Economic Survey 2019 – 2020 Pdf Eng & Hindi, Highlights, Volume 1 & 2 – Survey 2019-2020 Is Going To be Released By Indian Union Government On 31 January 2020, Budget Will be presented On 1 February 2020 By Indian Finance Minister . We All Are Waiting For This Document . Indian Economic Survey is very important Document Of Government Of India .The Economic Survey of India is the flagship annual document of the Ministry of Finance, Government of India. The Department of Economic Affairs, Ministry of Finance presents the Survey in the Parliament every year, just before the Union Budget. It is prepared under the guidance of the Chief Economic Adviser attached to the Ministry of Finance.

Last year Chief Economic Adviser Subarmaniam last year Wrapped Indian Survey in Pink Cloth To Give A Message About Gender Equality And Gender Neutrality .It is not mandatory for the government to present the Economic Survey and its recommendations are not binding on the government either.

Budget 2020 likely on February 1, Economic survey on January 31: Report

Modi Government, in its first term, decided to advance the date of the budget from last working day to first working day. Accordingly, the Union Budget for 2017-18 was presented on February 1, and since then, the tradition has continued.

Economic Survey 2019 - 20 Pdf Eng & Hindi, Highlights, Volume 1 & 2

Who Prepare Economic Survey Every Year ?

  • The Economy Survey was prepared by the Economic Division of the Department of Economic Affairs in the Finance Ministry under the overall guidance of the Chief Economic Adviser.
  • After receiving inputs from the senior officers in the Ministry of Finance, the final version of the Economic Survey is scrutinized by the Finance Secretary and finally approved by the Union Finance Minister.

Which Organization Publish Economic Survey Every Year ?

  • The Department of Economic Affairs, Finance Ministry of India presents the Economic Survey in the parliament every year, just before the Union Budget.
  • It is prepared under the guidance of the Chief Economic Adviser, Finance Ministry.
  • It is the ministry’s view on the annual economic development of the country.
  • And Final Economy Survey Is Published By – Ministry Of Finance 

When was the first Economic Survey of India presented?

  • Indias first Economic Survey was presented in the year 1950-51.
  • Up to 1964, it was presented along with the Union Budget. From 1964 Onwards, it has been delinked from the Budget.

When is Economic Survey presented Every Year ?

  • It is presented every year in the Parliament during the Budget Session.
  • The  Survey is presented normally a day before the presentation of the Union Budget in the Parliament by the Finance Minister.

What does the Economic Survey contain?

  • The Eco Survey is at once a government document and also an opportunity for the Chief Economic Adviser to provide a disinterested, economic objective analysis.

Economic Survey 2019- 2020 Highlights Pdf Download Hindi & English

Volume 1 Volume 2 
We Will Update this Information When Economic Survey 2019-2020 Will Out .We Will Update this Information When Economic Survey 2019-2020 Will Out .
Download Volume 1 – Click Here Download Volume 2 – Click Here 

Is Economic Survey available for purchase as a book Online or Offline?

  • Economic Survey is Published Every year .
  • You Can Download Economic Survey Both Volume From Official Website Of Ministry of Finance
  • You Can Also Buy Hard Copy Of The Economic Survey From Any Book Store.

When was the first economic survey in India?

  • Economic census.
  • In 1976, Government of India launched a plan scheme called Economic Census and Surveys.
  • In 1977 Central Statistical Organisation conducted First economic census in collaboration with the Directorate of Economics & Statistics (DES) in the States/Union Territories

Who does the Economic Survey of India?

  • The Department of Economic Affairs, Ministry of Finance presents the Economic Survey of India in the Parliament every year, just before the Union Budget.
  • It is prepared under the guidance of the Chief Economic Adviser attached to the Ministry of Finance.

What is the meaning of economic survey?

  • The Economic Survey is nothing but an annual document prepared by advisers to the finance minister and tabled in the Parliament a day before the Union budget.
  • A flagship document of the finance ministry, the Economic Survey is a review of the developments in the Indian economy over the previous 12 months.
  • This is The Economic Document For Providing Economic Conditions of That Year.

Will there be Economic survey in 2020?

  • Yes Economic Survey Will be Tabled In Parliament In Budget Session Of India .

How to download Economic Survey 2019-20 PDF

https://www.indiabudget.gov.in/economicsurvey/.

