Economic Survey 2025 Flashcards

(114 cards)

1
Q

Who authored the Economic Survey 2025?

A

V. Anantha Nageswaran - Chief Economic Advisor

Dept of Econo Affairs, Min of Finance

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2
Q

India is the ___ largest producer of cement industries

A

2nd largest

with 290 kg / capita consumption

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3
Q

Acc to Eco Survey, in FY26, GDP likely to grow at?

A

6.3 - 6.8%

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4
Q

Growth rate needed to achieve Viksit Bharat?

A

8%

For a decade or 2 for Viksit Bharat 2047

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5
Q

FY-26 forecast by IMF & Fitch Ratings?

A

6.5

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6
Q

FY26 forecast by ADB & WB?

A

ADB = 7%
WB = 6.7%

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7
Q

Why go for Deregulation particularly at state level?

A
  • Ease of Doing Business 2.0
  • Lowering cost of Business
  • Accelerating emloyment

Govt getting out of the way

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8
Q

Acc to Eco Survey, a consistent growth of __% with a __% share in GVA would absorb surplus labour as output/ worker /ha rise in agri

A

5% growth
20% share of GVA

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9
Q

Acc to eco survey agri income has increased ___% pa compared to __% for non-agri income and ___% in overall economy

A

5.2% - agri
6.2% - non-agri
5.8% - overall

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10
Q

Lower tail dependence was noticed by the eco survey wrt agri yield and rainfall, what does it mean?

A

Correlation between yield losses & rainfall deficits is stronger for extreme rainfall deficienies than for minor variaions

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11
Q

A potential 2 degree rise in temp & a 7% inc in annual rain by 2099 could lead to a ___% dec in agri productivity

A

8-12%

Acc to a study in Economic Survey

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12
Q

Acc to Economic Survey drip irrigation reduces water consumption by ___% & boosts crop yield by ___% compared to flood irrigation.

A

water consumption: 39-55%
crop yield: 33-41%

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13
Q

Acc to economic survey because of drip irrigation farmer benefits inc to?

A

52.9 - 114.5%

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14
Q

Acc to Economic survey CAGR of Fisheries and Meat & eggs is?

A

Fisheries: 8.7%
Meat & eggs: 7.5%

highest value of output in agri

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15
Q

CAGR of Agri & Allied?

A

3.6%

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16
Q

Acc to 1st AE by NSO, current GDP Growth, in FY25 is at?

A

6.4%

Also Real GVA & Gross Fixed Capital Formation (GFCF) = 6.4%

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17
Q

There has been a ___ in FDI inflows compared to 2024

A

decline

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18
Q

Food Inflation inc from 7.5% to ___% in FY25

A

8.4%

Due to higher veg & pulse prices

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19
Q

Acc to Econo Survey, retail inflation was at 5.4% but has eased to?

A

4.9% in Apr-Dec 2024

Aka Headline inflation

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20
Q

Acc to Economic Survey, unemployment is down from 6% to

A

3.2% in 2023-24

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21
Q

Total value of UPI transactions at Rs. __L bn in FY24

A

Rs. 2L bn

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22
Q

Share of services in GVA rose from 50.6% in FY14 to?

Service sector - an old war horse

A

55% in FY25

30% of workforce is in services

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23
Q

IMF has projected a growth of ___% & ___% for 2024 & 25, globally.

A

3.2% in 2024
3.3% in 2025

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24
Q

Private final consumption expenditure (PFCE) at real prices is estimated to grow at?

