{"id":40566,"date":"2019-07-04T17:30:32","date_gmt":"2019-07-04T12:00:32","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=40566"},"modified":"2020-01-31T17:00:32","modified_gmt":"2020-01-31T11:30:32","slug":"top-10-economic-survey-2019","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/top-10-economic-survey-2019\/","title":{"rendered":"Top 10 Highlights from Economic Survey 2019 &#8211; Read Now"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The Finance Minister of India, Nirmala Sitharaman tabled the <strong>Economic Survey 2019<\/strong> Document in the Parliament today, 4th July 2019. <strong>Economic Survey gives the overall detailed and analytical summary of India&#8217;s economic performance over the period of last 1 year (i.e. 2018-19) and also lays down the roadmap for the Economic growth and development in the coming years.<\/strong> In this blog we are going to provide you the <strong>Top 10 highlights from the Economic Survey 2019<\/strong>, which are important for<\/span> <a href=\"https:\/\/www.oliveboard.in\/bank-exams\/?ref=nik\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\"><strong>Banking and Government Exams preparation<\/strong><\/span><\/a> <span style=\"color: #000000;\">in general and SBI PO Mains, RBI Grade B preparation in particular. so let us begin -:<\/span><\/p>\n<p><em><strong>Economic Survey 2020:<\/strong> <a href=\"https:\/\/www.oliveboard.in\/blog\/economic-survey-key-highlights\/\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #3366ff;\"><strong>Key Highlights<\/strong><\/span><\/a><\/em><\/p>\n<h2><span style=\"color: #000000;\"><strong>Economic Survey 2019 &#8211; Top 10 Highlights<\/strong><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">1) The Economic Survey 2019 has estimated the <strong>FY20 Annual Economic Growth rate to be at 7%.<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">2) To be <strong>5 Trillion Economy by 2025<\/strong>, India will have to grow at an annual <strong>growth rate of 8% per year<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">3) India will enjoy the <strong>\u201cdemographic dividend\u201d<\/strong> phase in the next two decades but <strong>some states<\/strong> will start transitioning to an <strong>ageing society by the 2030s.<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">4) General <strong>fiscal deficit<\/strong> seen at <strong>5.8%<\/strong> in FY19 VS <strong>6.4%<\/strong> in FY18.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">5) As per the Economic Survey Policymaking needs following 3 things -:<\/span><\/p>\n<ol>\n<li style=\"text-align: justify;\"><strong><span style=\"color: #000000;\">Clear Vision <\/span><\/strong><\/li>\n<li><strong><span style=\"color: #000000;\">Strategic blueprint <\/span><\/strong><\/li>\n<li><strong><span style=\"color: #000000;\">Tactical tools for constant re-calibration.<\/span><\/strong><\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">6) <strong>Average inflation<\/strong> in the <strong>last five years<\/strong> was <strong>less than<\/strong> the inflation level of the <strong>preceding five years<\/strong>, matching the <strong>lowest levels<\/strong> attained in the country&#8217;s <strong>post-independence history<\/strong>, according to the Economic Survey 2019.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">7) The 2019 Economic Survey has estimated an <strong>annual growth rate of 2.9% for the Agriculture sector<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">8) <strong>Rural Wages<\/strong> have started to <strong>grow since mid-2018<\/strong>. These were on a declining trend in the previous few quarters.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">9) India needs to <strong>increase per capita energy consumption<\/strong> to raise real per capita GDP by US$ 5000 and improve its HDI ranking.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">10) The Survey is inspired by Gandhiji&#8217;s Talisman: \u201c\u2026<strong>Recall the face of the poorest woman\/man, and ask yourself, if the step you contemplate is going to be of any use to her\/him.