Economic Survey 2017-18 (Volume 1 and Volume 2)

Description

The Economic Survey is the budget document of the Government of India. It presents the state of affairs of the Indian economy. Economic Survey 2017-18 consists of two volumes. Volume 1 provides an analytical overview of the performance of the Indian economy during the financial year 2017-18. It highlights the long-term challenges facing the economy. Volume 2 is a descriptive review of the major sectors of the economy. It emphasizes economic reforms of contemporary relevance like GST, the investment-saving slowdown, fiscal federalism and accountability, gender inequality, climate change and agriculture, science and technology, among others.

About the Author
Ministry of Finance looks after the financial affairs of the State of India and monitors various aspects of the country's economy. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget.

Table of contents

VOLUME I

Acknowledgements
Preface
Abbreviations
Ten New Facts on the Indian Economy

State of the Economy: An Analytical Overview and Outlook for Policy
Overview: Short Term
Overview: The Medium Term
Recent Developments
Outlook for 2017-18
Outlook for 2018-19
A New, Exciting Bird's-Eye View of the Indian Economy Through the GST
Introduction
Taxpayers
Tax Base and its Spatial Distribution
Size Distribution of Inter-Firm Transactions
International Trade, Inter-State Trade and Economic Prosperity
Trading Superstars: Indian Export Egalitarian Exceptionalism
Informality of the Indian Economy
Conclusion
Investment and Saving Slowdowns and Recoveries: Cross-Country Insights for India
Introduction
Identifying Investment and Saving Slowdowns
Saving versus Investment: Growth Consequences
Recovery from "India-Type" Investment slowdowns
Conclusions: Policy Lessons for India
Reconciling Fiscal Federalism and Accountability: Is there a Low Equilibrium Trap
Introduction
Local Governments: What do we know?
State and Local Governments: Posing an entirely different question
Conclusion: A Low Equilibrium Trap?
Is there a "Late Converger Stall" in Economic Development? Can India Escape it?
Introduction
The ButEL
The Four Headwinds ("Horsemen")
Lessons for India
Climate, Climate Change, and Agriculture
Introduction
Temporal and Spatial Patterns of Temperature and Precipitation
Impact of Weather on Agricultural Productivity
Impact on Farm Revenue
Conclusions and Policy Implications
Gender and Son Meta-Preference: Is Development Itself an Antidote
Introduction
India and Other Countries
Performance of the Indian States
Son Preference: Skewed Sex Ratio at Birth (SRB)
Son "Meta-Preference": Sex Ratio of Last Child (SRLC) and "Unwanted" Girls
Conclusion
Transforming Science and Technology in India
Why Science
Inputs and Outputs: Some Evidence
Outputs
Expanding R&D in India: The Way Forward
Ease of Doing Business' Next Frontier: Timely Justice
Introduction
Pendency and Delay: Facts
Pendency and Delay: Possible Reasons
Pendency and Delay: Costs
Central Government Taxes: A Case Study
Expenditure on Administration of Justice
Policy Implications


VOLUME II

An Overview of India's Economic Performance in 2017-18
GDP growth in 2017-18
GDP and its Components
Savings and Investment
Public Finance
Prices and Monetary Management
External Sector
Prospects of Growth for 2018-19
Sectoral Developments
Sustainable Development, Energy and Climate Change
Review of Fiscal Developments
Receipts and Expenditure of Central Government
Receipts
Expenditure and Deficits
State and General Government
Annexure 1
Salient Measures under Indirect Taxes during 2017-18
Salient Measures Taken on Direct Taxes in the Budget 2017-18 and Thereafter
Annexure 2
Policy Initiatives on Investment Management in CPSES
Monetary Management and Financial Intermediation
Monetary Developments during 2017-18
Liquidity Conditions and its Management
Developments in the G-Sec Market
Banking Sector
Credit Growth
Non- Banking Financial Sector
Developments in Capital Market
Insurance Sector
Prices and Inflation
Introduction
Current Trends in Inflation
Drivers of Inflation
State-wise Inflation
Trends in Global Commodity Prices
Efforts to Contain Inflation
Conclusion
Sustainable Development, Energy and Climate Change
Sustainable Development Goals
National SDG Indicators and Baseline
Urban India and Sustainable Development
Access to Sustainable Energy
International Solar Alliance (ISA) Entered into Force
India and Climate Change
Current Multilateral Negotiations and Climate Change
Way Forward
External Sector
Global Economic Environment
India's Balance of Payments Developments
Composition of Trade
Trade Policy
Multilateral Negotiations
Trade Related Logistics
Anti-Dumping Measures
Foreign Exchange Reserves
Exchange Rate
External Debt
Agriculture and Food Management
Overview of Agriculture and Allied sectors
Gross Capital Formation in Agriculture and Allied Sectors
Production of Crops 2016-17
Kharif Production 2017-18
Sowing of Rabi Crops 2017-18
Dynamics of Agricultural Growth
Cropping Pattern in Indian Agriculture
Input Management in Agriculture
Mitigating Risks in Agriculture: Crop Insurance and Crop Loss
Agricultural Credit and Marketing Initiatives
Agriculture Research and Development
Food Management
The Way Forward
Industry and Infrastructure
Industry
Index of Industrial Production (IIP)
Eight Core Industries
Corporate Sector Performance
Foreign Direct Investment
Key Initiatives taken by the Government to Boost Industrial Performance
Sector Wise Issues and Initiatives
Steel Sector
MSME Sector
Textiles and Apparels
Leather Sector
Gems and Jewellery
Infrastructure Sector
Policy Intervention in the Road Sector
Railways
Metro Rail System
Civil Aviation
Shipping
Telecom
Power
Logistics Sector: Exploring the Unexplored
Petroleum and Natural Gas
Housing for All - Some Issues
Services Sector
International Comparison
India's Services Sector
Services GVA
State-Wise Comparison of Services
FDI in India's Services Sector
India's Services Trade
Major Services: Overall Performance
Major Services: Sector-Wise Performance and Some Recent Policies
Tourism
IT-BPM Services
Real Estate and Housing
Research and Development
Space Services
Social Infrastructure, Employment and Human Development
Trends in Social Sector Expenditure
Education for All
Progress in Labour Reforms
Political Empowerment of Women
Health for All
Swachh Bharat Mission (Gramin)
The Way Forward