A

7.3%

driven by a rebound in rural demand

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25
Expected growth of Agri sector acc to the Economic Survey?
3.8% in FY25
26
Acc to the Economic Survey, the industrial & services sector is expected to grow at?
Industrial: 6.2% in FY25 Services: 7.2% in FY25
27
Acc to RBI's FSR, GNPA in banks have declined to a **12 yr low** of?
**2.6%** of gross loans & advances | CRAR dec to 16.7%
28
EPFO subscriptions more than doubled from 61L in FY19 to?
131 L in FY24
29
Recently RBI's monetary policy cut CRR from ___% to ___% | Cash Reserve Ratio - amt banks must park with RNI
4.5% to 4% | to introduces a liquidity of Rs. 1.16 L cr into economy
30
Acc to Economic Survey, the corporate bond market in India is only? | As a percent of GDP
18% | it is 80% in Korea and 36% in China
31
Total insurance premium grew by ___% in FY24
7.7% to ₹ 11.2 L crore | despite a slight decline in insurance penetration to 3.7%
32
insurance penetration in FY24 declined to?
3.7% | from 4%. Drop in Life insurance to 2.7%
33
Insurance density saw a modest rise to?
$95 | From $92 in FY 23
34
To have future ready infrastructure by 2030, investment shd be ___% of GDP | as well as 100% literacy
35% of GDP
35
Acc to **World Econo Outlook by IMF**, India is set to become a $5 tn eco by?
$5 tn by FY28 | and $6 tn by FY30
36
The cement industry has an environmental impact but is actively working to reduce carbon emissions by?
2070
37
India ranks ___ globally in cotton, silk & man-made fibres
2nd globally
38
India's global rank in service sector exports?
7th (4.3% of global export) | US, UK, Germany, Ireland, China, France
39
Which 2 states alone contribute 25% of India's total service sector?
Karnataka & Maha | 19 other states contribute only 25%
40
India produces ___% of the world's cereals | As per ES
11.6% | but crop yields are much lower than top producers
41
Agri & allied sectors contributes approximately ___% of GDP in FY24
16% of GDP at current prices | supports abt 46% of population
42
Micro irrigation covers only __% of India's irrigated area
8% | USA = 68.6% & China = 13.7%
43
____ sector is the largest employer in organised manufacturing with upto ____% employment in the sector.
Food Processing 12.41% | 12% of exports - agri-food + processed food exports
44
A ____% inc in enrollment in higher education from 2014-2022
26.5% | HEIs inc by 13.8%
45
Only ___% of MSME enterprises are owned by women
22% of MSME
46
Female participation in agri is about ____%
64%
47
Ground level agri credit in 2023-24 was? Target for 2024-25?
2023-24: Rs. 25.48 L crore 2024-25: Rs. 27.5 L crore
48
Sub target for allied activities in Ground Level Credit target of India?
Rs. 4.20 L crore
49
India's Capex has continuously improved from FY21-24 and was ___% during July-Nov 2024
8.2%
50
World Trade Uncertainty Index (WTUI) by **Stanford Institute, King Centre on Global Development** and?
IMF | Stanford Institute for Economic Policy Research
51
PMI is released by?
IHS Markit | S&P global, JP Morgan, ISM
52
S&P 500 relates to? NIFTY 50?
Top 500 stock companies in US Top 50 in India | NIFTY 50 by NSE
53
How many RRB branches are there (by 2023)?
21,856
54
BSE stock market capitalisation to GDP ratio stood at ___% in Dec 2024?
136% (Overvalued) | AKA Buffet indicator
55
In Global Pension Index, India's index value is?
44 | From 45, Out of 48: bad. Netherland 1st
56
Global services import & export grew by?
import = 6.7% export = 7.9% | i67-79
57
Global merchandise import & export grew by?
import = 3% export = 3.5%
58
India's rank in Telecommunication, Computer & Info Services export?
2nd 10% of global export market | Acc to UNCTAD: $682 bn
59
We have enough FOREX to cover ___ months of imports
10.9 months | ~ 11 months
60
At the end of Sept 2024, External Debt to GDP ratio is?
19.4% | How much debt out of your earnings?
61
RBI expects headline inflation to be at ___% in FY26?
4.2% in FY26 | Near 'tolerance range'
62
Food inflation excluding TOP vegetables is?
6.5%
63
The Union Government's capital expenditure on key infrastructure sectors has grown from FY20-24 at?
38.8%
64
NICDP is an ambitious Indian Infrastructure initiative by?
DPIIT
65
Yoy inc in RE capacity of solar & wind power by Dec 2024 is ___%
15.8% | RE growth til Dec
66
RE installed capacity of India now stands at ___%
47%
67
India holds ___% of Global Manufacturing Share
2.8% | China is at 28.8%
68
Which country has highest R&D expenditure to GDP?
Israel
69
States that together account for 43% of India's Industrial value?
Guj, Maha, Karnataka, TN | GMKT
70
India is the ___ largest telecom market, with overall teledensity of ___%
2nd 84%
71
