Economic Survey 2017-18 – Highlights & Complete Coverage
TEN NEW FACTS ON THE INDIAN ECONOMY
Volume – I
Chap 1. State of the Economy: An Analytical Overview and Outlook for Policy
Chap 2. A New, Exciting Bird’s-Eye View of the Indian Economy Through the GST
Chap 3. Investment and Saving Slowdowns and Recoveries: Cross-Country Insights for India
Chap 4. Reconciling Fiscal Federalism and Accountability: Is there a Low Equilibrium Trap?
Chap 5. Is there a “Late Converger Stall” in Economic Development? Can India Escape it?
Chap 6. Climate, Climate Change, and Agriculture
Chap 7. Gender and Son Meta-Preference: Is Development Itself an Antidote?
Chap 8. Transforming Science and Technology in India
Chap 9. Ease of Doing Business’ Next Frontier: Timely Justice
Volume – I
Chap 1. An Overview of India’s Economic Performance in 2017-18
Chap 2. Review of Fiscal Developments
Chap 3. Monetary Management and Financial Intermediation
Chap 5. Sustainable Development, Energy and Climate Change
Chap 7. Agriculture and Food Management
Chap 8. Industry and Infrastructure
Chap 10. Social Infrastructure, Employment and Human Development
Economic Survey 2017-18: Highlights
- GDP to grow 7-7.5% in FY19; India to regain fastest growing major economy tag
- GDP growth to be 6.75% in FY2017-18
- Policy vigilance required next fiscal if high oil prices persist or stock prices correct sharply
- Policy agenda for next year — support agriculture, privatise Air India, finish bank recapitalisation
- GST data shows 50% rise in number of indirect taxpayers
- Tax collection by states, local governments significantly lower than those in other federal countries
- Demonetisation has encouraged financial savings
- Insolvency Code being actively used to resolve NPA woes
- Retail inflation averaged 3.3% in 2017-18, lowest in last 6 fiscals
- India needs to address pendency, delays and backlogs in the appellate and judicial arenas
- Urban migration leading to feminisation of farm sector
- Rs 20,339 cr approved for interest subvention for farmers in current fiscal
- FDI in services sector rises 15% in 2017-18 on reforms
- Fiscal federalism, accountability to help avoid low equilibrium trap
- India’s external sector to remain strong on likely improvement in global trade
- Technology should be used for better enforcement of labour laws
- Swachh Bharat initiative improved sanitation coverage in rural areas from 39% in 2014 to 76% in January 2018
- Priority to social infrastructure like education, health to promote inclusive growth
- Centre, states should enhance cooperation to deal with severe air pollution
- Suvey 2017-18 in pink colour to highlight gender issues
- Indian parents often continue to have children till they have the desired number of sons