Tuesday, May 12, 2015

Understanding Economic Survey 2015 through 22 Images - Part 1

Economic Survey 2015 is a special one, in the sense that it was presented this time, in two Volumes, each of 150 Page, departing from one Volume traditional ritual.

Without much discussion, I will present 22 most important Images in this post, (from Volume 1) which unravel the mysteries of Indian Economics. 

( Btw, click here, if you wish to get your basics right, about Indian Economics, for your GS Preparation - Aspiring Jīvanmuktha: How to approach 'Indian Economics' paper )

Analyse each picture, understand the subtleties. - That part is left to the reader :-p

Next Post will be focusing on the important images from Volume 2.

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 Image 1: WPI vs CPI from 2013 to 2015
Image 1: WPI vs CPI from 2013 to 2015


Image 2: GDP Growth Slowdown towards the end of UPA 2 regime
 Image 2: GDP Growth Slowdown towards the end of UPA 2 regime
 

Image 3: Acceleration in growth of Rural Wages and eventual Slowdown
 Image 3: Acceleration in growth of Rural Wages and eventual Slowdown


Image 4: Neccessary Transformational Properties of a sector for being a growth engine

Image 4: Neccessary Transformational Properties of a sector for being a growth engine

Image 5: Stagnation in Exports of Goods and Services as a % of GDP
 Image 5: Stagnation in Exports of Goods and Services as a % of GDP
  
Image 6: Skewed incentivisation through Policies pertaining to Vasectomies and Tubectomies
  Image 6: Skewed incentivisation through Policies pertaining to Vasectomies and Tubectomies
  
Image 7: Fiscal Deficit over years - Progress on implementation of FRMB Act
 Image 7: Fiscal Deficit over years - Progress on implementation of FRMB Act
  
Image 8: Skewed nature and ill targeting of Fuel Subsidies in India
  Image 8: Skewed nature and ill targeting of Fuel Subsidies in India


Image 9: Peaking of Stalled Projects during UPA 2 era

 Image 9: Peaking of Stalled Projects during UPA 2 era

  
Image 10: Why Projects are being Stalled ? - Types of Stalled Projects

  Image 10: Why Projects are being Stalled ? - Types of Stalled Projects

  
Image 11: Why Projects are being Stalled ? - Reasons
  Image 11: Why Projects are being Stalled ? - Reasons

  
Image 12: Share of NPAs as percent of total advances

  Image 12: Share of NPAs as percent of total advances
  
Image 13: Rate of growth of GFCF - Gross Fixed Capital Formation
  Image 13: Rate of growth of GFCF - Gross Fixed Capital Formation
  
Image 14: Double financial Repression of Indian (Public)Banks
  Image 14: Double financial Repression of Indian (Public)Banks  

Image 15: Domestic Credit to GDP Ratio (very low in India)
  Image 15: Domestic Credit to GDP Ratio (very low in India)

  
Image 16: Investment in Railways - Comparison of India and China
  Image 16: Investment in Railways - Comparison of India and China

  
Image 17: (Non) Addition to Capacity of Indian Railways
  Image 17: (Non) Addition to Capacity of Indian Railways

  
Image 18: CPI,WPI vs growth in Passenger Rates and Freight Rates
  Image 18: CPI,WPI vs growth in Passenger Rates and Freight Rates

Image 19: (Non) Peaking of Employment contribution by Secondary Sector
  Image 19: (Non) Peaking of Employment contribution by Secondary Sector

  
Image 20: What to Make in India ? Manufacturing or Services?

  Image 20: What to Make in India ? Manufacturing or Services?
  
Image 21:Reduction in Under Recoveries to Oil Companies and Hike in Carbon Taxes
  Image 21:Reduction in Under Recoveries to Oil Companies and Hike in Carbon Taxes
  
Image 22: (Theoretical) Alternative Carbon Taxation Strategies
  Image 22: (Theoretical) Alternative Carbon Taxation Strategies

Bonus Image!: Comparison of 13th and 14th Finance Commissions

Bonus Image!: Comparison of 13th and 14th Finance Commissions

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Dont forget to come back, for the Summary of Volume 2 of Economic Survey.

And as always, click on the beclow Image for other UPSC CSE Prep related articles.

Article on CSE Preparation Journey

All the best,
Vivek R.
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