Header Ads

Economic Survey 2021-22: Key Highlights with Details

Economic Survey 2021-22: Key Highlights with Details

Dear Aspirants, EducationBro is here with a Daily Current Affairs Dose. In this session, we will make the candidates aware of the daily current affairs topics, which will improve their general awareness, while also taking care that the candidates should not have any shortage of trending current affairs related to any country and abroad. Today’s Current Affairs topic is Economic Survey 2021-22: Key Highlights with Details.

Our Daily Current Affairs Dose 2022 will help you to crack the General Awareness section of Banking Insurance SSC Railway UPSC and all government jobs exams.

Economic Survey 2021-22: Key Highlights with Details

Key Highlights with Details: The Union Finance Minister Nirmala Sitharaman tabled the Economic Survey 2021-22 in Parliament.

According to the Economic Survey 2021-22, India will witness GDP growth of 8.0-8.5 per cent in 2022-23, supported by widespread vaccine coverage, gains from supply-side reforms and easing of regulations, robust export growth, and availability of fiscal space to ramp up capital spending.

ECONOMIC SURVEY 2021-22: Key Highlights with Details Given Below

  • As per World Bank, Asian Development Bank (ADB) and IMF projections, India to remain the fastest growing major economy in the world during 2021-24.
  • Indian economy to grow by 9.2% in real terms in 2021-22.
  • Agriculture to grow by 3.9 % in 2021-22 in comparison to 3.6% in the previous year. 
  • Industrial Sector to witness sharp rebound from a contraction of 7% in 2020-21 to expansion of 11.8% in 2021-22.
  • Services to clock 8.2% growth in 2021-22 after a contraction of 8.4% last year.
  • Foreign exchange reserves stood at us$ 634 billion as on 31st December 2021 equivalent to over 13 months of imports and higher than country’s external debt.
  • Investment is expected to see a strong growth of 15% in 2021-22.
  • Consumer price index (CPI) combined inflation of 5.6% in December 2021 is well within targeted tolerance band.
  • Fiscal deficit for April-November 2021 contained at 46.2% of budget estimates.
  • Capital market booms despite pandemic; over RS 89 thousand crore raised via 75 IPO issues in April-November 2021, much higher than in any year in the last decade.
  • Macro-Economic Stability indicators suggest Indian economy well placed .
  • Food Inflation averages at a low of 2.9 percent in 2021-22 (April-December).
  • Effective supply side management keeps prices of most essential commodities under control.
  • Agriculture: GVA registers buoyant growth of 3.9% in 2021-22. 
  • Railways: capital expenditure sees substantial increase to Rs. 155,181 crore in 2020-21; budgeted to further increase to Rs. 215,058 crore in 2021-22, a five times increase compared to 2014 level.
  • Per day road construction increases to 36.5 kms in 2020-21 – rise of 30.4 percent compared to the previous year.

Important facts for upcoming exams from the above Current Affairs Topic

  • President of India: Ram Nath Kovind 
  • Vice President of India: Venkaiah Naidu 
  • Prime Minister of India: Narendra Modi 
  • Chief Justice of India: N. V. Ramana 
  • Lok Sabha Speaker of India: Om Birla 
  • Capital of India: New Delhi 
  • Largest city of India: Mumbai 
  • Official languages of India: Hindi / English 
  • Currency of India: Indian rupee (₹) (INR) 
  • Total Population of India 2018 estimate: Neutral increase 1,352,642,280

Post a Comment