New Delhi: Following are the highlights of the Economic Survey 2017-18 tabled by finance minister Arun Jaitley in the Lok Sabha.
• GDP to grow 7-7.5 per cent in FY19; India to regain fastest growing major economy tag
• GDP growth to be 6.75 per cent in FY2017-18
• Policy vigilance required next fiscal if high oil prices persist or stock prices correct sharply
• Policy agenda for next year - support agriculture, privatize Air India, finish bank recapitalization
• GST data shows 50 per cent rise in number of indirect taxpayers
• Tax collection by states, local governments significantly lower than those in other federal countries
• Demonetization has encouraged financial savings
• Insolvency Code being actively used to resolve NPA woes
• Retail inflation averaged 3.3 per cent in 2017-18, lowest in last 6 fiscals
• India needs to address pendency, delays and backlogs in the appellate and judicial arenas
• Urban migration leading to feminisation of farm sector
• Rs 20,339cr approved for interest subvention for farmers in current fiscal
• FDI in services sector rises 15 per cent in 2017-18 on reforms
• Fiscal federalism, accountability to help avoid low equilibrium trap
• India's external sector to remain strong on likely improvement in global trade
• Technology should be used for better enforcement of labor laws
• Swachh Bharat initiative improved sanitation coverage in rural areas from 39 per cent in 2014 to 76 per cent in January 2018
• Priority to social infrastructure like education, health to promote inclusive growth
• Center, states should enhance cooperation to deal with severe air pollution
• Survey 2017-18 in pink color to highlight gender issues
• Indian parents often continue to have children till they have desired number of sons
