront insurance cost by 10-11%, especially for two-wheelers
 "Finance costs, global demand near-term hurdles for auto sector: Eco Survey")
Demat accounts rise 39% to 106 million in Nov 2022: Economic Survey
Market experts attributed the growth in demat to attractive returns from the equity markets, ease of account opening process and increased financial savings
 "Demat accounts rise 39% to 106 million in Nov 2022: Economic Survey")
India set to become one of fastest growing insurance mkts: Economic Survey
Survey says with Ukraine war weighing on Europe, insurance industry growth in emerging markets is likely to outpace that in the developed markets this year, with emerging Asia in the lead
 "India set to become one of fastest growing insurance mkts: Economic Survey")
Eco Survey paints a bright medium-term outlook after an unpredictable year
It says once the global shocks of the pandemic and 2022's unpleasant spike in commodity prices fade away, the Indian economy is likely to record a faster growth during the rest of this decade
 "Eco Survey paints a bright medium-term outlook after an unpredictable year")
Manufacturing landscape shows uneven growth across categories: Eco Survey
As companies adapt their manufacturing and supply chain strategies to build resilience, India has a unique opportunity to become a global manufacturing hub this decade
 "Manufacturing landscape shows uneven growth across categories: Eco Survey")
Labour markets, employment recover beyond pre-Covid level: Economic Survey
The LFPR for males has gone up to 57.5 per cent in 2020-21, as compared to 55.6 per cent in 2018-19
 "Labour markets, employment recover beyond pre-Covid level: Economic Survey")
Rising domestic demand, capital investment to aid growth in FY24: Survey
A slower growth in economic output coupled with increased uncertainty will dampen trade growth
 "Rising domestic demand, capital investment to aid growth in FY24: Survey")
Highway construction up from 6,061 km in FY16 to 10,457 km in FY22: Survey
In FY23 (until October 2022), a total of 4,060 km of NHs and roads were constructed, which was around 91 per cent of the achievement in the corresponding period of the previous financial year
 "Highway construction up from 6,061 km in FY16 to 10,457 km in FY22: Survey")
Indian factories growing larger, getting clustered: Economic Survey
Number of persons engaged in larger factories was up 13.7 per cent compared to 4.6 per cent in smaller factories
 "Indian factories growing larger, getting clustered: Economic Survey")
Rs 7.3 trn debt settled before initiating insolvency: Economic Survey
However, concerns have lately been raised over declining rates of recovery in comparison to their claims admitted through the IBC mechanism, resulting in large haircuts for lenders
 "Rs 7.3 trn debt settled before initiating insolvency: Economic Survey")
Covid-19 vaccination: India may have won a major battle, says Eco Survey
97% of the country's eligible beneficiaries have been given at least one dose, while 90% have got two doses
 "Covid-19 vaccination: India may have won a major battle, says Eco Survey")
Disinvestment proceeds of Rs 4.07 trn realised in last 9 years: Eco Survey
The Survey said that determined efforts should be taken to make the public sector asset monetisation scheme successful in realising wide-ranging efficiency gains
 "Disinvestment proceeds of Rs 4.07 trn realised in last 9 years: Eco Survey")
EV market likely to cross 10-mn sales mark per annum by 2030: Eco Survey
The pre-Budget document also highlighted that the automobile sector is a key driver of India's economic growth
 "EV market likely to cross 10-mn sales mark per annum by 2030: Eco Survey")
Housing prices beginning to firm up after two-year Covid hiatus: Eco Survey
The release of "pent-up demand" was reflected in the housing market, as demand for housing loans picked up, the Survey noted
 "Housing prices beginning to firm up after two-year Covid hiatus: Eco Survey")
Indian farm sector performed well, but needs re-orientation: Eco Survey
The Survey said this growth is partly attributable to good monsoon years and partly to the various reforms undertaken by the government to enhance agricultural productivity
 "Indian farm sector performed well, but needs re-orientation: Eco Survey")
What does Economic Survey 2022-23 tell us about growth in the coming year?
The Survey, tabled by finance minister Nirmala Sitharaman today, said the economy has recovered from the financial system stress experienced in the second decade of the millennium
 "What does Economic Survey 2022-23 tell us about growth in the coming year?")
