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Latest from economic survey

Will just a capex-focus in the budget work for the economy?

  • Is there a case for prioritizing revenue spending over capital spending in the next budget? Here are three charts which argue why a capex boost alone might not sufficient this year
More than four fifth of investment spending in the Indian economy comes from the private sector(File Photo)
More than four fifth of investment spending in the Indian economy comes from the private sector(File Photo)
Updated on Jan 07, 2022 03:14 PM IST
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By, Hindustan Times, New Delhi

Highlights of Economic Survey 2020-2021

The survey clearly points out the impact of the coronavirus pandemic on the economy as CEA Subramanian said, “India focused on saving lives and livelihoods by its willingness to take short-term pain for long-term gain, at the onset of the Covid-19 pandemic.”
Chief economic advisor Krishnamurthy Subramanian addresses a press conference on Economic Survey 2020-21, in New Delhi.(PTI)
Chief economic advisor Krishnamurthy Subramanian addresses a press conference on Economic Survey 2020-21, in New Delhi.(PTI)
Updated on Jan 29, 2021 08:54 PM IST
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Byhindustantimes.com | Edited by Mallika Soni

What Economic Survey says about V-shaped recovery post Covid-19

Dissecting the impact of Covid-19 on various sectors of the country, the survey said that India's economy witnessed a palpable V-shaped recovery in industrial production over the year.
Finance Minister Nirmala Sitharaman (C) and Krishnamurthy Subramanian (R), chief economic adviser pose during a photo opportunity outside their office in parliament in New Delhi, India, July 5, 2019. (Reuters)
Finance Minister Nirmala Sitharaman (C) and Krishnamurthy Subramanian (R), chief economic adviser pose during a photo opportunity outside their office in parliament in New Delhi, India, July 5, 2019. (Reuters)
Published on Jan 29, 2021 05:35 PM IST
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Byhindustantimes.com | Edited by Arpan Rai, New Delhi

News updates from HT: HAL to flaunt local aircraft at Aero India 2021

Here are today’s top news, analysis and opinion. Know all about the latest news and other news updates from Hindustan Times.
The aircraft to be ordered include 73 Mk-1A fighter jets and 10 LCA Mk-1 trainer aircraft.(PTI file photo)
The aircraft to be ordered include 73 Mk-1A fighter jets and 10 LCA Mk-1 trainer aircraft.(PTI file photo)
Published on Jan 29, 2021 04:54 PM IST
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Byhindustantimes.com, Hindustan Times, New Delhi

FM tables Economic Survey 2020-21 in Lok Sabha

The economy, which was battered by the coronavirus lockdown, is expected to see a strong recovery in the 2021-22 fiscal year.
For the full fiscal, the survey projected a contraction of 7.7 per cent and V-shaped recovery in the next..(Reuters file photo)
For the full fiscal, the survey projected a contraction of 7.7 per cent and V-shaped recovery in the next..(Reuters file photo)
Published on Jan 29, 2021 02:18 PM IST
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PTI | , New Delhi

India needs multiple bad banks to clean balance sheets of lenders, get credit growth back: CII

“As the economy recovers, credit demand from industry will expand. Banks need to gear up to meet this demand. Market mechanism based multiple bad banks can help clean up banks’ balance sheets, encouraging them to lend,” CII stated.
“In the aftermath of Covid, it is important to find a resolution mechanism through a market determined price discovery” CII President Uday Kotak said.(Bloomberg)
“In the aftermath of Covid, it is important to find a resolution mechanism through a market determined price discovery” CII President Uday Kotak said.(Bloomberg)
Published on Dec 20, 2020 05:38 PM IST
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New Delhi | ByPress Trust of India | Posted by Ayshee Bhaduri

Decoding the impact of ECA amendments

The Essential Commodities Act 1955, which the bill amends, is mainly used to curb inflation by allowing the Centre to enable control by state governments of trade in a wide variety of commodities.
States can dictate quantities traders can store and also restrict the movement of any commodity deemed “essential”.(Hindustan Times)
States can dictate quantities traders can store and also restrict the movement of any commodity deemed “essential”.(Hindustan Times)
Updated on Sep 23, 2020 12:28 AM IST
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Hindustan Times, New Delhi | By

