Economy for Mains

Key Challenges highlighted by Economic Survey 2022: Increased Inflation: The Survey notes that supply chain disruptions and slow economic growth have

Services: Gross Value Added: GVA of services crossed pre-pandemic level in July-September quarter of 2021-22; however, GVA of contact intensive sectors

Social Infrastructure and Employment: Employment: With revival of the economy, employment indicators bounced back to pre-pandemic levels during the last quarter of

Industry and Infrastructure: The Index of Industrial Production (IIP) grew at 17.4% during April-November 2021 as compared to (-)15.3% in April-November 2020.

Agriculture and Food Management:  The Agriculture sector experienced buoyant growth in the past two years, accounting for a sizable 18.8% (2021-22) in

Sustainable Development and Climate Change: India’s overall score on the NITI Aayog Sustainable Development Goals (SDG) India Index and Dashboard improved to 66 in 2020-21

Prices and Inflation: The average headline Consumer Price Index (CPI) -Combined inflation moderated to 5.2% in 2021-22 (April-December) from 6.6% in the

Monetary Management and Financial Intermediation: The liquidity in the system remained in surplus. Repo rate was maintained at 4% in 2021-22. Reserve Bank of

External Sectors: India’s merchandise exports and imports rebounded strongly and surpassed pre-Covid levels during the current financial year. There was significant pickup in