By focusing on products which are manufactured across global value chains, India can capture significant value through exports and job creation.
Economic Survey signals growth-oriented Budget
Economic Survey
14:46 January 31
14:45 January 31
India's share in global commercial services exports up at 3.5 per cent.
14:40 January 31
If wealth had not been eroded by wilful defaulters, we could have spent almost double the amount on social sectors.
14:35 January 31
The entire difference in export performance between India and China is explained by specialization; China has specialized in labour-intensive factors, India needs to do the same.
14:31 January 31
CEA Krishnamurthy Subramanian: Economic slowdown since 2017 due to the lagged effect of reduced investment from 2013 which occurred due to credit boom-bust
Here are the ten new ideas introduced by Economic Survey, for boosting Wealth Creation.
14:29 January 31
The economic slowdown since 2017 has been due to the lagged effect of reduced investment from 2013 which occurred due to credit boom-bust. There has been a boom and bust in the share of corporate loans in non-food credit: CEA
All groups of countries have slowed down, in a globalized economy, India too has felt the effect. Economic Survey 2019-20 is a synthesis of the old and the new - CEA.
14:28 January 31
India has been a dominant economy for three-quarters of recorded economic history, such dominance happens by design, due to our emphasis on wealth - CEA.
14:27 January 31
CEA Krishnamurthy Subramanian: We have a slowdown in the Indian economy, part of it is because of the global economy slowing down in 2019. Economic Survey's theme this year is wealth creation. Firms that borrowed a lot during 2008-12 invested less during 2013-17.
14:14 January 31
India’s Large Economy Needs an Efficient Banking Sector to Support its Growth; State of the Banking Sector in India Needs Urgent Attention.
Enhancing Efficiency of PSBs Through Fin Tech is the Way Forward.
Promoting pro-business policy critical for India to become a $5 trillion Economy.
Pro-crony policies erode wealth & destroy value in economy.
Integration of Assemble In India for the World into Make in India can raise India’s export market share to about 3.5 % by 2025 and to 6% by 2030.
14:14 January 31
Overarching theme of Economic Survey 2019-20 is Wealth Creation and the Policy Choices that enable the same.
The Doing Business 2020 Report recognizes India as one of the ten economies that have improved the most.
Theme of Economic Survey 2019-20 - Enable Markets, Promote 'Pro-Business' Policies and Strengthen 'Trust' in the Economy.
Ethical Wealth Creation Key to India Becoming a $ 5 Trillion Economy by 2025: Economic Survey 2019-20.
14:13 January 31
In 2019-20, Centre’s fiscal deficit was budgeted at Rs. 7.04 lakh crore (3.3 per cent of GDP), as compared to Rs. 6.49 lakh crore (3.4 per cent of GDP) in 2018-19.
13:38 January 31
India Striving to Combine Sustainability & Economic Development Through Well-Designed Initiatives for Inclusive Development: Economic Survey 2019-20.
13:37 January 31
Agriculture and allied sectors to grow at 2.8% in coming financial year. Growth in current year estimated as 2.9%.
13:37 January 31
India’s Balance of Payments Position Improves, as Current Account Deficit Declines Further. Foreign Exchange Reserves Continue to Be Comfortable FDI Inflows and Overseas Remittances on an Upward Graph.
13:36 January 31
Inflation declines sharply from 3.2% in April 2019 to 2.6% in December 2019, reflecting weakening of demand pressure in the economy.
13:24 January 31
Industrial growth in 2019-20 is estimated at 2.5% - says Economic Survey 2020.
Economic Survey calls for improving governance in public sector banks, more disclosures to build trust.
13:17 January 31
For boosting growth, it called for new ideas for manufacturing such as 'assemble in India for the world' which will create jobs.
To further make it easier to do business, the Survey called for removing the red tape at ports to promote exports as well as measures for easing the start of business, register property, pay taxes and enforcing contracts.
It also called for improving governance in public sector banks and the need for more disclosure of information to build trust. It also talks about dwarfism in the banking sector.
Economic Survey advocates 10 new ideas that benefit markets as well as the economy.
Economic Survey calls for measures to make it easier to start new business, register property, pay taxes, enforce contracts.
Economic Survey calls for more reforms for making it easier to do business in country.
13:15 January 31
The Survey this year has been printed in lavender colour- the same as the colour of the new 100 rupee currency note, the oldest currency note in circulation in the country.
The pre-Budget Survey said for wealth to be distributed, it first has to be created and called for looking at wealth creators with respect.
The Survey said government interventions seem to be ineffective in stabilising prices of commodities such as onions.
13:13 January 31
Economic Survey projects economic growth at 6-6.5% in fiscal year starting April 1. Economic Survey puts current fiscal growth at 5%; says fiscal deficit target for current fiscal may need to be relaxed to revive growth.
12:59 January 31
Finance Minister Nirmala Sitharaman tables Economic Survey in Parliamen
Finance Minister Nirmala Sitharaman tables Economic Survey in Parliament
Finance Minister Nirmala Sitharaman tables the Economic Survey in the Parliament. Lok Sabha adjourned till 11am tomorrow.
11:53 January 31
Worked hard to prepare 2nd economic survey in six months: CEA Subramanian
Chief Economic Advisor Krishnamurthy Subramanian on Economic Survey
Chief Economic Advisor Krishnamurthy Subramanian on Friday commended his team for "working hard" and having prepared the "second economic survey in the span of six months".
"Last time, we worked hard. Our team has done a lot of hard work this time around also. The team has prepared the second economic survey in six months. The entire credit goes to them," Subramanian told ANI here.
The Economic Survey 2019-20 will be tabled in the Parliament today by Finance Minister Nirmala Sitharaman.
The Budget Session of the Parliament commenced earlier on Friday with an address by President Ram Nath Kovind to the joint sitting of two Houses -- Rajya Sabha and Lok Sabha.
President Kovind was received by Prime Minister Narendra Modi, Vice President Venkaiah Naidu, Lok Sabha Speaker Om Birla along with other Union Ministers at the Parliament.
11:45 January 31
Copies of Economic Survey reach Parliament
Copies of Economic Survey reach Parliament
Copies of Economic Survey reach Parliament
New Delhi: Ahead of the commencement of the Budget Session, copies of Economic Survey 2019-20 reached the Parliament complex on Friday morning. Union Finance Minister Nirmala Sitharaman will present it later today.
Sitharaman will present her second Union Budget on Saturday.
The first phase of the session will conclude on February 11, while the second part of the session will begin from March 2 and will end on April 3.
(With inputs from agencies)
Last Updated : Jan 31, 2020, 3:43 PM IST