ECONOMIC SURVEY 2019
Govt begins exercise to develop indicators to track migrant workers
As per the National Sample Survey Office report on migration in India, almost 55% households in rural areas and 67% in urban areas migrated for employment-related reasons in 2007-08. The survey was conducted between July 2007 and June 2008, and covered a sample of over 572,000 people.
Services improve in June, but still in contraction
Although the pace of decline moderated from May - the Nikkei/IHS Markit Services Purchasin...
Covid-19: 78% households in NCR start going to their workplaces, says survey
A survey showed 73% of NCR residents reported going outside thei...
India’s growing economic reliance on China may be tough to break
Trade links between the two countries are strong and reducing India’s reliance on China won’t be easy.
India was to benefit from US-China trade war, but Vietnam emerged as the winner
Bold reforms will be needed if India has to make its position as the next best alternative.
Monthly wage loss from first 2 lockdowns Rs 34,000 cr: Study
Estimated monthly wage loss caused by job cutbacks in the first two lockdowns alone amount to Rs 33,800 cr.
India GDP growth dips to 3.1% in Jan-Mar; 4.2% in 2019-20
India's economic growth slipped to 3.1 per cent in the January-March quarter of 2019-20 showing impact of COVID-19 pandemic. The gross domes...
Economic package, opening up of economy post lockdown have begun showing results: Survey
The Ficci-Dhruva Advisors industry survey was conducted in June 2020 and saw participation of over 100 top corporate executives (CxOs) from across sectors.
GDP base revision to take hit as Household Consumer Expenditure Survey gets delayed
Covid has thrown a wrench into India’s plan to move to the chain base method to estimate GDP.
Fitch cuts India growth projection to 8% for FY22; economy to shrink by 5 pc this fiscal
Moody's expects India's real GDP to contract by 4 per cent in fiscal 2020 due to the shock from the coronavirus pandemic and related lockdown measures, followed by 8.7 per cent growth in fiscal 2021 and closer to 6 per cent thereafter.
India's hiring activities holding up better than many economies: Report
India has been holding up better in hiring than other economies amid the COVID-19 pandemic .
India 9th largest recipient of FDI in 2019, will continue to attract investments: UN
In its report, the UN Conference on Trade and Development (UNCTAD) said India will continue to attract market-seeking investments to the country and hence, witness a lower but positive economic growth in the post-COVID-19 pandemic period. India was the 9th largest recipient of FDI in 2019, with 51 billion dollars of inflows during the year.
Bountiful monsoon rains seen mitigating India’s economic woes
The forecast of a normal monsoon and its timely onset may lessen the severe impact of Covid on the economy.
Fiscal deficit widens to 4.6% of GDP in 2019-20
As per CGA data, the FY20 fiscal deficit worked out to be 4.59% of the GDP, while the revenue deficit was 3.27%.
Core sector output contracts 38% in April owing to stalled economic activity
In March, the output of the core sector that includes eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity — had contracted 9%.
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