News InSearch

News Trending in Searches, Actress Profile, Movies, WWE, Essays, Hollywood, Bollywood, Cricket

KEY POINTS OF ECONOMIC SURVEY 2018-19 (Brief Summary)

  • Sustained GDP growth 8% need for 5 trillion dollar economy by 2024-25.
  • Survey departs from Anglo-Saxon thinking by view the economy in a vicious cycle that never came in equilibrium.
  • Agenda for social change
  • From ‘Beti Bachao Beti Padhao’ to ‘BADLAV’(Beti Aapki Dhanlaxmi Hai)
  • “Swachh Bharat” to “Sundar Bharat”.
  • “Give It Up” for LPG subsidy to “Think About The Subsidy”.
  • “Tax Evasion” to “Tax Compliance”.
  • Dwarf (less than 100 workers) more than 10 years, accounts for 50% of all organized firms manufacturing by numbers.
  • Data can be created as a public good within a legal framework of data privacy.
  • 100% individual threshold latrine(IHHL) courage to build in 29 states and 7 union territory.
  • India stands 4th wind power, 5th solar power, 5th in renewable power installed capacity.

MACRO VIEW OF SURVEY

  • India is the fastest growing economy in 2018-19.
  • GDP moderated to 6.8% in 2018-19from 7.2% in 2017-18.
  • Current year Indian economy is 6th largest (3 trillion dollars).
  • Inflation contained at 3.4% in 2018-19.
  • Non-performing assets decreased to 10.1% at the end of Dec 2018 from 11.5% at the end of March 2018.
  • Current account deficit is manageable at 2.1% of GDP.
  • Fiscal deficit of central government decline from3.5%of GDP in 2017-18 to 3.4% in 2018-19.
  • India’s SDGs index score ranges between 42 and 69 for states between 57 and 68 for union territories.
  • Kerala and Himachal Pradesh are front runners among 69 states.
  • Chandigarh and Puducherry are front runners (68-65 resp.) among union territories.
  • India’s external debt was 521.1 US dollar billion at the end of Dec 2018, 1.6% lower than at the end of March 2018.
Updated: July 12, 2019 — 7:47 pm
NEWSINSEARCH © 2018 Frontier Theme