Economic Survey 2021

Deputy Chief Minister and Finance Minister Ajit Pawar tabled the survey in the state Assembly, while Minister of State for Finance Shambhuraj Desai presented it in the Council.

V-shaped recovery, public spending and more: Snapshots of Economic Survey 2021

The Economic Survey 2020-21, authored by a team led by CEA Krishnamurthy Subramanian, was released on January 29. The document details the state of the economy and reforms that should be undertaken to accelerate growth. Here are some snapshots

Affordable home sales improved since July, reflecting recovery in real estate sector: Economic Survey

On the housing loan front, the survey noted that housing loans growth decelerated to 8.5 percent in November 2020 from 18.3 percent a year ago, the Economic Survey said.

Economic Survey 2021: Access to ‘bare necessities’ in India improved in 2018

Access to basic necessities such as drinking water, sanitation, housing and other facilities across states in India improved in 2018 over 2012. Access to essentials or bare necessities is the highest in Kerala, Punjab, Haryana, and Gujarat, while the lowest in Odisha, Jharkhand, West Bengal, and Tripura.

Explained | What is counter-cyclical fiscal policy that Economic Survey 2021 refers to

Hint: It is connected to public spending.

Economic Survey 2021 spares no punches on Raghuram Rajan’s policies as RBI governor for India’s bad loan woes

Accounting sleight of hand and liberal evergreening allowed during that period only worsened the problems of non-performing assets (NPAs), the Economic Survey 2020-21 points out.

Economic Survey 2021 | Expenditure on social services rises 12% to Rs 17 lakh crore in FY21

At Rs 17.16 lakh crore, the expenditure is 12 percent higher from Rs 15.31 lakh crore (revised estimate) in the financial year 2019-20.

Economic Survey 2020-21: India's services sector posted robust 34% growth in FDI inflows in H1 FY21

India’s services export growth moderated to 2.5 percent in 2019-20 from 6.6 percent in 2018-19 as receipts primarily on account of transportation, insurance and communication services

Economic Survey 2021 | Exports may dip 5.8%, imports by 11.3% in second half of 2020-21

With gradual recovery of economic activities, the survey said that imports and exports have picked up.

Economic Survey 2021: Agriculture sector the silver lining during COVID-19, may grow 3.4% this crop year

The farm laws are “a remedy and not malady” for farmers from various restrictions they faced in marketing their produce, the survey has said.

Economic Survey calls for counter-cyclical fiscal policy, a strategy Indian kings followed

Indian Kings used to build palaces during famines and droughts to provide employment and improve the economic fortunes of the private sector, the Economic Survey 2020-21 noted while stressing that the call for active countercyclical fiscal policy is not a call for fiscal irresponsibility

Economic Survey 2021 | Vocational courses to be rolled out for skill development of school students

The Survey for the financial year ending March said merely 2.4 percent of India’s workforce in the age group of 15-59 years have received formal vocational or technical training, while another 8.9 percent obtained training through informal sources.

From saints to scientists, CEA Krishnamurthy Subramanian digs deep into mankind’s vast knowledge pool in Economic Survey 2021

Krishnamurthy V Subramanian, chief economic adviser (CEA), takes recourse to wisdom spread over millennia from the Upanishads to Aristotle, from Gandhi to Einstein, from Subhashita to Thiruvalluvar and Tagore, to reinforce policy choices.

Economic Survey 2020-21 | Healthcare: A sectoral regulator will do little to solve India’s health problem

The Economic Survey identifies the age-old problems plaguing healthcare, but does not advocate a thrust on ​building health infrastructure

India's April-December fiscal deficit tops 145% of full year target

Net tax receipts were 9.62 trillion rupees, while total expenditure was 22.8 trillion rupees, the data showed.

Economic Survey: COVID-19 forces auto sector out of country’s top 10 exporters’ list

India exports 17-20 percent of its automobile production with Africa, Latin America, Asia and the Middle East among top export destinations

Economic Survey 2021 | Government schemes can help India achieve Sustainable Development Goals by 2030

The Economic Survey 2020-21 also called for increased cohesion between the central and state governments, to achieve the targeted goals through effective implementation of the welfare programmes.

Economic Survey 2021: Tourism in India saw sharp fall in 2020 due to COVID-19

According to Economic Survey 2021, the tourism sector will witness revival with the ongoing vaccination drive.

Economic Survey 2021: Air passenger traffic may reach pre-COVID-19 level by early 2021

From the third-largest domestic aviation market, India is expected to become the third-largest overall by the FY25, the survey has said.

For the Economic Survey, growth is the panacea for a variety of ills

The Survey calls for a higher fiscal deficit, which will lead to higher growth, thereby keeping the debt to GDP ratio down. It says the government shouldn’t bother about what the rating agencies think in this regard. And finally, it says that growth is the best friend of all sections of society, including the poor

Over 40 funded startups working in space segment in India: Economic Survey

The government had opened up the space sector in June 2020 enabling participation from private firms in space initiatives

Economic Survey 2021 slams 'asleep at the wheel' bank boards, auditors for bad-loan mess

The RBI could consider penalising the auditors of banks where ever-greening happens, the survey has said.

Economic Survey 2021 | Policy reforms like relaxation of OSP terms will improve talent access for IT BPM industry

Relaxation in the Other Service Provider (OSP) licence terms would significantly reduce the regulatory compliance on the business process management companies, thereby facilitating work from home for thousands of employees.

Economic Survey 2021 | What the finance ministry thinks about the banking sector

Survey suggests a round of asset quality review once COVID-19 forbearance is withdrawn followed by mandatory capital infusion

Economic Survey 2021 calls for another asset quality review, says forbearance can't stay for long

This statement in the survey is significant since a bad loan clean-up will mean banks will see a sharp spike in bad loans from the current level.