News:The Economic Survey has dedicated a chapter on the Ease of Doing Business in India. Facts: Key takeaways: In World Bank’s Ease of Business rankings,India has recorded a jump of 14 positions at 63rd rank in 2019 against its rank of 77 in 2018. India’s improved ranking was on the back of reforms such as… Continue reading Economic Survey 2019-20:Ease of Doing Business
Category: Factly – Indian Economy
This category contains all Current Affairs Factly Articles for Prelims, related to the Indian economy. You can find all relevant Economy updates on this page. This page is specifically useful for UPSC Prelims exam.
Economic Survey:A Temasek-like model to put divestment on aggressive track
News:The Economic Survey 2019-20 has proposed a new structure of disinvestment called Temasek-like model to maximise returns from public sector enterprise. Facts: About Divestment: Disinvestment is defined as the action of an organisation (or government) selling or liquidating an asset or subsidiary. Economic Survey on Divestment: The survey examined the realized efficiency gains from privatization… Continue reading Economic Survey:A Temasek-like model to put divestment on aggressive track
Economic Survey 2019-20:Public Sector Banks(PSBs)
News:The Economic Survey has dedicated an entire chapter to the status of public sector banks and the NPA crisis. Facts: Survey on Public Sector Banks: Since 1969,India’s Banking sector has not developed proportionately to the growth in the size of the economy. India will need at least eight banks in the top 100 banks globally… Continue reading Economic Survey 2019-20:Public Sector Banks(PSBs)
Economic Survey calls for strengthening invisible hand of markets
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
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
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
