Economic Survey Volume 1 Intro- 10 FACTS (Latest)
FACTS ON INDIAN ECONOMY
Total income tax filers- 10 million
- 12.7 crore employees (53%) in non-agricultural sector as per GST data (formal sector)
- Non-agricultural workforce: 24 crores (68th NSSO round 2011)
- States that export more internationally, and trade more with other states, tend to be richer.
- Top 1 percent of Indian firms account for 38 percent of exports; in all other countries, they account for a substantially greater share (72, 68, 67, and 55 percent of exports in Brazil, Germany, Mexico, and USA respectively). And this is true for the top 5 percent, 10 percent, and so on.
- Conclusion – India’s firm export structure is substantially more egalitarian than in other large countries
- The Centre gives garment exporters refunds against all the levies they shell out at the state level.
- Exporters may claim the Remission of State Levies (RoSL) at the rates prevailing prior to the introduction of GST.
- The RoSL scheme is in line with the principle of ‘zero rating’ of export items.
- Duty drawback compensates exporters for the duties paid on inputs used to manufacture exported products.
Skewed in favour of males if it is the last child
Skewed in favour of females if it is not the last child
- Conclusion from Investment and saving analysis- to increase the rate of growth, raising investment is more important than raising savings
- The impact of weather is felt only with extreme temperature increases and rainfall deficiencies
- This impact is twice as large in unirrigated areas as in irrigated ones