US to Haryana, backlash against migrants grows

All are clear signs that the pandemic, and the economic disruption it has inflicted, has added to the already growing backlash against free movement of labour across the world.
At a time when India has also imbibed self-reliance as the cornerstone of post-pandemic recovery, there is a need to seriously examine the implications of such a sentiment.(Yogendra Kumar/HT PHOTO)
At a time when India has also imbibed self-reliance as the cornerstone of post-pandemic recovery, there is a need to seriously examine the implications of such a sentiment.(Yogendra Kumar/HT PHOTO)
Updated on Jul 11, 2020 11:44 AM IST
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Hindustan Times, New Delhi | By, New Delhi

A post-Covid-19 social protection architecture for India

Stronger social protection led by an inclusive growth dividend will protect the vulnerable and drive India’s economic recovery
Migrants returning from Rajasthan, Patna, Bihar, May 9, 2020(Santosh Kumar)
Migrants returning from Rajasthan, Patna, Bihar, May 9, 2020(Santosh Kumar)
Updated on Jun 11, 2020 12:39 PM IST
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ByKarthik Muralidharan

Govt to amend decades-old EC law to deregulate food items, give farmer marketing choice

As a result of the amendment, the stock limit on food products like edible oils, oilseeds, potato and onion will not be imposed in normal cases but only in exceptional circumstances like natural calamities, famine with a surge in prices.
Finance Minister Nirmala Sitharaman said the government will amend the EC Act to make the agriculture sector more competitive and ensure better price realisation to farmers.(AFP)
Finance Minister Nirmala Sitharaman said the government will amend the EC Act to make the agriculture sector more competitive and ensure better price realisation to farmers.(AFP)
Published on May 15, 2020 09:57 PM IST
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New Delhi | ByPress Trust of India

Women’s participation in labour market reflects a declining trend

While women account for almost half of India’s population, their participation in the labour market is almost one-third; the worrying part is that it is declining.
Female labour force participation rate (LFPR) for productive age-group (15- 59 years) has shown a declining trend from 33.1% in 2011-12 to 25.3% in 2017-18.(HT file photo for representation)
Female labour force participation rate (LFPR) for productive age-group (15- 59 years) has shown a declining trend from 33.1% in 2011-12 to 25.3% in 2017-18.(HT file photo for representation)
Updated on Mar 08, 2020 05:35 AM IST
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Hindustan Times | ByK V Subramanian and Surbhi Jain

Adopt a self-regulation model for tech industries

Allow the online entertainment industry to govern itself. It will sustain creativity, ensure growth, boost revenue
India’s entertainment sector today finds itself at a crossroads just like the US gaming industry did in the mid-90s(Bloomberg)
India’s entertainment sector today finds itself at a crossroads just like the US gaming industry did in the mid-90s(Bloomberg)
Published on Mar 04, 2020 07:39 PM IST
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ByVivan Sharan and Akshat Agarwal

‘Budget 2020 one of vision and action, will boost jobs’: PM Modi

PM Modi dubbed it a “Jan Jan ka Budget”, or a budget for every person.
Prime Minister Narendra Modi hailed the decade’s first Union budget.(PTI Photo)
Prime Minister Narendra Modi hailed the decade’s first Union budget.(PTI Photo)
Published on Feb 02, 2020 01:32 AM IST
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Hindustan Times, New Delhi | By

What the Union Budget did not say | Opinion

The focus should have been on rejuvenating the informal economy, not the vision of formalisation
A distress-ridden rural and informal sector has the potential of triggering a contagion in the formal economy as well(Ajay Aggarwal/HT PHOTO)
A distress-ridden rural and informal sector has the potential of triggering a contagion in the formal economy as well(Ajay Aggarwal/HT PHOTO)
Updated on Sep 06, 2020 05:36 PM IST
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Hindustan Times | By

Sensex slumps over 200 points ahead of Union Budget; Nifty tests 11,900

According to analysts, investors are cautious ahead of the Union Budget as all eyes will be on how centre is going to bring growth as any increase in spending would result in widening of fiscal deficit.
Negative cues from global markets amid concerns over China’s coronavirus outbreak continued to weigh on investor sentiment here, traders said.(ANI / Twitter)
Negative cues from global markets amid concerns over China’s coronavirus outbreak continued to weigh on investor sentiment here, traders said.(ANI / Twitter)
Updated on Feb 01, 2020 09:52 AM IST
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Mumbai | ByPress Trust of India

Budget 2020: Nirmala Sitharaman’s second budget may have tax cuts, sops to spur growth

