Economic Survey

Economic Survey 2022 : Fiscal Development – UPSC GS3

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Fiscal Developments:  Sustained revenue collection and a targeted expenditure policy has contained the Fiscal Deficit for April to November, 2021 at 46.2% of Budget Estimates. The revenue receipts from the Central Government (April to November, 2021) have gone up by 67.2% YoY(Year on Year) as against an expected growth of 9.6% in the 2021-22 Budget Estimates. Gross Tax Revenue registers a growth of over 50% during …

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Economic Survey 2022 : Status of Economy – UPSC GS3

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State of the Economy (GDP Growth): The Indian economy is estimated to grow by 9.2% in real terms in 2021-22 (as per first advance estimates) subsequent to a contraction of 7.3% in 2020-21. The Gross Domestic Product (GDP) projected to grow by 8-8.5% in real terms in 2022-23. Projection comparable with World Bank and Asian Development Bank’s latest forecasts of real GDP growth of 8.7% …

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Economic Survey : Labour Migration

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Facts: According to Economic Survey 2016-17, the inter-state migration of workers in India has increased substantially to 90 lakh annually between 2011-16 period compared to the previous years The inter-state labour mobility average was between 50–65 lakh people in the 2001-2011 period. Migration for work and education is accelerating. The acceleration of migration was particularly …

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