Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman tabled the Economic Survey 2018-19 in the Parliament today, i.e. 04-07-2019.
The Government has projected the real GDP growth for the year 2019-20 at 7 per cent, on the back of an anticipated pickup in the growth of investment and acceleration in the growth of consumption.
India continues to remain the fastest growing major economy in the world in 2018-19, despite a slight moderation in its GDP growth from 7.2 per cent in 2017-18 to 6.8 per cent in 2018-19. On the other hand, the world output growth declined from 3.8 per cent in 2017 to 3.6 per cent in 2018
Meaning of Economic Survey and its significance:
Economic Survey is succinct of the annual economic development of the economy keeping all the aspects in the account. The Chief Economic Advisor in the Ministry of Finance is responsible for preparing the economic survey. It provides detailed statistical data of the survey. It has details of various sectors and also is a source to implement and modify policy decisions.
Following are the heads under which the economic survey of 2018-19 has been laid down:
- Shifting gears: Private Investment as the Key Driver of Growth, Jobs, Exports and Demand
- Policy for Real People, Not Robots: Leveraging the Behavioral Economics of “Nudge”
- Nourishing Dwarfs to become Giants: Reorienting policies for MSME Growth
- Data “Of the People, By the People, For the People”
- Ending Matsyanyaya: How to Ramp up Capacity in the Lower Judiciary
- How does Policy Uncertainty affect Investment?
- India’s Demography at 2040: Planning Public Good Provision for the 21st Century
- From Swachh Bharat to Sundar Bharat via Swasth Bharat: An Analysis of the Swachh Bharat Mission
- Enabling Inclusive Growth through Affordable, Reliable and Sustainable Energy
- Effective Use of Technology for Welfare Schemes – Case of MGNREGS
- Redesigning a Minimum Wage System in India for Inclusive Growth
- State of the Economy in 2018-19: A Macro View
- Fiscal Developments
- Money Management and Financial Intermediation
- Prices and Inflation
- Sustainable Development and Climate Change
- External Sector
- Agriculture and Food Management
- Industry and Infrastructure
- Services Sector
- Social Infrastructure, Employment and Human Development
[Press Release dt. 04-07-2019]
Ministry of Finance