 

Economic Survey 2018- 2019 Pdf Download Hindi & English Volume 1 & 2

Volume 1 Content

Volume 2 Content 

Preface PDF File

  • Shifting gears: Private Investment as the Key Driver of Growth, jobs, exports and demand PDF File
  • Policy for Homo Sapiens, Not Homo Economicus : Leveraging the Behavioural Economics of “Nudge”PDF File
  • Nourishing Dwarfs to Become Giants: Reorienting Policies for MSME Growth PDF File
  • Data “Of the People, By the People, For the People”PDF File
  • Ending Matsyanyaya: How to Ramp Up Capacity In the Lower Judiciary PDF File
  • How does Policy Uncertainty affect Investment?PDF File
  • India’s Demography at 2040: Planning Public Good Provision for the 21st CenturyPDF File
  • From Swachh Bharat to Sunder Bharat via Swasth Bharat: An analysis of the Swachh Bharat Mission PDF File
  • Enabling Inclusive Growth through Affordable, Reliable and Sustainable Energy PDF File
  • Effective Use of Technology for Welfare Schemes – Case of MGNREGSPDF File
  • Redesigning a Minimum Wage System in India for Inclusive Growth

PrefacePDF File

  • State of the Economy in 2018-19: A Macro View PDF File
  • Fiscal Developments PDF File
  • Monetary Management and Financial Intermediation PDF File
  • Prices & Inflation PDF File
  • Sustainable Development and Climate Change PDF File
  • External SectorPDF File
  • Agriculture and Food Management PDF File
  • Industry and Infrastructure PDF File
  • Services Sector PDF File
  • Social Infrastructure, Employment and Human Development PDF File
Download Link Click Here 

 

Economic Survey 2018-19 Notes pdf Download – Forum IAS

Academy Forum IAS 
FormatPdf
TopicEconomic Survey
Download link Part 1

Part 2 

Vision IAS Gist of Economic Survey 2018-19 Pdf Volume 1 and 2

Exam UPSC CSE 2019
Topics Economic Survey 2018-19 
Category Current Affairs 
Format Pdf 
Medium English 
Academy Vision IAS 
Download Link Click Here 

 


Economic Survey 2018 Highlights pdf -Indian Economic Survey 2018

  • Economic Survey is the flagship Annual Document of the Ministry of finance.
  • It gives a detailed account of the various sectors of the economy and overall economic scenario of the country in the past years and provides an outline for the year ahead.
  • Economic survey is presented every year before presenting the Union Budget.
  • India’s first Economic Survey was presented in the year 1950-51.
  • Up to 1964, it was presented along with the Union Budget.
  • From 1964 onwards, it has been delinked from the Budget.
  • The first draft of the economic survey is prepared by the department of economic affairs in the finance ministry.
  • The first draft of the economic survey is prepared by the department of economic affairs in the finance ministry.
  • The final version is scrutinized by the Finance Secretary and Finance Minister.
  • The constitution of India neither uses word budget or economic surveys.
  • Union Finance Minister gives the final approval before the Economic Survey is tabled in Parliament but the government is not obliged to follow any recommendations made in the document.
  • The purpose of tabling the Economic Survey in Parliament is to explain the backdrop of the Budget for the next one year.
  • Parliament is made aware about the economic and financial health of the country before it scrutinizes and clears the Budget

Economic Survey 2018 Main Highlights

  1. The GDP growth rate for the fiscal year 2017-2018 is pegged at 6.75% by the Economic Survey report. The government, in its advance GDP estimate, had estimated a growth of 6.5%.
  2. In the fiscal year 2019, the survey said that the Indian economy is expected to grow between 7% and 7.5%. The International Monetary Fund (IMF) has also said that India could grow at 7.4% in the current year 2018, as against China’s 6.8%.
  3. On the implementation of the Goods and Service Tax (GST), the survey said that there has been a 50% increase in number of indirect taxpayers; Large increase in voluntary registrations; distribution of GST base closely linked to size of economies; strong correlation between export performance and state’s standard of living and India’s formal sector was found to be substantially greater than currently believed.
  4. The level of tax filers by November 2017 was 31% greater. The economic survey said that it translated roughly into about 1.8 million additional taxpayers due to demonetization-cum-GST, representing 3% of existing taxpayers.
  5. The Agriculture growth in FY18 likely to be at 2.1%, while the Industry growth for FY18 likely to be 4.4%.
  6. Services growth for FY18 likely to be at 8.3% and the country’s economy should witness improvement in next fiscal year.
  7. The IBC resolution process could prove a valuable technology for tackling this long-standing problem in the Indian corporate sector.
  8. The apparel sector has immense potential to drive economic growth, increase employment, and empower women in India. This is especially true as China’s share of global apparel exports has come down in recent years. However, India has not, or not yet, capitalized on this opening.
  9. In the last three fiscal years, India experienced a positive term of trade shock. But in the first three quarters of 2017-18, oil prices have been about 16 percent greater in dollar terms than in the previous year (Table 1). It is estimated that a $10 per barrel increase in the price of oil reduces growth by 0.2-0.3 percentage points, increases WPI inflation by about 1.7 percentage points and worsens the CAD by about $9-10 billion dollars. Economic Survey calls for “policy vigilance” in coming year if high oil prices persist or stock prices correct sharply.
  10. The Headline inflation has been below 4 per cent for twelve straight months, from November, 2016 to October, 2017 and CPI food inflation averaged around one per cent during April-December in the current financial year. The Survey observes that the economy has witnessed a gradual transition from a period of high and variable inflation to more stable prices in the last four years.
  11. Current account deficit expected to average 1.5-2% of the GDP this fiscal, while export growth is paged at 12.1%.
  12. The survey said that India will need $4.5 trillion investment in infrastructure by 2040.

