* S.D.

COLLEGE ,
HOSHIARPUR
SESSION:-2022-23

PRESENTATION ON 12th year YEAE PLAN

AND ECONOMIC SURVEY 2021-22
SUBMITTED TO : MRS.CHESTHA
SUBMITED BY: SRISHTI
BBA 5TH SEM 407
 *ECONOMIC PLANNING
*Economic planning is a process in which set
objectives of economic development are
desired to be achieved in a given period of
time.
 * 12TH
YEAR PLAN
ACHIEVEMENTS
* ECONOMIC GROWTH
* Real GDP growth at 8%.
* Agriculture growth at 4%.
* Manufacturing growth at 10%.
* Every state must attain higher growth rate than the rate achieved
during 11th plan.

* POVERTY AND EMPLOYMENT

* Poverty rate to be reduced by 10% than the rate at the end of 11th
plan.
* 5 Crore new work opportunities and skill certifications in non-farm
sector.
* EDUCATION
* Mean years of schooling to increase to 7 years.
* 20 lakh seats for each age bracket in higher education.
* End gender gap and social gap in school enrollment.
* HEALTH
* Reduce : IMR to 25; MMR to 1. Increase Child Sex Ratio to 950.
* Reduce Total Fertility Rate to 2.1
* Reduce under nutrition of children in age group 0-3 to half of NFHS-3 levels.

* INFRASTRUCTURE
* Investment in Infrastructure at 9% of GDP
* Gross Irrigated Area 103 million hectare (from 90 million hectare)
* Electricity to all villages; Reduce AT&C losses by 20%.
* Connect Villages with All Weather Roads
* Complete Eastern and Western Dedicated Freight Corridors.
* Rural Tele-Density to 70%.
* 40 Litre Per Capita Per Day Drinking Water to 50% of rural population; Nirmal
Gram Status to 50% of all Gram Panchayats
 *MEANING OF
ECONOMIC SURVEY
* India's real GDP to record a 11.0% growth in FY2021-22 and
nominal GDP to grow by 15.4%. India expected to have a
Current Account Surplus of 2% of GDP in FY21, a historic high
after 17 years.
* The highlights of the Economic Survey are as follows: State of
the Economy: Indian economy estimated to grow by 9.2
percent in real terms in 2021-22 (as per first advanced
estimates) subsequent to a contraction of 7.3 percent in
2020-21. GDP projected to grow by 8- 8.5 percent in real
terms in 2022-23.
 *STATE OF THE
ECONOMY
*The prospects for global growth have improved but the
pace of recovery will differ across countries.
*The situation of the most vulnerable has become even
more precarious.
* Global trade is in for a strong but uneven recovery.
*The COVID-19 crisis has inflicted more harm on women
and girls.
*Countries need to do more to address the uneven impact
of the COVID-19 crisis.
*SECTORAL TRENDS
* India is the fastest growing large economy in the world, with an
enormous population favourable demographics and high catch-up
potential due to low initial GDP per head.
* As per the World Bank data, in 2017, India became the sixth
largest economy with a GDP of USD 2.59 trillion, relegating
France to the seventh position.
* India is likely to surpass the United Kingdom in the world's largest
economy rankings in 2019, according to a report by global
consultancy firm PwC.
* According to World Economic Outlook report of IMF, India's
economy is expected to grow by 7.5 per cent in the 2019-20
fiscal year, keeping an upward trajectory as the rest of the world
slumps.
* According to report "India's economy is poised to pick up in 2019,
benefiting from lower oil prices and a slower pace of monetary
tightening than previously expected, as inflation pressures ease,"
the report said.
 *KEY POINTS
*Strategy to face the pandemic:

*Response stemmed from the humane principle that:

* Human lives lost cannot be brought back.
* Gross Domestic Product (GDP) growth will recover from the temporary
shock caused by the Covid-19 pandemic.
*India’s policy response also derived from extensive research
on epidemiology, especially that looked at 
Spanish Flu of 1918.
* One of the key insights was that pandemic spreads faster in higher and
denser population and intensity of lockdown matters most at the
beginning of the pandemic.
* Foreign Investment:

* Net Foreign Direct Investment (FDI) inflows of USD 27.5 billion during April-

October, 2020 - 14.8% higher as compared to the first seven months of FY 2019-20.
* Net Foreign Portfolio Investment (FPI) Inflows recorded an all-time monthly high
of 9.8 Billion Dollars in November 2020.

* Agriculture:
Growth:
* The Agriculture and Allied activities clocked a growth of 3.4%.
* As per the Provisional Estimates of National Income released by Central Statistical
Organization in May, 2020, the share of Agriculture and Allied Sectors in 
Gross Value Added (GVA) of the country at current prices is 17.8% for the year
2019-20.
* Export:

* In 2019-20, the major agricultural and allied export destinations were the USA,
Saudi Arabia, Iran, Nepal and Bangladesh.
* The top agriculture and related products exported from India were marine
products, basmati rice, buffalo meat, spices, non-basmati rice, cotton raw, oil
meals, sugar, castor oil and tea.
 * Government Spending:
* An increase in government spending on the healthcare sector – from the
current 1% to 2.5-3% of GDP – as envisaged in the
 National Health Policy 2017 could reduce out-of-pocket expenditures.
* Education:
* India has attained a literacy level of almost 96% at the elementary
school level.
* As per National Sample Survey (NSS), the literacy rate of persons of
age 7 years and above at the All India level stood at 77.7% but
the differences in literacy rate attainment among social-religious
groups, as well as gender still persists.
* Inequality and Growth:
Both inequality and per-capita income (growth) have similar
relationships with socio-economic indicators in India, unlike in
advanced economies.
* Economic growth has a greater impact on poverty alleviation than
inequality.