&#8221;<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">(Source &#8211; Economic Times, NDTV, Financial Express)<\/span><\/p>\n<h2><span style=\"color: #000000;\"><strong>Here&#8217;s Your Guide To Survey &#8211; Important Terms Used<\/strong><\/span><\/h2>\n<h3><span style=\"color: #000000;\"><strong>ASER &#8211; Annual Status Of Education Report<\/strong>\u00a0<\/span><\/h3>\n<p>This is an annual survey that aims to provide reliable annual estimates of children&#8217;s schooling status and basic learning levels for each state and rural district in India<\/p>\n<h3><span style=\"color: #000000;\">AT&amp;C &#8211; Aggregate Technical and Commercial<\/span><\/h3>\n<p>The concept of Aggregate Technical &amp; Commercial losses provides a realistic picture of loss situation in the context it is measured. It is a combination of energy loss (Technical loss + Theft + inefficiency in billing)&amp; commercial loss (Default in payment + inefficiency in collection)<\/p>\n<h3><strong><span style=\"color: #000000;\">BE &#8211; Budget Estimates<\/span><\/strong><\/h3>\n<p>It is an estimate of government spending on various sectors during the year, together with an\u00a0estimate\u00a0of the income in the form of tax revenues.<\/p>\n<h3><span style=\"color: #000000;\"><strong>CAD &#8211; Current Account Deficit<\/strong><\/span><\/h3>\n<p>It is a measurement of the country&#8217;s trade where the goods imported exceed by that of exported goods which includes foreign transactions.<\/p>\n<h3><span style=\"color: #000000;\"><strong>CBR &#8211; Cultivated Biological Resources<\/strong><\/span><\/h3>\n<p>It\u00a0 refers to livestock for breeding, dairy, draught, etc. and vineyards, orchards and other plantations of trees yielding repeat products that are under the direct control, responsibility and management of institutional units<\/p>\n<h3><strong><span style=\"color: #000000;\">CIC &#8211; Currency In Circulation<\/span><\/strong><\/h3>\n<p>This term refers to\u00a0<em>cash<\/em>\u00a0or\u00a0<em>currency<\/em>\u00a0within a country that is physically used to conduct transactions between consumers and businesses.<\/p>\n<h3><span style=\"color: #000000;\"><strong>CLSS &#8211; Credit Linked Subsidy Scheme<\/strong><\/span><\/h3>\n<p>CLSS scheme is given under the Pradhan Mantri Awas Yojana. This scheme focusses on helping the Middle-Income Groups, Economically Weaker Sections, and Lower-Income groups.<\/p>\n<h3><span style=\"color: #000000;\"><strong>CoC &#8211; Committee of Creditors<\/strong><\/span><\/h3>\n<p>CoC is a group of highly qualified people who represents the company&#8217;s creditors in a bankruptcy proceeding.<\/p>\n<h3><strong><span style=\"color: #000000;\">DBT &#8211; Direct Benefit Transfer<\/span><\/strong><\/h3>\n<p>DBT is a mechanism for transferring the subsidies launched by the government of India. Transfer of subsidies will be directly into the bank accounts of the people.<\/p>\n<h3><strong><span style=\"color: #000000;\">DIPAM &#8211;\u00a0Department of Investment and Public Asset Management<\/span><\/strong><\/h3>\n<p>DIPAM is a subsidiary of Union Finance Ministry. It advises the government on the Financial fronts over the restructuring of PSU&#8217;s.<\/p>\n<h3><strong><span style=\"color: #000000;\">e-NAM &#8211; Electronic National Agriculture Market<\/span><\/strong><\/h3>\n<p>This is an online platform for trading accessible to the farmers, traders, etc.\u00a0The market is helping in better price discovery and provide facilities for smooth marketing of their produce<\/p>\n<h3><span style=\"color: #000000;\"><strong>EWRs&#8217; &#8211; Elected Women Representatives<\/strong><\/span><\/h3>\n<p>This term refers to the leaders elected by the people for representing the female sections of the society.<\/p>\n<h3><strong><span style=\"color: #000000;\">FFPI &#8211; FAO Food Price Index<\/span><\/strong><\/h3>\n<p>The\u00a0FAO Food Price Index\u00a0is a measure of the monthly change in international\u00a0prices\u00a0of a basket of\u00a0<b>food<\/b>\u00a0commodities.<\/p>\n<h3><span style=\"color: #000000;\"><strong>GCCA &#8211; Grants for Creation of Capital Assets<\/strong><\/span><\/h3>\n<p>Grants for creation of capital assets are defined as \u201cthe grants given by the Central Government to the\u00a0<b>State Governments<\/b>, constitutional authorities or bodies, autonomous bodies\u00a0in aid.<\/p>\n<h3><strong><span style=\"color: #000000;\">GFCF &#8211;\u00a0Gross Fixed Capital Formation<\/span><\/strong><\/h3>\n<p>It measures the value of acquisitions of new or existing\u00a0fixed assets\u00a0by the business sector, governments and &#8220;pure&#8221; households (excluding their unincorporated enterprises)\u00a0<i>less<\/i>\u00a0disposals of fixed assets. GFCF is a component of the expenditure on\u00a0gross domestic product\u00a0(GDP)<\/p>\n<h3><strong><span style=\"color: #000000;\">HPI &#8211; Housing Price Index<\/span><\/strong><\/h3>\n<p>A Housing Price Index is used to measure the rate of change of pricing of households from a certain duration as mentioned.