Economic Survey Takeaways
The esteemed members of this circle should in light of these data points below should discuss what measures should be taken or not taken by Govt of India.
the key takeaways from the economic survey:
1) GDP to grow at 6.75 per cent this year and by 7 to 7.5 per cent in the next financial year (2018-19). The mid-term economic survey tabled in August last year had projected the annual GDP at 6.5 per cent.
2) Oil prices remain a major concern
3) Manufacturing growth to rise 8 per cent this year
4) Jobs and agriculture to be key focus areas. Other agenda in the policy include stabilising GST and finishing resolution of Air India
5) Consumption demand to grow next year
6) Agriculture growth at 2.1 per cent this year
7) Private investment is poised for rebound, says economic survey
8) 1.8 million new taxpayers have been added post demonetisation and GST resulting in 50 per cent increase in the number of indirect taxpayers
9) GST revenues have better buoyancy than previous taxes more
the key takeaways from the economic survey:
1) GDP to grow at 6.75 per cent this year and by 7 to 7.5 per cent in the next financial year (2018-19). The mid-term economic survey tabled in August last year had projected the annual GDP at 6.5 per cent.
2) Oil prices remain a major concern
3) Manufacturing growth to rise 8 per cent this year
4) Jobs and agriculture to be key focus areas. Other agenda in the policy include stabilising GST and finishing resolution of Air India
5) Consumption demand to grow next year
6) Agriculture growth at 2.1 per cent this year
7) Private investment is poised for rebound, says economic survey
8) 1.8 million new taxpayers have been added post demonetisation and GST resulting in 50 per cent increase in the number of indirect taxpayers
9) GST revenues have better buoyancy than previous taxes more
Viewed by 2190
View all 30 comments Below 30 comments
I am sure our government do not have the right figures. All these are someone’s estimate and as things happen they find a way for explanation. It is time now that the country starts thinking strategically. My school mate retired from government service and I am from the private service. My friend gets pension from the government. My income decreases with the banks reducing their FD rates whereas my friends pension increases when the government revises their pay structure. What is wrong with me? more
Feb 02
The TOI of 30th January publishes a projected GDP growth of 7.5% in 2018-2019. It appears like the way you look at it........like the CA does the company accounts..... more
Jan 31
Now after GST reforms on direct tax is expected in the budget once this is done growth will take place employment will be created exports will increase only reforms remains on labour policies rest things will fall in place. more
Jan 31
I refer to the statistics of addition of 1.8 million tax payers. The estimated population of India stands at 132 crores. The average growth of population in India is 1.2%. It implies that the average population increase is close to 1.6 crores or around 16 million. Estimating that every year 1.2% population must be adding to the kitty of tax payers i.e on an average around 16 Millions should get added in a normal economic circumstances. The statistics as above reflects only 1.8 million i.e just a 10% of the increase in population. As per economic times report of 2nd May 2016, out of 120 crores population 5.1 crores filed income tax return. Now the population at 132 crores, with the same percentage the number of tax payers in normal way should be 5.28 crores i.e addition of 1.8 million and that is what is the increase in tax payers. Therefore the new addition is just because of increase in population and not due to any effect of demonetization. I may be wrong in the above analysis. Please correct me if I am wrong. more
Jan 31
The GST has been a burden on the public. The price of oil and natural gas should be brought down. The Income Tax slabs should be reduced and more people should be brought under Tax net. more
Jan 31
How do we bring more people in the net? Has this Govt gone about finding ways to get the people who need to pay taxes, into the net, if so, what are the steps taken?The more
Jan 31
