Tag: Economic Survey 2023-24

Economic Survey 2023-24: Balancing growth and green goals a tightrope walk for India

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The shift to renewable energy could lead to new vulnerabilities in the supply chains for solar panels and critical minerals, the Economic Survey 2023-24 said. File (representational image) | Photo Credit: K. Murali Kumar India’s path to sustainable development is fraught with challenges, as the country grapples with the twin imperatives of meeting burgeoning energy…

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India’s short-term inflation moderate, but requires long-term measures: Economic Survey

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The survey found that specific measures were needed to stabilise prices of food items that recorded high inflation in recent times such as milk and edible oils | Photo Credit: SANDEEP SAXENA Inflation risk outlook in India is under control in the short run, but requires policy measures to achieve long-term price stability, according to…

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Economic Survey 2023-24: Crop insurance to see growth from 2024 onwards, government tech push to boost sector

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The agriculture insurance sector is likely to register growth from 2024 onwards. File | Photo Credit: K.V.S. Giri The agriculture insurance sector is likely to register growth from 2024 onwards, with an average real premium growth of 2.5% over the medium term, according to the Economic Survey 2023-24. Also Read:Economic Survey 2023-24 LIVE updates The…

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Economic Survey 2023-24: Green steel to play key role in low carbon economy globally

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The concept of green steel promotes the production of steel using green energy sources and minimizing the usage of fossil fuels. File (representational image) Green steel will play an important role in reshaping the future of the industry as the world moves towards a low-carbon economy, the Economic Survey for 2023-24 said. The concept of…

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Economic Survey 2023-24: Link skill development with production-linked, job-linked sops in high-growth areas

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Only 4.4% of India’s young workforce is formally skilled, said the Economic Survey 2023-24. File | Photo Credit: M. Moorthy With only 4.4% of India’s young workforce formally skilled, linking skill development with production Linked Incentive (PLI) and employment-linked incentive schemes in high-growth potential sectors like toy, apparel, tourism, logistics and textiles would aid upgrading…

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Economic Survey 2023-24: Only 51% graduates employable

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Image used for representation purpose only. According to the Economic Survey 2023-24, 65% of India’s fast-growing population is under the age of 35, and many lack the skills needed by a modern economy. It also stated that about 51.25% of the country’s youth is deemed employable, according to estimates. This is to say that about…

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Economic Survey 2023-24: Government’s initiatives for cleaner coal need to be promoted

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An auction window is created under the NRS for making coal available for new coal gasification plants | Photo Credit: G. N. Rao The initiatives of the government for cleaner fuel such as coal gasification mission and exploring coal to hydrogen need to be promoted to reduce emission and increase environmental sustainability, the Economic Survey…

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Economic Survey 2023-24: 14% of global iPhones made in India in FY24, country’s electronics export rank up

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A view of an Apple reseller showroom in Mumbai. File | Photo Credit: Reuters US smartphone major Apple assembled 14% of global iPhones in India in FY24 and the country’s ranking in global electronics export improved by four positions, Economic Survey 2023-24 said on July 22. The Survey, tabled in Parliament by Finance Minister Nirmala…

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Economic Survey 2023-24: GST played remarkable role in reducing logistics cost

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The Goods and Services Tax (GST) has played a remarkable role in bringing down the country’s logistics cost, Economic Survey on July 22 said. File | Photo Credit: The Hindu The Goods and Services Tax (GST) has played a remarkable role in bringing down the country’s logistics cost, Economic Survey on July 22 said. The…

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Economic Survey 2023-24 cautions against significant increase in retail investors in stock market

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The Economic Survey 2023-24 on July 22 cautioned against significant increase in retail participation in the stock market, saying expectation of higher returns without real market conditions is a matter of concern. At the same time, it also mentioned that enhanced participation of retail investors lends stability to the capital market and noted the increasing…

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