Economic Survey Volume 1 Intro- 10 FACTS (Latest)

ECONOMIC SURVEY   

VOLUME I 

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

 

ROSL-

 

  • 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.

 

 

Skewness-

 

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