Budget 2020: Nirmala Sitharaman will be aiming to get growth back up with the economy staring at the worst pace of expansion recorded in a decade with her second budget as the second woman finance minister after Indira Gandhi.
Sitharaman will begin her budget speech at around 11am with an address to the Speaker of the Lok Sabha.(PTI)
Sitharaman will begin her budget speech at around 11am with an address to the Speaker of the Lok Sabha.(PTI)
Updated on Feb 01, 2020 08:13 AM IST
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Hindustan Times, New Delhi | By

As government projects growth revival, 4 numbers that define the economy

Headline inflation numbers jumped to 7.35% in December 2019, mainly due to a spike in vegetable and pulse prices.
With nominal GDP expected to grow at a much slower pace than the budgeted targets (7.75% against 12%), revenue collections will take a hit.(AP Representative Image)
With nominal GDP expected to grow at a much slower pace than the budgeted targets (7.75% against 12%), revenue collections will take a hit.(AP Representative Image)
Updated on Feb 01, 2020 08:22 AM IST
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Hindustan Times, New Delhi | By

India to grow 6-6.5% next year: Economic Survey

Growth data released by the ministry of statistics a few hours after the survey was tabled in Parliament said that the Indian economy grew at a slower pace than previously estimated last year (2018-19).
Chief economic advisor K Subramanian addressing a media on the Economic Survey 2019-20.
Chief economic advisor K Subramanian addressing a media on the Economic Survey 2019-20.
Published on Feb 01, 2020 12:28 AM IST
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Hindustan Times, New Delhi | ByRoshan Kishore and Rajeev Jayaswal

Affordability of learning, quality of teaching in govt schools are key issues: Economic Survey

The survey observes that students pursuing education in private aided institutions are spending significantly higher as compared to government institutions across rural-urban India.
Due to absence of competition in government schools, quality of education in such schools or institutions is low. As a result, more and more students prefer to enroll themselves in private institutions, the survey says.(PTI PHOTO.)
Due to absence of competition in government schools, quality of education in such schools or institutions is low. As a result, more and more students prefer to enroll themselves in private institutions, the survey says.(PTI PHOTO.)
Updated on Jan 31, 2020 11:12 PM IST
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Hindustan Times, New Delhi | ByAmandeep Shukla

How to read the economic survey

It seems to suggest that the worst is over. Is it?
Principal Economic Adviser to the Ministry of Finance, Sanjeev Sanyal, and Chief Economic Advisor, Krishnamurthy Subramanian, releasing Economic Survey 2019-20 during the press conference, in New Delhi(ANI)
Principal Economic Adviser to the Ministry of Finance, Sanjeev Sanyal, and Chief Economic Advisor, Krishnamurthy Subramanian, releasing Economic Survey 2019-20 during the press conference, in New Delhi(ANI)
Updated on Jan 31, 2020 08:25 PM IST
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Hindustan Times | By

Eco Survey’s Thalinomics finds veg meals became more affordable than non-veg

The affordability of vegetarian ‘thalis’ improved by 29% between 2006-07 and 2019-2020 while that of non-vegetarian improved by 18, the survey tabled in Parliament by Finance Minister Nirmala Sitharaman said.
Principal Economic Adviser to the Ministry of Finance Sanjeev Sanyal and Chief Economic Advisor Krishnamurthy Subramanian releasing Economic Survey 2019-20 during the press conference, in New Delhi on Friday.(ANI photo)
Principal Economic Adviser to the Ministry of Finance Sanjeev Sanyal and Chief Economic Advisor Krishnamurthy Subramanian releasing Economic Survey 2019-20 during the press conference, in New Delhi on Friday.(ANI photo)
Updated on Jan 31, 2020 04:20 PM IST
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Hindustan Times, New Delhi | ByRajeev Jayaswal

Economic Survey: ‘Indian economy slowed down partly because of weak global growth’: CEA

A government statement said the survey attempts to craft a framework of policies that can foster wealth creation in India, which in turn, would set the economy firmly on an upward growth trajectory,
Chief economic advisor K Subramanian addressing a media on the Economic Survey 2019-20.(ANI Photo)
Chief economic advisor K Subramanian addressing a media on the Economic Survey 2019-20.(ANI Photo)
Updated on Jan 31, 2020 02:48 PM IST
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Hindustan Times, New Delhi | ByHT Correspondent

