Kurukshetra | Economic Survey outlines blueprint to achieve Modi's dream of 5 trillion dollar economy
Kurukshetra | July 04, 2019 19:49 ISTEconomic Survey outlines blueprint to achieve Modi's dream of 5 trillion dollar economy
Economic Survey outlines blueprint to achieve Modi's dream of 5 trillion dollar economy
The growth of India's exports of commercial services decelerated in 2018 but remained above the world growth rate, the Economic Survey 2018-19 said. According to the survey, India had experienced a recovery in growth of exports and imports of commercial services during 2015-17, in line with the global recovery in commercial services trade.
India's economic growth will rebound from a five-year low this year, but would need a huge boost in spending and reforms to accelerate higher rate of expansion to double the economy's size to USD 5 trillion by 2024-25, the pre-Budget Economic Survey said Thursday.
The size of Indian economy has grown to USD 2.75 trillion in 2018-19 from USD 1.99 trillion in 2015-16 even as global economy has faltered, according to the Economic Survey 2018-19.
To encourage tax payers, the Economic Survey 2018-19 proposes great rewards for people paying their due tax. The Economic Survey suggests 'diplomatic'-type privileges for top-10 taxpayers in each district.
Projects worth over Rs 2.05 lakh crore are proposed in 100 cities under the Smart Cities Mission and significant progress has been made in terms of implementation of these projects, the Economic Survey 2018-19 said.
India needs to almost double its annual spending on infrastructure at USD 200 billion and the real challenge lies in harnessing private investment, said the Economic Survey 2018-19 tabled in Parliament on Thursday.
Though the incidents of train collision have come down to zero in 2018-19, the Economic Survey Thursday said the occurrence of fire in trains has registered an increase. The incidents of derailment have come down from 78 in 2016-17 to 46 in the last financial year, the Economic Survey 2018-19 said.
#Economy@5trillion: Economic Survey 2018-19 presented today by Finance Minister Nirmala Sitharaman recommends creating a virtuous cycle encompassing private investment, jobs, exports and demand. The Economic Survey lays out PM Modi’s ambitious agenda of taking India’s economy to $5 trillion.
The annual Economic Survey, usually presented a day before the presentation of the annual budget, projects the state of health of the country's economy and outlines the challenges.
A day before the Union Budget, Union Finance Minister Nirmala Sitharaman tabled the Economic Survey in both Houses of Parliament Thursday. The Survey projected the GDP growth for 2019-20 at 7 per cent, up from 6.8 per cent in the previous fiscal.
Ahead of Modi government's maiden Budget in the second term, an economic survey will project the state of health of the country's economy and outlining the challenges. The annual Economic Survey is usually presented a day before the presentation of the annual budget.
Finance Minister Nirmala Sitharaman will hold the annual Economic Survey in the parliament, a day before the presentation of the annual budget.
Budget 2019-20: Finance Minister Nirmala Sitharaman will present the full-year budget for financial year 2019-20 on July 5. This will be the first budget of the Prime Minister Narendra Modi-led National Democratic Alliance (NDA) government after securing a massive mandate in May. The Budget Session began on June 17 and will end on July 26.
Livestock is the only sector that grew by 4 per cent against the target of 3.8 per cent in Pakistan, the survey revealed.
Bihar's growth rate is higher than that of the national average of 7.0 per cent, the 12th Economic Survey of Bihar said.
This comes hours after Finance Minister Arun Jaitley presented the Economic Survey for 2017-18 in Parliament.
CEA said that among the positive lessons of last year was a significant one that related to public attitude and perception.
The colour of this year’s survey cover was chosen as a symbol of support for the growing movement to end violence against women, which spans continents.
Economic Survey for 2017-18 claimed that India could reclaim the tag of world's fastest-growing major economy in the coming year.
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