Economic Survey

GST rate of 3% on gold too low: Economic Survey

GST rate of 3% on gold too low: Economic Survey

The Survey said that the GST Council will have to take up these issues in the coming months.

Aug 12, 2017, 16:39 PM IST

India one of the most open economies globally for FDI: Survey

The mid-year Survey of the economy described foreign direct investment (FDI) as an enabler of economic growth since it enhances productivity by bringing capital, skills and technology to the host country.

Aug 11, 2017, 20:18 PM IST
RBI policy rate can come down by 0.25-0.75%: Economic Survey

RBI policy rate can come down by 0.25-0.75%: Economic Survey

Broadly, the real neutral interest rates hover around 1.25-1.75 percent, it said, adding that it "implies neutral nominal rates -- assuming a target inflation of 4 percent -- of 5.25-5.75 percent".

Aug 11, 2017, 20:01 PM IST
5.4 lakh new tax payers added post-demonetisation: CEA Arvind Subramanian

5.4 lakh new tax payers added post-demonetisation: CEA Arvind Subramanian

The Economic Survey said "a series of deflationary impulses are weighing on an economy yet to gather its full momentum"

Aug 11, 2017, 20:01 PM IST

Economic Survey reflects optimism, anxiety: Industry bodies

Industry bodies CII, FICCI and Assocham also hailed steps taken by the government to resolve the "twin balance sheet" problem.

Aug 11, 2017, 19:22 PM IST
Economic Survey flags immigration issue for IT-BPM sector

Economic Survey flags immigration issue for IT-BPM sector

The mid-year Survey termed market access, competition from new entrants, job losses and lack of skilled talent and infrastructure as major challenges for the country's IT-BPM sector.

Aug 11, 2017, 18:54 PM IST

Services sector growth moderated to 7.7% in FY17: Economic Survey

However, software services exports, accounting for around 45.2 percent of total services, declined though marginally by 0.7 percent, it added.

Aug 11, 2017, 18:08 PM IST

Companies raise Rs 6.7 lakh crore via corporate bonds: Economic Survey

Besides, stock markets recorded a robust growth in 2016- 17, with Sensex rising by 16.9 percent and Nifty gaining 18.6 percent as compared to losses registered in 2015-16.

Aug 11, 2017, 18:01 PM IST
FDI in construction sector falls 59% to $1.9 billion

FDI in construction sector falls 59% to $1.9 billion

The real estate sector is facing demand slowdown in the last few years leading to fall in housing sales and new launches during 2016, delay in project execution and rise in debt of developers, the survey mentioned.

Aug 11, 2017, 17:41 PM IST

Air India divestment announcement well thought out: Economic Survey

It is a major carrier of international traffic to and from India, accounting for 11.4 percent of the total international travel, it added.

Aug 11, 2017, 17:33 PM IST

Telecom's share in NPAs up, Jio triggered tariff cut: Survey

The survey said Jio's pricing scheme "forced incumbent telecom firms" to cut voice call rates and cost of 1 GB data to average USD 1.9 during January-March 2017.

Aug 11, 2017, 17:22 PM IST

Economic survey flags trade deficit, rising anti-globalisation

Moreover, it said the focus should be on increasing FDI- linked and value added exports, particularly high-tech exports as in China and some ASEAN countries.

Aug 11, 2017, 17:06 PM IST

Economic Survey warns against spate of farm loan waivers

Farm loan waiver has been presumed to be inflationary. But the short-term consequences are likely to be "quite deflationary", it said.

Aug 11, 2017, 16:52 PM IST

Visa, re-skilling key challenges for IT industry: Economic Survey

The survey also pointed out domestic challenges like shortage of skilled digital talent, underdeveloped infrastructure in tier II and III cities and some restrictive regulations for product start-ups.

Aug 11, 2017, 16:50 PM IST

'Govt committed to infra; multi-pronged strategy in place'

Apart from formulating ambitious Bharatmala project for enhanced highway connectivity, it restructured road projects worth Rs 1 lakh crore and looks forward to enhance Indian air carriers' share in international traffic besides promoting waterways and improving railways, it said.

Aug 11, 2017, 16:07 PM IST
Inflation to stay below RBI's target of 4%: Economy Survey

Inflation to stay below RBI's target of 4%: Economy Survey

The Survey said the fact that current inflation is running well below the 4 percent target suggests that inflation by March 2018 is likely to come in below the RBI?s medium term goal of 4 percent.

Aug 11, 2017, 15:57 PM IST

Early signs of tax base expansion post-GST: Economic Survey

The Economic Survey Volume 2, authored by Chief economic Advisor Arvind Subramanian, however, decried excluding health and education from the purview of GST and lamented a "low" 3 percent tax on gold and jewellery saying these items are consumed by the "very rich".

Aug 11, 2017, 15:55 PM IST
Mid-Year Economic Survey: Here are the Key Highlights

Mid-Year Economic Survey: Here are the Key Highlights

Here the key highlights of Part-2 of Economic Survey 2016-17, tabled in Parliament today.

Aug 11, 2017, 15:21 PM IST
Achieving high end of 6.75-7.5% growth difficult; inflation to be below RBI's 4% target: Economic Survey

Achieving high end of 6.75-7.5% growth difficult; inflation to be below RBI's 4% target: Economic Survey

For the first time today, the government presented a second or a mid-year economic survey for the year 2017-18 highlighting the new factors that the economy faces since the last such exercise in February.

Aug 11, 2017, 14:22 PM IST
UBI only after withdrawal of present schemes: Subramanian

UBI only after withdrawal of present schemes: Subramanian

Chief Economic Advisor Arvind Subramanian on Friday said Universal Basic Income (UBI), as proposed in the recent Economic Survey, can be put in place only after withdrawal of the existing welfare projects.

Feb 24, 2017, 21:48 PM IST