Where is India headed? Read it in the Economic Survey

THE ECONOMIC TIMES Tue, Jan 31, 2017 | 05:57 PM IST ET Special Newsletter

Economic Survey 2016-2017 Union finance minister Arun Jaitley tabled the Economic Survey 2016-17 in Parliament during the first day of the budget session. The survey projects the economy to grow in the range of 6.75% to 7.25% in the next fiscal year 2017-18 in the post-demonetisation year, with a growth rebound to 6.75 to 7.5% in 2017-18.

Black money: It could be Rs 3 lakh crore or Rs 7.3 lakh crore, says Economic Survey Several studies have been undertaken in the past to estimate and tackle the black money problem. But they have failed to throw up an official estimate. Thanks but no thanks! Economic Survey calls rating agencies' bluff The survey talked about 'contrasting experiences' of change in sovereign ratings assigned by rating agencies to China and India over the past couple of years. Was Modi's note ban worth the trouble? Read to know Once the cash supply is replenished, which is likely to be achieved by end-March 2017, the economy would revert to the normal.

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UBI an alternative to subsidies for poverty alleviation: Economic Survey The Survey estimated that a UBI that reduces poverty to 0.5% would cost 4-5% of GDP, assuming that those in the top 25% income bracket are not part of it. read more...

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Property prices fell due to cash crunch, may dip further: Economic Survey Demonetisation could have the particularly profound impact on the real estate sector," the survey said in an analysis on the impact of note ban. Universal income better help than subsidies: Economic Survey The survey says that a UBI that reduces poverty to 0.5 per cent would cost between 4-5 percent of GDP, assuming that those in the top 25 per cent income . Economic Survey moots formation of public sector asset rehabilitation agency As per the survey, gross NPAs has climbed to almost 12 per cent of gross advances for public sector banks at end-September 2016. Economic Survey instant view: India's GDP seen growing 6.75 to 7.75 % in 2017/18 "There may be a 25 bps cut (in the upcoming monetary policy review), but it will also depend on what the U.S. does." 5 takeaways from Economic Survey that Modi government should not ignore The survey, which sets the tone for tomorrow's budget, said the implementation of wage hikes and muted tax receipts would put pressure on the fiscal front. CEA Arvind Subramanian estimates basic income for the poor: Rs 7,620 p.a. Subramanian writes it is not an easy calculation because it depends on a number of objectives and assumptions. Business unites India, language no barrier to movement: Economic Survey "While internal political borders impede the flow of people, language does not seem to be a demonstrable barrier to the flow of people," it says. Labour, tax reforms to boost apparel, leather sectors: Economic Survey "In the case of leather, the FTA might give India an advantage relative to competitors. In both cases, the incremental impact would be positive," as per the 2016-17 report card. Subsidy bill up by 5 per cent in April-November 2016: Economic Survey In the Budget for this fiscal, the subsidies on food, fertiliser and petroleum were pegged lower at nearly Rs 2.31 lakh crore. GDP growth for FY18 to be in range of 6.75% to 7.5%: Economic Survey Central Statistical Organisation had estimated a GDP growth of 7.1% for 2016-17 earlier in January, without taking into account the effect of note ban.

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