 

Economic Survey 2017-18 Highlights | Important Key Points

Economic Survey 2018 Highlights pdf -Indian Economic Survey 2018

Growth Of Indian Economy and Sectors 

  1. 2018-19 Growth seen at 7 pct to 7.5 pct y/y
  2.  2017-18 GDP growth seen at 6.75 pct y/y
  3. 2017-18 industry growth seen at 4.4 pct
  4. 2017-18 farm sector growth seen at 2.1 pct
  5. Economic management will be challenging in the coming year
  6. Biggest source of upside to growth to be from exports
  7. Cyclical conditions may lead to lower tax and non-tax revenues in 2017-18
  8. Agriculture, industry and services sectors are expected to grow at the rate of 2.1 per cent, 4.4 per cent, and 8.3 per cent respectively in 2017-18
  9. The survey adds that after remaining in negative territory for a couple of years, growth of exports rebounded into positive one during 2016-17 and expected to grow faster in 2017-18.
  10. However, due to higher expected increase in imports, net exports of goods and services
    are slated to decline in 2017-18.
  11. GST data reveals 50% increase in number of Indirect Taxpayers
  12. Economic Survey says-Maharashtra, Gujarat, Karnataka, Tamil Nadu & Telangana account for 70% of India‟s exports
  13. India‟s internal trade in goods and services is 60 percent of GDP.

Fiscal Deficit 

  1. Target for fiscal consolidation specially in a pre-election year can carry a high risk of credibility .
  2. Current Account deficit for 2017-2018 expected to be 1.5 to 2 percent of GDP.10 Important Facts  Indian Economic Survey 
  3. Indian Economic Survey Download link – Volume 1 And Volume 2 
  4. Fiscal deficit overshot target by 12 per cent till November. Likely to normalise as the year progresses.
  5. Demonetisation helped in increasing share of financial savings.
  6. Pause in general government fiscal consolidation cannot be ruled out in 2017/18
  7. Suggests modest (fiscal) consolidation that signals a return to the path of gradual but steady deficit reductions

