Economic Survey 2022 India Bounces Back e GDP expected to grow by 9.2% in 2021-22 v/s (-) 7.3 in 2020-21 e GDP projected to grow by 8.0-8.5% in 2022-23 e Widespread vaccination e Supply side reforms © Easing of regulations e Export Growth e Capital expenditurefare rarer MINISTRY OF | GOV @, FINANCE 3 aca Economic Survey 2022 India to Remain The Fastest Growing Major Economy in The World during 2021-24 (2) e Indian economy to grow by 9.2% in real terms in 2021-22 e Agriculture to grow by 3.9 % in 2021-22 e Industrial sector to witness sharp rebound from a contraction of 7% in 2020-21 to expansion of 11.8% in 2021-22 Services to clock 8.2% growth in 2021-22 after a contraction of 8.4% last yearfare rarer MINISTRY OF | GOV @, FINANCE 3 aca Economic Survey 2022 India to Remain The Fastest Growing Major Economy in The World during 2021-24 (2/2) e Foreign exchange reserves stood at $ 634 billion as on 3ist Dec 2021, higher than country’s external debt e Investment expected to see a growth of 15% in 2021-22 Over 289,000 crore raised through IPOs in Apr-Nov 2021, higher than any year in the last decadefe tare my MINISTRY OF Vv FINANCE | af aa Economic Survey _ 2022 Economic activity has recovered to pre-pandemic levels 2021-22 after a contraction of 7.3% e India expected to grow by 9.2% in in 2020-21 145.6 475 GDP Pre-Pandemic Level 140 2 Lakh Crore 2018.19 2019-20 2020-21 2021-223 Sek<| ‘Sov Economic Survey 2022 India to Remain The Fastest Growing Major Economy in The World m Oct 2021 m Jan 2022 9 8.5 20 60 52 a) 4 so 38a6 [ fi | 20 I a1e@t & Growth of economy (in%) —= —_ Source: IMF Forecast 2022-233 ESR | ‘Sov Economic Survey »§ 2022 India’s External Trade Recovers Strongly in 2021-22 India was the 4th-largest forex reserves holder in the world* Export of agriculture and allied products grew by 23% Strong capital flows led to rapid accumulation of foreign exchange reserves, On track to attain merchandise export target of $400 billion set for 2021-22 “As of November 2021& asker) SOV Economic Survey 2022 Initiatives Under Aatmanirbhar Bharat Expected to Grow by 11.8% in 2021-22 e Highest ever annual FDI inflow of $82 billion in 2020-21 e Gross bank credit to the industrial sector records growth of 4% e PLI Scheme reduce transaction costs, improves ease of doing business om National Infrastructure Pipeline, National Monetization Plan introduced for infrastructure investment8 ka | Gov Economic Survey 2022 Initiatives Under Aatmanirbhar Bharat Expected to Grow by 11.8% in 2021-22 e 7PM -MITRA with outlay of 24,445 crore approved e Development of semiconductors with outlay of 276,000 crore approved 7 e Roads registered increase : of 30% over 2021-22 1,835 track km per year of new track length added by Railwaysesarra & asker) SOV Economic Survey 2022 Initiatives Under Aatmanirbhar Bharat Expected to Grow by 11.8% in 2021-22 Ujjwala 2.0 launched to provide additional 1 crore LPG connections Liberalised drone rules, revised PLI Scheme for aviation sector Telecom Reforms to boost 4G proliferation & enable investment in SG networks Fastest growth rate in RE capacity by 2.9 times & solar energy by over 18 timesre srerera my 3 ESR | ‘Sov Economic Survey 2022 India on Track to Meet FY22 Fiscal Target e Fiscal Deficit for Apr-Nov 2021 much lower in comparison to previous two years Robust growth in both tax and non-tax revenues during Apr-Nov 2021 Restructuring & prioritisation increase government's total expenditure during Apr-Nov 2021 Capital expenditure registers 13.5 % growth during first three quarters of 2021-22fers eer miniciey of | "OM @, FINANCE 3) aay Economic Survey _ 2022 Despite Pandemic Agriculture Sector Grows 3.9% in 2021-22 & 3.6% in 2020-21 18.8% gross value added for agriculture & allied sectors in 2021-22 Edible oil production increased by 43% from 2015-16 to 2020-21 Allocated over 1,052 lakh tonnes of food grains to States/UTs under NEFS* in 2021-22 Over 59 lakh hectares covered with micro-irrigation under PM Krishi Sinchayee Yojana since 2015-16 *National Food Security Actg fs area "ec MINISTRY OF ‘OV @, FINANCE 8 axa Economic Survey | 2022 Agile & Multi-pronged Approach to Combat COVID-19 e — Rise in Health Expenditure 5 73% 4.72 Increase, 4 . 