Thread:
FM .@nsitharaman Ji has tabled #EconomicSurvey report in the #Parliament
It's not just a report but a growth story of Bharat. Now since MSM will not highlight the same as it doesn't fit in its agenda, let me give you ENTIRE highlights of same. Read & feel proud.
1/24
FM .@nsitharaman Ji has tabled #EconomicSurvey report in the #Parliament
It's not just a report but a growth story of Bharat. Now since MSM will not highlight the same as it doesn't fit in its agenda, let me give you ENTIRE highlights of same. Read & feel proud.
1/24
1. State of the Economy – Steady & Strong!
• Economic growth 2023-
Global: 3.2%
Bharat: 8.2% (8+% in 3/4 quarters)
Reason- #Modi Sarkar's focus on maintaining macroeconomic stability ensured that external challenges had minimal impact on India’s economy.
2/24
• Economic growth 2023-
Global: 3.2%
Bharat: 8.2% (8+% in 3/4 quarters)
Reason- #Modi Sarkar's focus on maintaining macroeconomic stability ensured that external challenges had minimal impact on India’s economy.
2/24
• #Modi Sarkar's thrust on Capex- Gross Fixed Capital Formation⬆️9%
•Healthier corporate & bank balance sheets to further strengthen Pvt investment.
•Positive trends in residential real estate market hint household sector capital formation increasing significantly.
3/24
•Healthier corporate & bank balance sheets to further strengthen Pvt investment.
•Positive trends in residential real estate market hint household sector capital formation increasing significantly.
3/24
• Retail inflation declined to 5.4% from 6.7% YoY.
• CAD at 0.7% of GDP. Improvement from deficit of 2 % of GDP YoY with increase in Govt Revenue & Controlled non-productive expenditures.
• Real GDP 20% ⬆️ its level in FY20, indicating strong recovery after Pandemic.
4/24
• CAD at 0.7% of GDP. Improvement from deficit of 2 % of GDP YoY with increase in Govt Revenue & Controlled non-productive expenditures.
• Real GDP 20% ⬆️ its level in FY20, indicating strong recovery after Pandemic.
4/24
2. Infra– Lifting Potential Growth!
•Avg Pace of NH construction increased 3 times from 11.7 km/day in FY14 to 34 km/day by FY24.
• Capital expenditure on Railways⬆️ by 77% in past 5 years. Major investment in construction of new lines, gauge conversion & doubling.
5/24
•Avg Pace of NH construction increased 3 times from 11.7 km/day in FY14 to 34 km/day by FY24.
• Capital expenditure on Railways⬆️ by 77% in past 5 years. Major investment in construction of new lines, gauge conversion & doubling.
5/24
• New terminals at 21 airports operationalised. Passenger capacity ⬆️by 62 Million passengers p.a.
• Bharat’s rank in World Bank Shipments Logistics Performance Index improves to 22nd. (44 in 2014)
• Clean energy gets new investment of USD 102.4 Billion b/w 2014-23.
6/24
• Bharat’s rank in World Bank Shipments Logistics Performance Index improves to 22nd. (44 in 2014)
• Clean energy gets new investment of USD 102.4 Billion b/w 2014-23.
6/24
• UJALA Scheme resulted in energy savings of 48.42 billion kWh p.a, GHG emission reduction of 39.30 million tonne CO2 p.a & annual monetary savings of ₹19335 Crore in consumer electricity bills.
• Khelo India: 38 new infra projects sanctioned, 58 projects completed.
7/24
• Khelo India: 38 new infra projects sanctioned, 58 projects completed.
7/24
• 945 km of metro rail or RRTS lines are operational. 939 km under construction in 27 cities.
• Jal Jeevan Mission- Tap water connections⬆️to more than 14.89 Crore Rural Households (76.12%).
• DigiLocker platform reached 26.28+ Crore users & 674+ Crore documents.
8/24
• Jal Jeevan Mission- Tap water connections⬆️to more than 14.89 Crore Rural Households (76.12%).
• DigiLocker platform reached 26.28+ Crore users & 674+ Crore documents.
8/24
Today Bharat has
• 55 active space assets incl. 18 commñ satellites,9 navigation satellites, 5 scientific satellites, 3 Meteorological Satellites & 20 Earth Observation satellites.
• 8.02 Lakh Mobile Towers, 29.37 Lakh Base Transceiver Stations & 4.5 Lakh 5G BTSs.
9/24
• 55 active space assets incl. 18 commñ satellites,9 navigation satellites, 5 scientific satellites, 3 Meteorological Satellites & 20 Earth Observation satellites.
