Start-up culture has taken deep roots in India: Over 90,000 tech firms were founded in the last 10 years across 700 towns. But less than a tenth of them received any seed funding
Larsen & Toubro’s Shankar Raman says dispute resolution will be a factor in the infrastructure sector’s progress
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Sanyal has said the 8-8.5 percent GDP growth forecast for the next financial year is based on the assumption that 'there will no more debilitating pandemic related economic disruption, a normal monsoon, and average global oil prices in the range of $70-75,'. The government has also factored in a significant withdrawal of global liquidity, and global supply chain disruptions easing over time into the calculations.
The Economic Survey said that the higher capital expenditure with a focus on infrastructure spending in 2021-22 budget estimate will have a multiplier effect on the ongoing economic recovery.
So far, central public enterprises have referred 3,400 acres of land and other non-core assets for monetisation to NLMC, the survey said.
The coronavirus pandemic has had a significant impact on the education system, affecting lakhs of schools and colleges across India, the survey has said
India will need to be wary of imported inflation, especially from elevated energy prices, and likely withdrawal of liquidity by major central banks, the survey warns
The Economic Survey documents included an entire chapter on ‘Sustainable Development and Climate Change’, indicating how the government is prioritising the agenda.
Finance Minister Nirmala Sitharaman has presented the Economic Survey that details the state of the economy. It projects an 8-8.5 percent growth rate for the Indian economy in 2022-23 fiscal year. Latha Venkatesh joins Karunya Rao to help understand the nuances of the survey and to tell us what to expect from the Union Budget tomorrow.
Budget 2022: “Tomorrow’s #Budget2022 explained,” Harsh Goenka tweeted, sharing the clip.
At 413 pages, the latest edition of the Economic Survey is significantly smaller than last year's.
Education allocation by both the Centre and states remained static at 3.1 percent of the GDP, while health expenditure went up to 2.1 percent from 1.8 percent in the year-ago period
Inflation of the sub-group has risen sharply since mid-2019; remained in double digits since April 2020 and witnessed a further uptrend in 2021-22, said the Economic Survey 2021-22.
The survey says the Air India handover, coupled with a boost to digital infrastructure and structural reforms in telecommunications, will have a positive impact on the pace of recovery of the Indian aviation sector
Between two COVID-19 waves, from June 2020 to April 2021, housing transactions recovered swiftly, as quarterly purchases crossed even the pre-pandemic levels for all the selected cities
In April-December 2021, inflation in ‘fuel and light’ and ‘transport and communication’ was mostly driven by high international crude oil, petroleum product prices, and higher taxes.
Economic Survey 2022: During April- November 2021 Indian railways carried over 185.1 crore domestic passengers, and the rail passenger traffic is still below the pre-pandemic level, noted the Economic Survey.
The Economic Survey said average daily vaccination rose from 19.3 lakh in May to 75.4 lakh on January 16.
In June 2020, the government opened up the space sector enabling the participation of private firms in the entire gamut of space activities.
Economic Survey 2022: The travel restrictions in the early half of 2020-21 had halted the movement of Indian airlines and railways leading to a sharp fall in air and rail passenger traffic
IT-BPM exports stood at $146.3 billion in FY20 and $149 billion in FY21. Indian IT-BPM services generated $194 billion in revenue, up 2.26 percent year-on-year, in 2020-21. The sector also added 1.38 lakh employees during the quarter, according to the Economic Survey 2021-22.
The latest EPFO data suggests significant acceleration in formalisation of the job market during 2021, with 13.95 lakh net addition to EPF subscribers in November 2021, says the survey
The government's total capital expenditure rose to Rs 2.74 lakh crore in Apr-Nov 2021-22 as compared to Rs 2.41 lakh crore a year ago.
Mahastrashtra has more registered startups than any other state in the country