Successive plans have allocated less resources to the Railways.
'In contrast to the generally buoyant tone of the Economic Survey in January, he sounds uncharacteristically pessimistic, saying that forces in the world economy -- slowing global trade, protectionism, robots -- will limit India's manufacturing to levels well below what propelled East Asia's economies decades ago.'
India's food inflation was the second lowest among all emerging economies in the 2010.
The government needs to work on how to better converge various social schemes without duplication to effectively address the issues of unemployment and poverty, the Economic Survey said.
Amid increasing problems faced in acquiring forest lands for commercial purposes, the Survey for 2010-11 tabled in Parliament said there should be parity in the compensation package paid. It said there was an 'urgent need to streamline land acquisition and environment clearance for infrastructure projects.'
The Economic Survey 2010-11 states that the infrastructure structure is a mixed bag of performance; some like telecommunications have done exceedingly well and in some others there have been less than targeted achievement.
A PhD from Chicago-Booth and a top-ranking IIT-IIM alumnus, Krishnamurthy Subramanian is one of the world's leading experts in banking, corporate governance and economic policy
The map above shows the disparity in Monthly Consumer Expenditure as reported by the 68th round of National Sample Survey.
The 'bad bank' -- which will help banks clear their balance sheets by transferring the NPAs to special purpose vehicles -- has been one of the most debated ideas for stressed asset resolution.
The government should frame new policies to assure growth.
The hype surrounding the Budget gives it undue importance.
India's food processing minister Subodh Kant Sahay on Thursday met Finance Minister Pranab Mukherjee in New Delhi ahead of the general\nbudget on July 6.
Prime Minister Manmohan Singh has directed Union Agriculture Minister Sharad Pawar to bring out a report on the state of Indian agriculture, to be presented to Parliament every year before the Union Budget.
SBI's home loans, which offer a lower interest rate in the initial years and rate increases in the later years, were termed teaser loans by the Reserve Bank of India.
In the pre-budget Economic Survey 2010-11, the Union finance ministry made a strong pitch for the pro-growth impact of investment in human capital adding, "fortunately, there is awareness of this in India and efforts are afoot in terms of budgetary allocation and actual initiatives to boost the development of skill and human capital."
An upward trend in employment has been continuously observed since July 2009.
IIP-based cumulative industrial output growth during April-December 2010 was 8.6 per cent, on a par with the growth rate of the corresponding months of the previous year, says the Economic Survey 2010-11 which was presented by the Union Finance Minister Pranab Mukherjee in the Parliament on Friday.
The Survey points out that the increased Minimum Support Price along with various other steps taken by the Government have resulted in higher levels of food-grains.
Already, the government's resources are strained due to various fiscal stimulus and the Survey has separately noted that high growth environment creates scope for partial rollback of these stimuli.
The Indian economy is estimated to grow by 6.9 per cent in 2011-12, after having grown at the rate of 8.4 per cent in each of the two preceding years.
The direct and indirect cost incurred by Pakistan on operations against terrorism during the past 10 years amounts to about $68 billion, which is equivalent to almost half of the country's total debt.
Nifty was up 4.7 per cent in past 4 days.
Indian companies raised a total of Rs 2.03 lakh crore of fresh capital from equity and debt markets in the April-December period of 2011, the lowest in three years.
Rising food prices are pinching everybody and he would like to do his bit to increase purchasing power.
India may have achieved a teledensity of over 65 per cent, but as many as 62,443 villages are still to get a taste of telecom revolution that started since 1995-96, says the Economic Survey 2010-11.
Referring to the impact of political turmoil in West Asia, he said the crisis would not hurt the economy unless the crude oil prices rise to 'abnormally' high levels.
Capital flows into India this fiscal year have been the highest in the country's history.
Inflation stood at at a high of 8.23 per cent in January. After touching a high of 18.23 per cent in December, food inflation came down to 11.49 per cent in mid-February.
Ahead of the Budget, the Survey made a case for gradual exit of stimulus provided to the industry.
The Nifty shut shop at 5303, up 40 points.
Making a case for reforms in the pension sector, the Economic Survey 2010-11 on Friday said the Parliament should expeditiously clear the long pending PFRDA Bill.
Endorsing the Economic Survey's emphasis on the farm and the infrastructure sectors for achieving higher economic growth, Finance Minister Pranab Mukherjee said inflation and widening current account deficit remain major areas of concern.
The pre-Budget annual report card on the state of the economy, which was tabled in Parliament on Friday, said the capital markets performed well in 2010, with a record quantum of funds raised in the primary market and the highest-ever levels being reached in the secondary market also.
The survey pointed out that the transmission and distribution losses in the power sector, at 35 per cent, were among the highest in the world.
The continuing debt turmoil in the euro zone area could have an adverse fallout on the Indian economy, hurting its capital flows as well as exports, the Economic Survey said on Friday. Further, it noted that rising international oil prices could aggravate the current account deficit, which is already at high levels.
"Current indications are that India will not only achieve the target of $200 billion but surpass it in 2010-11... The gradual withdrawal of stimulus measures by India and other countries is not likely to adversely affect India's rising exports," the survey said.
Railway Minister Mamata Banerjee will present the Rail Budget on July 1.
With people reposing faith in the UPA and voting for stability, this is the government's chance to fulfill its promises, ensure growth and development of the country, check runaway prices, and offer succour to the aam aadmi.
The wholesale price index inflation is projected at 6.4 per cent for 2017-18.
Economic Survey says Indian carriers operate in an exceptionally high-cost environment.
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