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Highlights of Economic Survey 2016-2017

By finminadmin, 30 May, 2022

The Economic Survey for 2017 was tabled in Parliament on January 31st 2017.

The following are the main highlights from the report.

  • While the growth rate for this financial year will 6.75 to 6.75 percent
  • Demonetisation has affected the growth rate by 0.25 to 0.5 percent which is less adverse than what was expected.
  • GST bill has been passed and is expected to be available by July 2017.
  • Foreign Direct Investments (FDI) to the country was highest ever in any year at USD 55 billion.
  • Jan Dhan, Kisan credit, RuPay card and Bhim has taken the banking system to more people.
  • Farming sector growth expected at 4.1 percent.
  • Urged debate on Universal Basic Income to combat poverty.
  • Countries reliance on fossil fuel needs to be reduced.
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