India's rank in world tourism receipt?
14th
72
MSP for Arhar & Bajra has been increased by?
59% & 77% respectively
73
expected Kharif foodgrain production for 2024?
1647 LMT | An inc of 89.3 LMT
74
Acc to Economic Survey, ___% of Net Sown Area is irrigated
55% | rest vulnerable to climate change
75
PM GKAY implementation date?
2020-2028
76
How many operational KCC accounts exist?
7.75 crore | interventions MISS, PM FBY, Prompt Repayment Incentive, PM KISAN
77
agri-food export constituted ___% of India's total export
11.7% | share of processed food in agri-food: 23.4%
78
India is the ___ most vulnerable country in climate change and its per capita carbon emissions are ___ of global avg
7th most vulnerable 1/3rd of global avg | Climate adaptation spending rose to 5.6% in FY22
79
____ has introduced new reporting mandates on NAP by UNFCCC | like Sustainability report, green debt securities, Sov Green Bonds
SEBI | reduce emmissions by 45% by 2030
80
Gini Coeff in urban areas fell to ___ in 2023-24
0.28 | from 0.31
81
Gini coeff in rural areas fell to ___- in 2023-24
0.237
82
Govt health expenditure incr from 29% to ___%
48% | Out-of-pocket expenditure dec to 39.4%
83
LFPR inc from 49.3% to?
50.4%
84
F-LFPR has risen from 23.3% to ___% in 2023-24
41.7% | 7 states have more than 40%
85
___% of youth have received formal skill development training
5% | 4.9%
86
MSP for Masur & rapeseed has risen by?
89% 98%
87
Climate adaptation expenditure is ___% of GDP in FY22 from 3.7% in FY16
5.6% | More focus on adaptation than mitigation: no storage
88
____% of all food available is wasted annually, which is ____% of global GHG emissions.
17% wasted >8% GHG
89
Acc to an article by the UN, if food waste were a country, it would be the ____ largest emitting country in the world.
3rd
90
India's CAD stood at?
1.2% of GDP
91
Self Reliant India Fund for MSMEs has a corpus of?
Rs. 50,000 crore
92
Govt's share of SSE to GDP increased from 23.3% to ___% in FY25 | Social Service Expenditure
26.2% | At Rs. 25.7 L Crore
93
SSE witnessed a 21% inc from FY 23-24 and a ___% inc from FY 24-25 | Social Service Expenditure
10%
94
Expenditure on education has grown at a CAGR of ___% to Rs. ___ in FY25 | Compound annual growth rate
12% to Rs. 9.2 L crore in FY25
95
Expenditure on health grew CAGR ___% to Rs. ___ in FY 25
18% Rs. 6.1 L crore in FY25
96
School dropout rates are at ___% in primary, ___% in secondary levels
1.9% in primary 2.14% in secondary
97
At 47% ___ has the highest GER in Higher Education & ___ has the highest of all states and UTs at 64.8%
Tamil Nadu Chandigarh | Chandigarh > Pondi > Delhi. States: HP > Uttarakhand > Kerala
98
GER at national level is?
28.4%
99
The Govt intends to increase GER to ___% by 2035 in higher education, it is currently ___%
50% by 2035 28.4%
100
What is Total Health Expenditure as a % of GDP?
3.8% | reduced from 4%
101
'Medicines from the sky' & i-DRONE are each launched by? | M = Telangana, i-D = Manipur, Nagaland
WEF ICMR - MoHFW | both launched in 2021
102
Distribution of operational landholdings under floriculture for S&M farmers?
96.5% | Marginal 91% and Small 5.6%
103
Acc to Eco Survey, which agri & processed food sector had the highest export % from India?
Floriculture | then processes fruits and vegies, and livestock
104
Acc to Eco Survey, productivity of which crop of India matches the world?
Groundnut | Kharif
105
Acc to Eco Survey, which states have diversified towards: jowar, moong & maize, respectively?
Andhra: Jowar MP: Moong TN: Maize
106
Which of the following legume has the highest production in 2024-25?
Soyabean | Cereals: Rice, Millets: Bajra
107
For measures like PSL, reliance on non-institutional credit sources have reduced to ___% in FY22 from 90%
25% | All banks: 40% to S&M farmers, RRBs: 75%
108
Ground level credit to agri has shown impressive growth with a CAGR of ___% from 2014-15 to 2024-25
13% | 12.9%
109
GLC to agri rose significantly to 25.5 L crore, of which share of **S&M farmers rose to ___% at Rs. 14.4 L crore**
57%
110
To address the training needs of mid-level field extension workers, the government has established 4 extension education institutes in?
Haryana, Telangana, Gujarat, Assam
111
A Composite Index of Agri Sustainability is by? No. of indicators?
ICAR 51 indicators
112
India's score in the composite index of agri sustainability by ICAR is?
0.49 | Moderately Sustainable
113
Contribution of Livestock in Agri & allied GVA is? Where Livestock sector alone represented ___% of total GVA with CAGR of 13%
30% in FY23 5% of total
114
Economic significance of this sector is clearly illustrated by its rising output value of Rs. ____
Rs. 17.25 L crore