News:The Economic Survey 2020 has illustrated enormous benefits from enabling the invisible hand of the market. Facts: Achieving $5 trillion economy:The survey has said that India’s aspiration to become a $5 trillion economy depends critically on: Strengthening the invisible hand of the market. Supporting it with the hand of trust. About Invisible Hand: The phrase… Continue reading Economic Survey calls for strengthening invisible hand of markets
Author: ForumIAS
Economic Survey suggests Chinese formula to create 4 crore jobs by 2025
News:Economic Survey has outlined a strategy on how India can create 4 crore well-paid jobs by 2025 and 8 crore jobs by 2030. Facts: Assemble in India for the World:The survey has said that the integration of “assemble in India for the world” with government’s “Make in India” initiative can help: Create 4 crore well-paid… Continue reading Economic Survey suggests Chinese formula to create 4 crore jobs by 2025
Economic Survey 2020: India ranked third in entrepreneurship
News:The Economic Survey has a chapter on “Entrepreneurship and Wealth Creation at the Grassroots”. Facts: Key Highlights: As per World Bank,India ranks third globally in the number of new firms created with about 1.24 lakh new entities coming up in 2018. New firm creation in India increased dramatically since 2014 as there was a 12.2… Continue reading Economic Survey 2020: India ranked third in entrepreneurship
Economic Survey suggests ‘dynamic health index’ for NBFCs to ensure crisis alert
News:The Economic Survey has suggested the use of a ‘health score’ index for non-banking finance companies(NBFCs). Facts: About Health Score Index: The proposed Health Score Index will aim to provide an early warning signs for liquidity crisis in a non-banking finance company(NBFC) to tackle the problem of financial fragility. The Index will use key financing… Continue reading Economic Survey suggests ‘dynamic health index’ for NBFCs to ensure crisis alert
Funding National Infra Pipeline would be a ‘challenge’: Economic Survey 2019-20
News:According to Economic Survey,funding of the Rs 102 lakh crore National infrastructure pipeline(NIP) unveiled by the Indian government would be a challenge. Facts: About National infrastructure pipeline(NIP): Government had constituted a task force headed by Secretary, Department of Economic Affairs to draw up a National Infrastructure Pipeline(NIP) from 2019-20 to 2024-25. The task force has… Continue reading Funding National Infra Pipeline would be a ‘challenge’: Economic Survey 2019-20
First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation, 2018-19
News: The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation for the financial year 2018-19. Facts: Key Highlights: Gross Domestic Product: Nominal GDP or GDP at current prices for the year 2018-19 is estimated as ₹ 189.71 lakh… Continue reading First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation, 2018-19
Beijing Platform for Action
News:To mark 25 years of the adoption of the Beijing Platform for Action, Ministry of Women & Child Development(MWCD) has organized a National Consultation on the Review of Beijing+25. Facts: About Beijing Platform for Action: The Beijing Declaration was a resolution adopted by the United Nations(UN) at the end of the Fourth World Conference on… Continue reading Beijing Platform for Action
Economic Survey 2019-2020: Social Infrastructure, Employment and Human Development
News: The Economic Survey 2019-2020 highlights the government’s commitment to social wellbeing in India. Key Highlights: Expenditure on social services by the Centre and States (as a proportion of GDP): Increased from 6.2% in 2014-15 to 7.7% in 2019-20. India’s ranking in Human Development Index: Improved to 129 in 2018 from 130 in 2017. With… Continue reading Economic Survey 2019-2020: Social Infrastructure, Employment and Human Development
Economic Survey 2019-2020: service Sector in India
News: The Economic Survey 2019-2020 has said that the services sector’s significance in the Indian economy has continued to increase. Facts: Key Facts: Contribution of Service Sector to the Indian Economy: 55% of the total size of the economy and GVA growth, Two-thirds of total FDI inflows into India 38% of total exports Performance of… Continue reading Economic Survey 2019-2020: service Sector in India
Economic Survey 2019-2020: India has become the Second Largest Emerging Green Bond Market after China
News: According to Economic Survey 2019-20, India has the Second largest Emerging Green Bond Market after China. India has also joined the International Platform on Sustainable Finance (IPSF) in 2019 to scale up environmentally sustainable investments. Facts: Green Bonds: These are fixed-income financial instruments issued for funding of specific projects which have positive environmental and… Continue reading Economic Survey 2019-2020: India has become the Second Largest Emerging Green Bond Market after China
