Page 4 - Latest Updates on Economic Survey
Green hydrogen crucial for economic development, energy security: Survey
The mission will facilitate demand creation, production, utilisation and export of green hydrogen and mobilisation of over Rs 8 lakh crore of investments by 2030
 "Green hydrogen crucial for economic development, energy security: Survey")
GST led to high tax buoyancy, augurs well for resource mobilisation: Survey
However, the buoyancy improved to 1.1 after the GST implementation on July 1, 2017
 "GST led to high tax buoyancy, augurs well for resource mobilisation: Survey")
Rollout of 5G services can unleash new economic opportunities: Eco Survey
Telecom reforms and clear policy direction led to the spectrum auction of 2022 garnering the highest-ever bids, the survey observed
 "Rollout of 5G services can unleash new economic opportunities: Eco Survey")
Adequate, affordable finance a constraint in climate action: Eco Survey
"India's climate ambitions require resources to be dedicated to the cause of climate change, in addition to, what is needed for the country's development goals," the survey said
 "Adequate, affordable finance a constraint in climate action: Eco Survey")
Enhanced domestic coal production to replace imports: Economic Survey
Coal production in FY23 is likely to increase to 911 million tonne, about 17 per cent higher compared to the previous year
 "Enhanced domestic coal production to replace imports: 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")
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")
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")
Eco Survey LIVE: GDP will rise to 8% if global economy recoups, says CEA
Catch all the latest updates on Economic Survey for 2022-23 and Budget 2023-24 here
 "Eco Survey LIVE: GDP will rise to 8% if global economy recoups, says CEA")
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")
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")
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")
Sensex rises 445 pts from day's low to end flat; Adani FPO fully subscribed
CLOSING BELL: Broader markets, too, remained upbeat throughout the day as Nifty MidCap 100 and Nifty SmallCap 100 outperformed benchmark indices to close up to 2 per cent
 "Sensex rises 445 pts from day's low to end flat; Adani FPO fully subscribed")
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")
