Economic Survey 2020 Pdf Download | Indian Economic Survey Download – Economic survey 2020 PDF download: How, when and where to download Economic Survey of India . Economic Survey 2020 India: The Economic Survey holds significance as it facilitates the common people to know about the current situation of the economic affairs of the country.
Finance Ministry’s of India flagship annual document Economic Survey 2019-20 Providing Full information about the Indian economy was presented ahead of Budget 2020 today and it can be accessed on the government’s website. The survey can be viewed and downloaded in PDF format on ‘indiabudget.gov.in/economicsurvey’.
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 Gist Pdf Download
Steps to download Economic Survey PDF – You can download the Economic Survey of India 2020 by following simple steps. You need to go to https://www.indiabudget.gov.in/economicsurvey/ .
Here you will get the Economic Survey 2020. You will also get Economic Surveys of previous years.
Economic Survey 2019- 2020 Highlights Pdf Download Hindi & English
Indian Finance Minister Ms. Nirmala Sitharaman presented the Economic Survey 2020 in the Parliament on 31 January 2020. Here we have mentioned the Important highlights and key points of the Survey:
- The theme of the Economic Survey is wealth creation, promotion of pro-business policies and strengthening of trust in the economy.
- Thalis with respect to one day’s pay of a worker have improved over time, which indicates improved welfare of the common man.
- Affordability of vegetarian Thalis improved 29 percent from 2006-07 to 2019-20 while that for non-vegetarian Thalis by 18 percent.
- There have been many new firms created in the country since 2014.
- In the formal sector, there has been a 12.2 % cumulative annual growth rate of new firms in 2014-18, compared to 3.8 % in 2006-2014.
- About 1.24 lakh new firms were created in the year 2018, which is an increase of about 80 % from about 70,000 in 2014.
- Under the Pradhan Mantri Awaas Yojana – Gramin (PMAY-G), the number of houses completed in a year quadrupled.
- To achieve a Gross Domestic Product (GDP) of USD 5 trillion by 2024 – 25, India needs to spend about USD 1.4 trillion (Rs.100 lakh crore) over these years on infrastructure so that lack of infrastructure does not become an impediment to the growth of the economy.
- Livestock has emerged as an important secondary source of income for rural families and has assumed an important role in securing the goal of doubling the income of farmers.
- There is a need to bring in a distinction between hoarding and storage of food grains, this will play an important role in doubling farmers’ income.
- There is also a need for addressing some basic challenges such as credit, insurance coverage as well as irrigation in agriculture and allied sectors.
- Tree and forest cover are increasing greatly.
- States/UTs showing an increase in forest cover are Karnataka, Jammu & Kashmir and Andhra Pradesh. States showing a loss are Meghalaya, Manipur, Mizoram and Arunachal Pradesh.
- Ayushman Bharat has set up 28,005 Health & Wellness Centres as of 14th January 2020.
- The OoPE (out of pocket expenditure) on health as a percentage of total health expenditure diminished from 64.2 percent in 2013-14 to 58.7 percent in 2016-17.
- 2.6 crore jobs have been created in urban and rural areas between 2011-12 and 2017-18.
- Apart from jobs, the focus has also been on enhancing the quality of jobs and formalisation of the economy.
- The share of regular wage/salaried employees has increased from 18 percent in 2011-12 to almost 23 percent in 2017 – 2018 (an increase of five percentage points). This reflects formalisation in the Indian economy.
- Currently, India has the second-largest emerging Green Bond Market after China.
- The State Bank of India entered the green bond market with a US$650 million Certified Climate Bond.
- In 2019, India joined the International Platform on Sustainable Finance (IPSF) to further boost the environmentally sustainable investments.
- All the urban areas of 35 states/UTs have been declared ‘open defecation free’ (ODF).
- The percentage of waste processing has increased to around 60% from 18%.
- This comes under the Swachh Bharat Mission (Urban).
- In the services sector, there has been a 33% hike in the gross FDI.
- This sector accounted for about 55% of the economy and Gross Value Added (GVA) growth, 38% of the total exports and 2/3rd of the total FDI inflows into India.
- In 15 of the 33 states/UTs, the services sector’s share is now over 50 percent of the Gross State Value Added.
- Regarding the space programme of the country, ISRO has launched around 5-7 satellites per year in recent years with almost no failures.
- The survey notes that while there is a case for governmental intervention when markets don’t function properly, excessive intervention particularly when the market can do the job of improving citizens’ welfare perfectly well, suppresses economic freedom and generates ‘deadweight loss’.
- Deadweight loss is the loss generated by the wasted opportunity of creating a consumer and producer surplus and diminishes wealth creation by not permitting efficient allocation of entrepreneurial resources and energy to productive activities thereby promoting economic dynamism.
- The GDP growth is pegged at 6-6.5 percent in the fiscal year starting in April.
- Fiscal deficit target may have to be relaxed to revive growth for current fiscal.
- Relying on ten factors like build-up of demand pressure, higher FDI inflows, positive growth of GST revenue), there is an expectation of an uptick in growth in the second half of the current fiscal.
- The Survey demands that the government deliver diligently on reforms in order to revive growth.
- Ethical wealth creation is key to India becoming a USD 5 trillion economy by the year 2025.
With respect to regular women employment, from 2011 – 12 to 2017 – 18, there is an increase of 8%.
- But in rural employment of women, there has been a decline in female labour force participation.
- Debt waivers disrupt the credit culture, reduces formal credit to the same farmers.
- The survey recommends the government to analyse the areas where it intervenes and undermines markets unnecessarily.
- There is a call for improving governance in public sector banks, and bring in more disclosures to enhance trust. The Survey also mentions dwarfism in the banking sector.
- The Survey also suggests to take steps to make it easier to start new business ventures, pay taxes, register property, and enforce contracts.
- Easing of crude prices reduces the current account deficit; imports contract more sharply than exports in the first half of the current fiscal.
- Demand pressure in the economy is weakening as indicated by a declining inflation rate (from 3.2% in April 2019 to 2.6% in Dec 2019).
- During April – November 2019, the GST collections increased by 4.1% for the Centre.
- The Chief Economic Advisor (CEA) commented in the press conference after the Survey release that the impact of the Wuhan Coronavirus on the Indian economy would be very marginal.
- He noted that all groups of countries have slowed down and in a globalized economy, India has also felt the effect.
- He said the economic slowdown since 2017 has been due to the lagged effect of reduced investment from 2013 which occurred due to credit boom-bust.
- The Survey informs that for wealth to be distributed, it first has to be created and called for looking at wealth creators with respect.
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Arthik Sarvekshan 2019-20 Pdf Download Hindi – Volume 1
Economic Survey 2020 Pdf In Hindi Download – Volume 2
Economic Survey 2020 Free Download Pdf
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