223 lakh crore 2019-20 2021-22 Expenditure on health sector reaches 2.1% of GDP in 2021-22 against 1.3% in 2019-20ft seer m MINISTRY OF D, FINANCE 3 cea Economic Survey 2022 Promising Growth in Water & Sanitation Facilities Jal Jeevan Mission e = Over 5.5 crore households provided tap water supply since 2019 e — Six States/UTs & 83 districts achieved 100% household tap water supply status Swachh Bharat Mission (Gramin) e Over 10.86 crore toilets built in rural India @ Household sanitation facility increased from 49% in 2015-16 to 70% in 2019-21* “National Family Health Survey-5(fee reer ministry oF | GOV @, FINANCE 8) aay Economic Survey | 2022 Jal Jeevan Mission Tap water connections to households As on 15"" August As on 2”? January & 036 to 109% N96 to 2596 26% to 50% 519% to75% 76% to 100% 100%fret seer m @, FINANCE 3) aay Economic Survey | 2022 Employment Indicators Bounced Back to Pre-Pandemic Levels During Q4 2020-21 © — Swift recovery in labour market indicators Expenditure on Social Services by Centre & States increased from 6.2% in 2014-15 to 8.6% of GDP in 2021-22 BE Increase in the allocation of funds to MGNREGS* Improvement in social indicators such as total fertility rate, sex ratio, etc.* *Mahatma Ganchhi National Aural Employment Guarantee Scheme "National Family Health Survey -5Economic Survey _ 2022 Services Sector contributes Over 50% to GDP Witnessed 10.8% growth during first half of 2021-22 Overall expected to grow by 8.2% in 2021-22 FDI inflow of $16.73 billion received in first half of 2021-22 22.8% increase in net exports of services in first half of 2021-22 IT-Business Process Management revenues reached $194 billion, growing by 2.26% in 2020-21om $k Gov Economic Survey 2022 Employment Bounces Back to Pre-pandemic Levels e Monthly net addition in EPF subscriptions during 2021 surpass levels of corresponding months of 2019 e Demand for MCNREGS work remains higher than pre-pandemic level e 3times additional workforce created between 2018-19 & 2019-20 as compared to 2017-18 & 2018-19 Female workforce contributed to 63% of additional workforce created during 2018-19 & 2019-20fare rarer MINISTRY OF | GOV @, FINANCE 3 aca Economic Survey | 2022 India Committed to Achieve Environmental Goals e = India ranked 3rd globally in gaining forest area; forest cover grows by over 3% during 2011-2021 e India phasing out single use plastic by 2022 e Improvement in compliance status of GPI* in Ganga main stem & tributaries to 81% in 2020 NCAP* being implemented in 132 cities to achieve 20-30% reduction of particulate matter concentrations by 2024 India committed to achieve emission reduction targets by 2030 *Crosely Polluting Industries "’National Clean Air ProgrammeMINISTRY OF ‘Gov ~, FINANCE Ec mic Survey ~2022 Government Spending More on Social Services @ 98% increase in government's social services sector allocation e Health expenditure rose by 73% in 2021-22; education by 20% e Tap water supply provided to more than 8 lakh schools under Jal Jeevan Mission Decline in drop-out rates at primary, upper primary and secondary levels in 2019-20 2019-20 saw an improvement in GER* at all levels and improvement in gender parity Shift of children in rural areas from Private to government schools “Gross Enrolment Ratiog fs area ee MINISTRY OF OV @. FINANCE 88 axa Economic Survey 2022 New India Growth in Delhi Metro on 2021 145 operational Stations 286 operational stations 196.35Km length 390.14 Km length’ ‘As of Dec, 20212011 6 operational Stations 6.7 km length BAILY YAPPA- NAHALLI MG ROAD December, No of Length 2001 Stations (km) Operational 6 67 Pe aa MINISTRY OF | GOV FINANCE xf aan Economic Survey New India Growth in Bangalore Metro 52 operational stations 56.2 km length” December, No of Length 2021 Stations (km) Operational 52 561 Under Construction 80 11664fare MINISTRY OF Cov @, FINANCE 3) aay Economic Survey 2022 New India Growth in Highways *as of August 2021fae rarer mINsTRYOF | GOV FINANCE sf) sen Economic Survey 2022 New India Growth in Airports ‘As of Dec 2021g fs area "ec MINISTRY OF ‘OV @, FINANCE 8 axa Economic Survey | 2022 New India Growth in Electricity(fee reer & anes) SOV Economic Survey | 2022 New India Ensuring Financial Inclusion