<\/p>\n<h3><span style=\"color: #000000;\"><strong>HYV &#8211; High Yielding Varieties<\/strong><\/span><\/h3>\n<p>High-Yielding Varieties of agricultural crops are usually characterized by a combination of the following traits in contrast to the conventional varieties<\/p>\n<h3><span style=\"color: #000000;\"><strong>ISS &#8211;\u00a0Interest Subvention Scheme<\/strong><\/span><\/h3>\n<p>The interest subvention scheme was introduced to help relieve the farmers of the repayment of loans taken by them.<\/p>\n<h3><strong><span style=\"color: #000000;\">LFPR &#8211;\u00a0Labour Force Participation Rate<\/span><\/strong><\/h3>\n<p>LFPR is defined as the people falling in the age group of 16-64 who are currently employed or are seeking employment.<\/p>\n<h3><strong><span style=\"color: #000000;\">MC11 &#8211;\u00a0Eleventh Ministerial Conference<\/span><\/strong><\/h3>\n<p>11th Ministerial Conference was held in Buenos Aires in Argentina.\u00a0\u00a0It was chaired by Minister Susana Malcorra of Argentina<\/p>\n<h3><span style=\"color: #000000;\"><strong>NAS &#8211; National Accounts Statistics<\/strong><\/span><\/h3>\n<p>NAS keeps the track of the accounts and the details for investment of the government.<\/p>\n<h3><strong><span style=\"color: #000000;\">NCDs &#8211;\u00a0Non-Convertible Debentures<\/span><\/strong><\/h3>\n<p>Non-Convertible Debentures are long-term financial instruments which acknowledge a debt obligation towards the issuer. Some debentures have a feature of convertibility into shares after a certain point of time at the discretion of the owner.<\/p>\n<h3><strong><span style=\"color: #000000;\">NITI &#8211;\u00a0National Institution for Transforming India<\/span><\/strong><\/h3>\n<p>This institute is entrusted with the tasks of overcoming the situational crisis in the country and transform it.<\/p>\n<h3><strong><span style=\"color: #000000;\">OoPE &#8211;\u00a0Out of Pocket Expenditure<\/span><\/strong><\/h3>\n<p>It is often termed as the expenditure that is avoided by the local mass because of the reasons like overpriced r often termed as unnecessary.<\/p>\n<h3><strong><span style=\"color: #000000;\">RGI &#8211;\u00a0\u00a0Registrar General of India<\/span><\/strong><\/h3>\n<p><b>Registrar General<\/b>\u00a0is\u00a0<b>responsible<\/b>\u00a0for arranging, conducting and analyzing results of demographic surveys of\u00a0<b>India<\/b>\u00a0including the Census of\u00a0<b>India<\/b>\u00a0as well as Linguistic Survey of country<\/p>\n<h3><span style=\"color: #000000;\"><strong>WPI &#8211; Wholesale Price Index<\/strong><\/span><\/h3>\n<p>Wholesale Price Index is a measure of changes in the pricing of the goods and other entities before reaching the retail level. It is usually expressed in Percentage or ratio.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">That is all from us in this blog about <strong>Top 10 Highlights from Economic Survey 2019<\/strong>. Keep checking this space for all the major Bank and Government Exam updates, Study Materials and<\/span>\u00a0<a href=\"https:\/\/www.oliveboard.in\/bank-exams\/?ref=nik\" target=\"_blank\" rel=\"noopener\"><strong>Mock Tests<\/strong><\/a>.<\/p>\n<p style=\"text-align: justify;\">If you wish to get in touch with your fellow competitors for preparation of\u00a0<strong><a href=\"https:\/\/www.oliveboard.in\/bank-exams\/?ref=nik\" target=\"_blank\" rel=\"noopener\">Bank &amp; Govt. Exams<\/a><\/strong>, you can visit\u00a0<a href=\"https:\/\/discuss.oliveboard.in\/?ref=nik\" target=\"_blank\" rel=\"noopener\"><strong>Oliveboard\u2019s discuss forum<\/strong><\/a>.<\/p>\n<p style=\"text-align: justify;\">Want more? You can access\u00a0<strong><a href=\"https:\/\/www.oliveboard.in\/bank-exams\/?ref=nik\" target=\"_blank\" rel=\"noopener\">Oliveboard\u2019s Mock Tests<\/a>,<\/strong>\u00a0<strong>study materials, Podcasts, Word lists, etc<\/strong>. from your phone. Download\u00a0<strong><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.oliveboard.prep\" target=\"_blank\" rel=\"noopener\">Oliveboard Mobile App<\/a>\u00a0<\/strong>and prepare on the go<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Finance Minister of India, Nirmala Sitharaman tabled the Economic Survey 2019 Document in the Parliament today, 4th July 2019.<\/p>\n","protected":false},"author":1,"featured_media":40586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,31,60,62,5221,2586,2],"tags":[],"class_list":["post-40566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-bank-exams","category-general-knowledge","category-government-exams","category-homepage-featured","category-notes","category-exam-hacks","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top 10 Highlights from Economic Survey 2019 - Read Now<\/title>\n<meta name=\"description\" content=\"Read the Top 10 Highlights from Economic Survey 2019 in this blog. 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