Healthy prospects for India's external sector: Economic Survey

Economic Survey 2018 To Be Tabled In Parliament Today 5 Things To Know

The Survey cautioned that on several indicators, notably employment, use of reversible contraception, and son preference, India has some distance to traverse despite the country's economic progress.

Already farm incomes have fallen because of the rising cost of production while crop prices have not risen, presenting a potential risk to Modi's Bharatiya Janata Party (BJP) in the upcoming election after it barely won re-election in his home state of Gujarat last month.

Ahead of the Budget session of Parliament beginning on January 29, representatives of the government and the opposition met in New Delhi to discuss the issues and proposed legislation which would come up.

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Democrats are countering with their own memo, saying that the GOP memo has misleading findings. And I say reportedly because, as you said, this memo is classified.

Deriving many data points from the implementation of GST, as a precedent, the survey details statewise worldwide exports and draws a strong correlation between exports and the states' standard of living. "Looking at the achievements of the past year, the launch of the transformational GST was certainly the major one", Chief Economic Advisor Arvind Subramanian, who prepared the Survey, said.

The Survey foresees higher than expected inflation in the second half of the current fiscal and projects a nominal GDP growth rate of 10.5% against 9.5% estimated by CSO.

Talking about the Economic Survey 2018 which was tabled in Parliament today, the CEA said, "Government does not have to do anything radical".

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It suggested that an effective response will encompass multiple levers and strategies, above all creating a climate for rapid economic growth on the strength of the only two truly sustainable engines -? private investment and exports. Economic Survey is likely expects FY19 Growth to be led by Industrial Revival. It sees India's gross domestic product expanding to about 7-7.5 percent next financial year and warned economic management will be challenging in the coming year due to the overall economic and political background.

With regards to the outlook for this year, Subramanian said the government is not in need of radical reforms but must finish all that has been started. "However, despite an improvement in the number of schools complying with PTR norms, States like Bihar, Jharkhand, Madhya Pradesh, and Uttar Pradesh have a high percentage of schools with a PTR of more than 30 compared to other States", the Survey said. The consumer demand is likely to be aided by low real estate says economic survey.

However, the report said, the enactment of Real Estate (Regulation & Development) Act would bring accountability, leading to higher growth in the real estate value chain.

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Whereas the traders who further want to see about this, may be interested to see Price to next year's EPS that would be 13.20%. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development.

The finance ministry added in a statement that there are still worries about the coming fiscal year, especially the possibility of an increase in prices of crude oil in the global market.

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