Page 19 - Budget 2023 News

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

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

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

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

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

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

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

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

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

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

Political parties seek early end to first half of Budget session: Joshi

Leaders of different political parties on Tuesday urged Lok Sabha Speaker Om Birla to adjourn the first half of the Budget session on February 10 instead of February 13, Pralhad Joshi said

Achievements in renewables strengthened resolve for Net Zero by 2070: Prez

President Droupadi Murmu on Tuesday said India has achieved the target of making 40 per cent of its electricity generation capacity from non-fossil fuel sources

Govt has taken unprecedented decisions for tribals' pride: Prez Murmu

President Droupadi Murmu on Tuesday highlighted various schemes rolled out for the welfare of scheduled tribes and said the government has taken "unprecedented" decisions

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

Economic Survey 2022-23: What does it say about inflation and employment

Economic Survey said that RBI's inflation projections for FY23 are neither too low nor too high

FDI inflows expected to rebound in India on account of high growth: Survey

Foreign direct investment into the country is expected to rebound in the coming months on account of India's high economic growth, and steps to further improve the business environment of India

Social sector sees significant increase in govt spending: Economic Survey

Social sector witnessed a significant increase in government spending, the Economic Survey presented by Finance Minister Nirmala Sitharaman on Tuesday noted

Credit growth likely to be brisk in FY24 if inflation moderates: Survey

Credit growth is likely to be brisk for MSMEs in FY2023-24 provided inflation remains benign and cost of credit is low, said the Economic Survey 2022-23 presented in Parliament on Tuesday

Indian economy to grow 6.5% in FY24; CAD may widen further: Economic Survey

It added that India is third-largest economy in the world in PPP (purchasing power parity) terms and fifth largest in terms of exchange rate

Over 500 mn provided free treatment under Ayushman Bharat Yojana: President

More than 50 crore Indians have been provided free treatment facility under the 'Ayushman Bharat Yojana', President Droupadi Murmu said on Tuesday