Union Minister For Finance - Latest News Update, Information, Photos & Videos on Union Minister For Finance at Lokmat Times

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Thursday tabled the Economic Survey 2018-19 in the Parliament, which says that India's external debt was US$ 521.1 billion at end-December 2018, 1.6 per cent lower than its level at end-March 2018.The other key highlights of Indian economy as depicted in the Survey 2018-19 are as follows:* The key external debt indicators reflect that India's external debt is not unsustainable.* The total liabilities-to-GDP ratio, inclusive of both debt and non-debt components, has declined from 43 per cent in 2015 to about 38 per cent at end of 2018.* The share of foreign direct investment has risen and that of net portfolio investment fallen in total liabilities, reflecting a transition to more stable sources of funding the current account deficit.* The Indian Rupee traded in the range of 65-68 per US$ in 2017-18 but depreciated to a range of 70-74 in 2018-19.* The income terms of trade, a metric that measures the purchasing power to import, has been on a rising trend, possibly because the growth of crude prices has still not exceeded the growth of India's export prices.* The exchange rate in 2018-19 has been more volatile than in the previous year, mainly due to volatility in crude prices, but not much due to net portfolio flows.EXPORTS AND IMPORT BASKET IN 2018-19 (P)* Exports including re-exports Rs 23,07,663 crore* Imports of Rs 35,94,373 crore* Top export items continue to be petroleum products, precious stones, drug formulations, gold and other precious metals* Top import items continue to be crude petroleum, pearl, precious, semi-precious stones and gold.* India's main trading partners continue to be the US, China, Hong Kong, the UAE and Saudi Arabia.* India has signed 28 bilateral and multilateral trade agreements with various country/group of countries.* In 2018-19, exports to these countries stood at US $ 121.7 billion accounting for 36.9 per cent of India's total exports* Imports from these countries stood at US $ 266.9 billion accounting for 52.0 per cent of India's total imports.INDUSTRY AND INFRASTRUCTURE* Overall index of eight core industries registered a growth rate of 4.3 per cent in 2018-19.* India's ranking improved by 23 to 77th position in 2018 among 190 countries assessed by the World Bank Doing Business (DB) Report, 2019.* Road construction grew at 30 km per day in 2018-19 as compared to 12 km per day in 2014-15.* Rail freight and passenger traffic grew by 5.33 per cent and 0.64 per cent respectively in 2018-19 as compared to 2017-18.* Total telephone connections in India touched 118.34 crore in 2018-19* The installed capacity of electricity has increased to 3, 56,100 MW in 2019 from 3, 44,002 MW in 2018.SERVICES SECTOR* Services sector, excluding construction, has a share of 54.3 per cent in India's GVA and contributed more than half of GVA growth in 2018-19.* IT-BPM industry grew by 8.4 per cent in 2017-18 to US $ 167 billion and is estimated to reach US$ 181 billion in 2018-19.* Services sector growth declined marginally to 7.5 per cent in 2018-19 from 8.1 per cent in 2017-18* Accelerated sub-sectors: Financial services, real estate and professional services* Decelerated sub-sectors: Hotels, transport, communication and broadcasting services* Services share in employment is 34 per cent in 2017TOURISM* 10.6 million foreign tourists received in 2018-19 compared to 10.4 million in 2017-18* Forex earnings from tourism stood at US$ 27.7 billion in 2018-19 compared to US$ 28.7 billion in 2017-18.( With inputs from ANI )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Union Minister For FinanceFOLLOW

Union minister for finance, Latest News

Politics :Happy at Centre's decision on Rs 2000 note: Chidambaram

Chennai, May 21 Senior leader of the Congress party and former Union Minister for Finance P. Chidambaram said ... ...

Politics :PM Modi showers praise on Yediyurappa, congratulates Bommai

Bengaluru, July 28 Prime Minister Narendra Modi showered praises on Wednesday on former chief minister B.S. Yediyurappa for ... ...

Business :Economic Survey recommends single code across the country for fixing minimum wages

The Economic Survey of India for the financial year 2018-19 which was tabled in Parliament on Thursday has recommended the amalgamation of four separate wage acts prevalent in the country in order to achieve the goal of inclusive growth. ...

National :Economic Survey 2018-19: Key Points on India's External Debt, Industry, and Export

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Thursday tabled the Economic Survey 2018-19 in the Parliament, which says that India's external debt was US$ 521.1 billion at end-December 2018, 1.6 per cent lower than its level ...