(The Gist of PIB) Key Highlights of Economic Survey 2019-20  [FEBRUARY-2020]

(The Gist of PIB) Key Highlights of Economic Survey 2019-20

Key Highlights of Economic Survey 2019-20

• The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman presented the Economic Survey 2019-20 in the Parliament.

Key Highlights of the Economic Survey 2019-20 are as follows:

• The expenditure on social services (health, education and others) by the Centre and States as a proportion of GDP increased from 6.2 % in 2014-15 to 7.7 % in 2019-20 (BE).
• India’s ranking in Human Development Index improved to 129 in 2018 from 130 in 2017. With 1.34 % average annual HDI growth, India is among the fastest improving countries
• The share of regular wage/salaried employees has increased by 5 percentage points from 18 % in 2011-12 to 23 % in 2017-18.
• A significant jump of around 2.62 crore new jobs with 1.21 crore in rural areas and 1.39 crore in urban areas in this category.
• Total formal employment in the economy increased from 8 % in 2011-12 to 9.98 % in 2017-18.
• Gender disparity in India’s labour market widened due to decline in female labour force participation especially in rural areas. Around 60 % of the productive age (15-59) group engaged in full time domestic duties.
• About 76.7 % of the households in the rural areas and about 96 % in the urban areas had houses of pucca structure.
• A 10 Year Rural Sanitation Strategy (2019-2029) launched to focus on sustaining the sanitation behavior change and increasing access to solid and liquid waste management.

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Courtesy: PIB