• 8.02 Lakh Mobile Towers, 29.37 Lakh Base Transceiver Stations & 4.5 Lakh 5G BTSs.
9/24
3. Services- Fuelling Growth Opportunities
• Services sector contribution to Bharat's growth-55% of total economy.
• Services sector growth 7.6%
•Services PMI above 50 since Aug 21. Continuous expansion for last 35 months. March 2024- PMI⬆️to 61.2
10/24
• Services sector contribution to Bharat's growth-55% of total economy.
• Services sector growth 7.6%
•Services PMI above 50 since Aug 21. Continuous expansion for last 35 months. March 2024- PMI⬆️to 61.2
10/24
• Globally, Bharat’s services exports constituted 4.4% of World's commercial services exports. Services exports at 44% of total exports LY.
• Services sector credit ₹45.9 Lakh Crore in Mar 2024, with a YoY growth 22.9%.
• Passenger traffic of Railways⬆️by 5.2% YoY.
11/24
• Services sector credit ₹45.9 Lakh Crore in Mar 2024, with a YoY growth 22.9%.
• Passenger traffic of Railways⬆️by 5.2% YoY.
11/24
• Railway freight revenue⬆️5.3% YoY.
• Aviation⬆️15% YoY in air passengers handled at Bharat’s airports.
• Foreign exchange earnings share in world tourism receipts⬆️ from 1.38% in 2021 to 1.58% in 2022.
• Technology start-ups- 2000 in 2014 to 31000 in 2023.
12/24
• Aviation⬆️15% YoY in air passengers handled at Bharat’s airports.
• Foreign exchange earnings share in world tourism receipts⬆️ from 1.38% in 2021 to 1.58% in 2022.
• Technology start-ups- 2000 in 2014 to 31000 in 2023.
12/24
4. Social Sector - Benefits that Empower
• 34.7+ Crore Ayushman Bharat cards generated. 7.37+ Crore hospital admissions facilitated. Scheme saved 1.25+ Lakh Crore out-of-
pocket expenditure for poor & deprived families.
•Over 2.63 crore houses built for the poor.
13/24
• 34.7+ Crore Ayushman Bharat cards generated. 7.37+ Crore hospital admissions facilitated. Scheme saved 1.25+ Lakh Crore out-of-
pocket expenditure for poor & deprived families.
•Over 2.63 crore houses built for the poor.
13/24
•11.57 Crore toilets constructed under Swachh Bharat Mission.
• Women Empowerment programme covers 89+ Million women through 8.3 Million Self Help Groups.
5. Climate Change & Energy Transition-
▪︎Non-fossil sources share in electricity generation cap. reaches 45.4%.
14/24
• Women Empowerment programme covers 89+ Million women through 8.3 Million Self Help Groups.
5. Climate Change & Energy Transition-
▪︎Non-fossil sources share in electricity generation cap. reaches 45.4%.
14/24
• Energy needs to grow 2.5 times by 2047.
• Govt issued sovereign green bonds of ₹36000 Crore in 2023 for public sector projects to⬇️carbon emissions.
5. Inflation-
Govt’s policies & RBI's stability measures keep retail inflation at 5.4%-lowest since pandemic.
15/24
• Govt issued sovereign green bonds of ₹36000 Crore in 2023 for public sector projects to⬇️carbon emissions.
5. Inflation-
Govt’s policies & RBI's stability measures keep retail inflation at 5.4%-lowest since pandemic.
15/24
6. Industry -
• Economic growth of 8.2% in FY24 was supported by industrial growth rate of 9.5%. Manufacturing & construction nearly reached double-digit growth. Mining & quarrying and electricity & water supply also experienced significant positive growth in FY24.
16/24
• Economic growth of 8.2% in FY24 was supported by industrial growth rate of 9.5%. Manufacturing & construction nearly reached double-digit growth. Mining & quarrying and electricity & water supply also experienced significant positive growth in FY24.
16/24
• In FY24, Bharat produced 997.2 million tonnes of coal, imported 261 million tonnes & consumed 1233.86 million tonnes.
• Bharat’s pharma market at USD 50 Billion is World's 3rd largest by volume.
•Textiles & apparel exports increase by 1%. Reach ₹2.97 Lakh Crore.
17/24
• Bharat’s pharma market at USD 50 Billion is World's 3rd largest by volume.
•Textiles & apparel exports increase by 1%. Reach ₹2.97 Lakh Crore.
17/24
• Domestic prodñ of Electronics ⬆️ to ₹8.22 Lakh Crore. Exports
⬆️to ₹1.9 Lakh Crore in FY23.
