Search Result for : Economic Survey

Aamir H Kaki Senior Congress leader and former Finance Minister P Chidambaram said on Tuesday that the Economic Survey was an ‘utter confession’ that the current government under Prime Minister Narendra Modi, in the last four years, has failed to deal with three major issues of employment, education and agriculture. He was speaking at a panel discussion after release of his book, Speaking Truth to Power - a collection of his columns in The Indian Express published by Rupa Publications. The book was released by former President Pranab Mukherjee. Member of Parliament Shashi Tharoor, former Deputy Chairman of the Planning Commission Montek Singh Ahluwalia, senior journalist Shekhar Gupta also participated in the panel discussion. The session was moderated by journalist and television personality Nidhi Razdan. Chidambaram disputed the ...

The Dollar Business Bureau India’s services sector registered a robust export growth of 16.2% during the first six months of the current fiscal while the import of services into the country were increased by 17.4% during the period, according to the Economic Survey 2017-18. “During the period April-September 2017-18, growth in services exports and services imports were robust at 16.2% and 17.4%, respectively, said the Survey tabled in the Parliament on Monday by Finance Minister Arun Jaitley. In 2016-17, the exports from the sector recorded a growth of 5.7%. “India remained the eighth largest exporter in commercial services in the world in 2016 with a share of 3.4%. This is double the share of India’s merchandise exports in the world at 1.7%, the Survey ...

The Dollar Business Bureau India’s gross domestic product (GDP) is estimated to grow at 7%-7.5% in the 2018-19 fiscal, with exports set to rebound, according to the Economic Survey tabled in parliament by Finance Minister Arun Jaitley on Monday. “A series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75% this fiscal and will rise to 7 to 7.5% in 2018-19, thereby re-instating India as the world’s fastest growing major economy,” the Survey stated. The reform measures undertaken in 2017-18 can be strengthened further in 2018-19, it added. The Survey highlighted that due to the implementation of Goods and Services Tax (GST), resolution of the long-festering Twin Balance Sheet (TBS) problem by sending the major stressed companies ...

By Abin Daya The second volume of the Economic Survey for FY 2016-17 was released on Aug 14, and it paints a not so rosy picture of the economy. The Survey says that achieving the targeted 7.5% growth this year will be difficult, due to the increased downside risks to growth. One of the risks is the disruption caused by the implementation of the GST. While the potential upside of this significant tax reform is huge, in the short term, as businesses transition to the new regime, there will be lost production and sales, which will lead to slower growth. We are already seeing that in the lower export growth for the month of July. The Survey also talks about the asset quality ...

PTI  The growth rate of Himachal Pradesh is expected to be 6.8 per cent and per capita income likely to rise to Rs 1.47 lakh during 2016-17, as per the Economic Survey of the state. "The Gross State Domestic Product (GSDP) is expected to increase from Rs 1,13,667 crore in 2015-16 to Rs 1,24,570 crore in 2016-17, while the growth rate under the 12th Plan (2012-17) has been estimated at 7.2 per cent," said the Economic Survey for the current financial year, presented by Chief Minister Virbhadra Singh in the Assembly today. The food grains production which was 16.34 lakh tonnes in 2015-16 is likely to slip to 16 lakh tonnes while the Horticultural production would be about 5.10 lakh tonnes ...

PTI RBI Governor Urjit Patel on Wednesday cut the economic growth forecast to 6.9% for the current fiscal from 7.1% estimated earlier, even as he said the economy will bounce back to 7.4% rate next fiscal.The Reserve Bank kept key interest rates unchanged saying it wants to assess how the transitory effects of demonetisation on inflation and the output gap play out."GVA (gross value added) growth for 2016-17 is projected at 6.9% with risks evenly balanced around it. Growth is expected to recover sharply in 2017-18 on account of several factors. GVA growth for 2017-18 is projected at 7.4%, with risks evenly balanced," the RBI said in its 6th bi-monthly monetary policy statement.In its last monetary policy on December 7, the central ...

Federation of Indian Micro and Small & Medium Enterprises (FISME), umbrella organization of SMEs in the country, based out of New Delhi has given its verdict on the recently announced Union budget 2016 Ahmad Shariq Khan|The Dollar Business Bureau "Many concessions under excise tax and customs duty are for inputs used typically by large sector players like Machinery, electrical equipment, instrument used for semiconductor wafer fabrication/LCD fabrication units"   Federation of Indian Micro and Small & Medium Enterprises (FISME), umbrella organization of SMEs in the country, based out of New Delhi has given its verdict on the recently announced Union budget 2016. Many FISME members while acknowledging the good initiatives announced by Arun Jaitley this time have expressed their sector specific concerns as well. Many ...

After a 7.2% economic growth in 2014-15, the expansion in economy will be 7.6% in the current fiscal, the fastest in the world, says survey Source: PTI Inspite of challenges and lower than projected GDP growth rate during 2015-16, the fiscal deficit target of 3.9% of GDP seems achievable.   Ahead of the Union Budget, the Economic Survey on Friday termed external environment as challenging but projected a 7-7.5% GDP growth rate in the next fiscal which could accelerate to 8% in a couple of years. The Economic Survey for 2015-16, which was tabled in Parliament on Friday, also made a case for carrying forward the reform process to achieve macro-economic stability. Inspite of challenges and lower than projected GDP growth rate during 2015-16, "the ...