Suggests use of 'agri-stack' for better targeting of fertiliser subsidies

According to the minister, 173,350 houses have been sanctioned to Christians, followed by Sikh - 49,670 houses, Buddhist - 19,707, Jainism - 10,457, and Zoroastrianism - 1,127

Nudges pvt sector on jobs, cautions on AI; sees GDP growing by 6.5-7% in FY25; makes a case for FDI from China

The Survey says the idea of economic globalisation has run its course and it may not be reversed fully

The Survey said many MSMEs struggle to secure the necessary funds to start, operate, or expand their business due to a variety of reasons, including lack of collateral

The finance ministry's Economic Survey on Monday suggested that governments renounce some of their powers as it would be good for 'both the governed and the governing'. Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-24 a day before the Union Budget in the Lok Sabha. While contemplating the challenges that lie ahead, one should not be daunted because the social and economic transformation of democratic India is a remarkable success story, the document, authored by a team lead by Chief Economic Advisor V Anantha Nageswaran, stated. "We have come a long way. The economy has grown from around USD 288 billion in FY93 (1992-93) to USD 3.6 trillion in FY23," it said. India has generated more growth per dollar of debt than other comparable nations and abject poverty has all but been eliminated. Human development indicators have improved, and more Indians, especially women, are getting educated, the 476-page document said. "However, it would be a missed opportunity --

Survey says nearly 135 mn have emerged from multidimensional poverty

Says mkt claim on real economy 'excessively high', warns it may lead to instability

Private gross fixed capital formation must accelerate in machinery, equipment, intellectual property products to create quality jobs

The biggest support these enterprises need is in their marketing, access to domestic and international markets, and handholding, wherein e-commerce steps in a big way

Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry, said, "We believe that the growth will be above such conservative estimates as 8 per cent growth is becoming a new normal for India"

Mission LiFE seeks to promote sustainable lifestyles through mindful utilisation of resources, minimisation of waste, and adoption of green choices

Occupancy rates are over 60 per cent for the third year in a row

Cites risks of geopolitical tensions, rise in protectionism, higher trade cost because of the Red Sea crisis, and commodity price volatility as reasons

It became the second biggest contributor after cereals during the year, shows data from the Economic Survey

Market participants said that the Indian currency did not depreciate further as the Reserve Bank of India intervened in the foreign exchange market by selling dollars

International experience shows how initiatives at the sub-national level can facilitate resource mobilisation for infrastructure development, the report noted

Hardships caused to poor and low-income consumers can be handled through DBT, it says

It also said that in FY22 and FY23, clothing, which accounts for 48 per cent of weightage in the consumer durable index, was a major driver of inflation

The private sector's contribution to the 'toxic mix of habits' like social media, screen time and unhealthy food that can undermine public health, productivity and diminish India's economic potential is substantial, the Economic Survey said on Monday. The survey, tabled by Finance Minister Nirmala Sitharaman in Parliament, also pointed out that 'privileging capital over labour is inimical to long-term corporate growth prospects', referring to reluctance shown by businesses to make investments citing lack of demand visibility. "For India's working-age population to be gainfully employed, they need skills and good health. Social media, screen time, sedentary habits, and unhealthy food are a lethal mix that can undermine public health and productivity and diminish India's economic potential," it said. Further, it said, "The private sector's contribution to this toxic mix of habits is substantial, and that is myopic." Stating that the emerging food consumption habits of Indians are not