• ₹1.28 Lakh Crore investments in Atmnirbhar Bharat till May24, led to prodñ/sales of ₹10.8 Lakh Crore & employment generation (direct & indirect)of ₹8.5+ Lakh under PLI.
18/24
⬆️to ₹1.9 Lakh Crore in FY23.
• ₹1.28 Lakh Crore investments in Atmnirbhar Bharat till May24, led to prodñ/sales of ₹10.8 Lakh Crore & employment generation (direct & indirect)of ₹8.5+ Lakh under PLI.
18/24
• Credit Guarantee Fund for MSME approved 91.76 Lakh guarantees totalling ₹6.78 Lakh Crore.
• Granted patents⬆️17-fold from 5978 in 14-15 to 103057 in 23-24. 45+% recognised start-ups emerging from Tier 2/3 cities. DPIIT-recognised start-ups⬆️to 1.25+Lakh by Mar24.
19/24
• Granted patents⬆️17-fold from 5978 in 14-15 to 103057 in 23-24. 45+% recognised start-ups emerging from Tier 2/3 cities. DPIIT-recognised start-ups⬆️to 1.25+Lakh by Mar24.
19/24
7. Employment-
•Bharat's labour market indicators have improved in last 6 years, with unemployment rate⬇️to 3.2% in 22-23.
•Net payroll additions under EPFO have more than doubled in past 5 years, signalling healthy growth in formal employment.
20/24
•Bharat's labour market indicators have improved in last 6 years, with unemployment rate⬇️to 3.2% in 22-23.
•Net payroll additions under EPFO have more than doubled in past 5 years, signalling healthy growth in formal employment.
20/24
8. External Sector-
•Bharat’s rank in World Bank’s Logistics Performance Index⬆️by six places, from 44th in 2018 to 38th in 2023.
•Bharat’s CAD narrowed 0.7% in FY24.
•Services exports⬆️by 4.9%to USD 341.1 Billion.
21/24
•Bharat’s rank in World Bank’s Logistics Performance Index⬆️by six places, from 44th in 2018 to 38th in 2023.
•Bharat’s CAD narrowed 0.7% in FY24.
•Services exports⬆️by 4.9%to USD 341.1 Billion.
21/24
•Bharat top remittance recipient country globally, reaching milestone $120 billion in 2023.
•+ve net foreign portfolio investment inflow in FY24.
•Mar24-Bharat’s forex reserves sufficient to cover >10 months of projected imports for FY25 & 98% of external debt.
22/24
•+ve net foreign portfolio investment inflow in FY24.
•Mar24-Bharat’s forex reserves sufficient to cover >10 months of projected imports for FY25 & 98% of external debt.
22/24
•Bharat’s external debt has been sustainable over years, with the external debt to GDP ratio standing at 18.7% at March end 2024.
9. Monetary Management-
•Primary capital markets facilitated capital formation of ₹10.9 Lakh Crore during FY24.
•NPA all time low.
23/24
9. Monetary Management-
•Primary capital markets facilitated capital formation of ₹10.9 Lakh Crore during FY24.
•NPA all time low.
23/24
•Market capitalisation of Bharatiya stock market has market capitalisation to GDP ratio, being 5th largest in World.
These are main features of #EconomicSurvey of #Modi Sarkar. I have focused only on statistical figures without going in details of policy measures.
Data doesn't lie & this data clearly indicates the Power of Bharat as Economic Fortress of a Nation which is rising fast as Global Powerhouse!
Credit to Modi Sarkar and especially to PM .@narendramodi Ji & FM .@nsitharaman Ji.
Thank you for patiently reading the long thread. 🙏
24/24
Ps: I request you to retweet max as my account is heavily reported to kill my reach for exposing lies & agenda of Anti-Bharat forces. So pls retweet max if you agree with my above information. We can break such False Narratives ONLY by showing unity. Thank all in advance 🙏
These are main features of #EconomicSurvey of #Modi Sarkar. I have focused only on statistical figures without going in details of policy measures.
Data doesn't lie & this data clearly indicates the Power of Bharat as Economic Fortress of a Nation which is rising fast as Global Powerhouse!
Credit to Modi Sarkar and especially to PM .@narendramodi Ji & FM .@nsitharaman Ji.
Thank you for patiently reading the long thread. 🙏
24/24
Ps: I request you to retweet max as my account is heavily reported to kill my reach for exposing lies & agenda of Anti-Bharat forces. So pls retweet max if you agree with my above information. We can break such False Narratives ONLY by showing unity. Thank all in advance 🙏
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