Mrunal Economic Survey 2017-2018 Notes For UPSC

Mrunal Economic Survey 2018 Pdf Notes,Budget 2018-19 Gist For IAS
  • Direct Taxes: Corporation > Income Tax > STT
  • Indirect Taxes: CGST > Union Excise > Customs > GST compensation Cess > IGST.
  • Subsidies: Food > Fertilizer (Urea) > LPG > Kerosene. (Major subsidies~1.4% of GDP)
  • Salaries: President (5L) > Vice President (4L) > Governors (3.5L); MP salaries revised with inflation every 5 year.
  • Deficits Targets for 2018-19: RD: 2.2%, FD: 3.3%; PD: 0.3% of the GDP. Debt to GDP: 40%
  • Disinvestment Targets: 80k Crore (Last Year 72,500 cr). New ETFs, incl. Debt-ETFs planned. Air India to be privatized.
  1. Tax buoyancy has improved. 90k cr more collected compared to the scenario two years ago.
  2. No. of Tax-filers increased, though “compliance” behavior is not appreciative. Non salaried professionals hardly paying IT in ~7k to 35k range.
  3. Income tax Slabs: Not changed (5-10-20-30%). (New) 40k Std. deduction. But transport & Medical exemptions removed.
  4. Elderly: No IT or TDS on interest income upto Rs.50k (earlier 10k), Upto 50k deduction for health insurance premium, upto Rs.1 lakh for critical illness. Pradhan Mantri Vaya Vandana Yojana (LIC): 8% return for upto Rs.15 lakh till March 2020.
  5. 25% corporation tax for Companies with turnover upto Rs.250 cr (earlier only 50 cr.) Companies given deduction for hiring new people. [previous rules tweaked]
  6. Cess on Income Tax & Corporation Tax Cess: 2% Primary Education + 1% Secondary & Higher education + (new) 1% Health cess to finance the new health insurance scheme for BPL/Rural.
  7. Securities: 15% short term CGT + (new) 10% Long term CGT, if profit more than 1 lakh. Equity Mutual Funds: 10% distribution tax.
  8. Gift City (IFSC): certain securities removed from Capital Gains Tax (CGT), There will be Alternate Minimum Tax (AMT) instead of MAT. New regulator for Gift city.
  9. Black Money: Trusts can’t pay more than 10k in cash. Stricter rules for TDS compliance. Every entity doing transactions of Rs.2.5lakh or more must get PAN, incl. its office bearers.
  10. Farmers FPO: 100% deduction for next 5 years. This will help in Op. Greens and Pradhan Mantri Kisan SAMPADA Yojana (Scheme for Agro-Marine Processing).
  11. To reduce Tax terrorism: E-assessment for direct taxes. Customs Act’62 amendments for implement WTO’s Trade Facilitation Agreement (TFA). Customs to have authority for advance ruling.
  • Farm loan target: 11 lakhs (Last year 10 lakhs). Lessee cultivators will be covered.
  • 2x farm income by 2022 ke liye 1.5 x MSP. FCI’s working capital to be raised via debt & equity for this.
  • GrAM gramin haats. Because small-marginal farmers can’t bring their produce to APMC / E-NAM. These GrAM haats will be connect via PM Gram Sadak Yojana.
  • Organic farming ke liye Women SHG.
  • Op. Greens for Tomato Onion Potato (TOP). National Bamboo Mission. (Bamboo already removed from the legal definition of ‘trees’ to reduce inspector-raj.)
  • Fishermen and Animal Husbandry-walla to get Kisan Credit card and new funds.
  • Farmers to sell surplus electricity from solar panels in their farms to DISCOMMs.
  • RURAL Infra ke liye: SBM ,Ujjawala, Saubhagya electricity, PM Awas Yojana, PM Krishi Sinchai yojana, NRLM … all these schemes’ funds and targets increased.
  • Total rural infra Expenditure: 14 lakh crores.
  • 2017-18: 6.75% growth rate. Per capita income: 1,11,782 Rupees (Current price) | 86,660/- @constant price (2011). IIP improved.
  • 2018-19: Growth rate projected at 7 to 7.5% [+0.5% if exports pickup.]
  • Moderate level of inflation, CAD, FD.
  • IMF: Post-GFC recovery is occurring in major economies. Indian economy is now 2.5 trillion dollar economy – seventh largest in the world.
  • World Bank Ease of Doing Biz 2018: 130->100th rank.
  • Moody Rating: BAA3->BAA2.
  • Global Innovation Index-2017: 66->60.
  • Forex reserve at $409 cr.

Download link Google Drive – Survey And Budget 2018-19 Gist 

 

 

Economic survey 2016-17 Highlights | Important Points To Know 

  1. GDP growth for next fiscal pegged at 6.75-7.5 per cent
  2. Growth this fiscal to be 6.5 per cent
  3. Prescribes cut in individual I-T rates, real estate stamp duties
  4. Income Tax net could be widened gradually by encompassing all high income earners
  5. Time table for cutting corporate tax should be accelerated
  6. Tax administration could be improved to reduce discretion and improve accountability
  7. Growth to return to normal as new currency comes in circulation
  8. Demonetisation to affect growth rate by 0.25-0.5 per cent, but to have long-term benefits
  9. GST, other structural reforms should take the trend growth rate to 8-10 per cent
  10. Fiscal windfall likely from Pradhan Mantri Garib Kalyan Yojana, low oil price
  11. Farm sector to grow at 4.1 per cent this fiscal, up from 1.2 per cent last year
  12. Fiscal gains from GST will take time to realise
  13. Demonetisation may affect supplies of certain agricultural products like sugar, milk, potatoes and onions
  14. Growth rate of industrial sector to moderate to 5.2 per cent this fiscal, from 7.4 per cent last fiscal
  15. Efforts to collect taxes on disclosed and undisclosed wealth should not lead to tax harassment
  16. Universal Basic Income Scheme is an alternative to plethora of state subsidies for poverty alleviation.

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