Economic Survey 2019: Around 2.62 crore new jobs created during 2011-18

69.03 lakh candidates were trained under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) as in November 2019, while there was a 8 per cent increase in regular Employment of Women in 2017-18 over 2011-12.
(Sanchit Khanna/HT PHOTO)
(Sanchit Khanna/HT PHOTO)
Published on Jan 31, 2020 02:39 PM IST
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New Delhi | ByAsian News International

Economic Survey projects 6%-6.5% growth for 2020-21, hints economy bottomed out

India’s gross domestic product (GDP) grew at 4.5% in the second quarter of the current financial year, the lowest since March 2013. According to the National Statistical Office’s (NSO) first advance estimates, India’s GDP is expected to grow at 5% in 2019-20, the lowest since 2008-09.
The Economic Survey 2019-20 tabled in the Parliament on Friday has projected a 6%-6.5% growth for 2020-21(ANI screengrab)
The Economic Survey 2019-20 tabled in the Parliament on Friday has projected a 6%-6.5% growth for 2020-21(ANI screengrab)
Updated on Jan 31, 2020 02:36 PM IST
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Hindustan Times, New Delhi | ByHT Correspondent

Sensex jumps over 200 points ahead of Economic Survey; Nifty holds 12K

In the previous session, Sensex settled 284.84 points lower at 40,913.82, and Nifty closed 93.70 points down at 12,035.80
Kotak Mahindra Bank was the top gainer in the Sensex pack, rallying over 4 per cent(PTI)
Kotak Mahindra Bank was the top gainer in the Sensex pack, rallying over 4 per cent(PTI)
Updated on Jan 31, 2020 10:19 AM IST
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Mumbai | ByPress Trust of India

Economic Survey: From a report card to policy changes

The Economic Survey is a comprehensive analysis of the Indian economy, including its growth and fall, in the past year.
The government will release the Economic Survey for 2019-2020 on Friday(Sanjeev Verma/HT PHOTO)
The government will release the Economic Survey for 2019-2020 on Friday(Sanjeev Verma/HT PHOTO)
Updated on Jan 31, 2020 09:28 AM IST
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Hindustan Times, New Delhi | By

Budget 2020 likely to be presented on February 1, Economic Survey on January 31: Report

In the Economic Survey 2019 which was presented on July 4, a day before the General Budget on July 5 after the Modi government started its second innings in the government, the focus was on “What India needs to become a $10 trillion economy by 2030. “
The idea behind starting the Budget early in February was to complete the budgetary process by March 31, so that expenditure exercise for 12 months could begin on April 1 itself.(Ajay Aggarwal/HT PHOTO)
The idea behind starting the Budget early in February was to complete the budgetary process by March 31, so that expenditure exercise for 12 months could begin on April 1 itself.(Ajay Aggarwal/HT PHOTO)
Updated on Dec 14, 2019 11:51 AM IST
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Indo Asian News Service | ByIndo Asian News Service

Can relocating industries help women job seekers?

Regularisation of unplanned industrial areas can help, as they create home-based work opportunities for them
The minimum wages for piece-rated workers calls for a different approach from the usual time-rated notion(HT)
The minimum wages for piece-rated workers calls for a different approach from the usual time-rated notion(HT)
Published on Sep 17, 2019 07:33 PM IST
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ByEesha Kunduri and Farzana Afridi

Domestic savings down to a decade’s low: Data

Financial liabilities of households are mounting, which is not a good sign, experts say.
A boom in consumption, or spending on various goods and services, from electronic gadgets to holidays, is evident from the flow of retail loans to households, which are growing at a robust 17% annually.(PTI FILE/ Representative Image)
A boom in consumption, or spending on various goods and services, from electronic gadgets to holidays, is evident from the flow of retail loans to households, which are growing at a robust 17% annually.(PTI FILE/ Representative Image)
Updated on Aug 04, 2019 09:01 AM IST
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Hindustan Times, New Delhi | By

India running out of time to cash in on its Gen Z boom

The nation’s population in the under-19 age group has already peaked, government data show. That means the labor force will grow more slowly from here on out.
In just over 20 years, India will be an aging society, similar to where China is now, according to the Economic Survey.(Hindustan Times)
In just over 20 years, India will be an aging society, similar to where China is now, according to the Economic Survey.(Hindustan Times)
Updated on Jul 24, 2019 11:56 AM IST
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Bloomberg | ByRonojoy Mazumdar
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