Economic Survey 2014_ Highlights - Page 2 - Economic Times P2

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  • 8/11/2019 Economic Survey 2014_ Highlights - Page 2 - Economic Times P2

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    Tags: Wholesale price index | stocks | risk | product | net worth | Natural gas | money market |

    Modi Government | mentoring | liquidity | Insurability | Inflation | human development index | GDP growth |

    gasoline | Finance Ministry | endorsements | Economic Survey 2014 | Economic survey | current account |

    Crude oil | consumer price index | budget

    (Page 2 of 2)

    EconomicSurvey 2014:HighlightsJul 9, 2014, 12.29PM IST

    - Major sector-wise performance of core industries and infrastructure services during 2013-14 shows a mixed

    trend. While the growth in production of power and fertilizers was comparativelyhigher than in 2012-13, coal,

    steel, cement, and refinery production posted comparatively lower growth. Crude oil and natural gas

    production declined during 2013-14.

    - The performance of the coal sector in the first two years of the Twelfth Plan has been subdued with

    domestic production at 556 MT in 2012-13 and 566 MT in 2013-14.

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    - A total length of 21,787 km of national highways has been completed till March 2014 under various phases

    of the NHDP. In spite of several constraints due to the economic downturn, the NHAI constructed 2844 km

    length in 2012-13, its highest ever annual achievement. During 2013-14 a total of 1901 km of road

    construction was completed.

    - From the infrastructure development perspective, while important issues like delays in regulatory approvals,

    problems in land acquisition & rehabilitation, environmental clearances, etc. need immediate attention, time

    overruns in the implementation of projects continue to be one of the main reasons for underachievement in

    many of the infrastructure sectors.

    CHAPTER 12: SUSTAINABLE DEVELOPMENT & CLIMATE CHANGE

    - Human- induced Greenhouse gas (GHG) emissions are growing and are chiefly responsible for climate

    change.

    - The world is not on track for limiting increase in global average temperature to below 2?C, above pre-

    industrial levels. GHG emissions grew on average 2.2 per cent per year between 2000 and 2010, compared to

    1.3 per cent per year between 1970 and 2000.

    - There is immense pressure on governments to act through two new agreements on climate change andsustainable development, both of which will be global frameworks for action to be finalized next year.

    - The cumulative costs of India's low carbon strategies have been estimated at around USD 834 billion at

    2011 prices, between 2010 and 2030.

    CHAPTER 13: HUMAN DEVELOPMENT

    India's Human Development Rank and performance

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  • 8/11/2019 Economic Survey 2014_ Highlights - Page 2 - Economic Times P2

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    201 4 Bennett, Coleman & Co. Ltd. All righ ts reserved Index by Key word|Index by Date

    Readers' opinions (3)

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    09 Jul, 2014 06:06 PM

    P P Rajagopalan(Chennai)

    India ranked 12th in terms of services GDP and is the second fastest growing s ervices sector with its CAGR at

    9.0 per cent is a dubious distinction. Contrast it with the fact that industry grew by just 1.0 per cent in 2012-13 and

    slowed further in 2013-14. Much of the service sector, for eg. insurance, is parasitic. Only when the country has

    achieved high industrial growth should it allow Service sector to grow.

    09 Jul, 2014 06:04 PM

    P P Rajagopalan(Chennai)

    Human induced Greenhouse gas (GHG) emissions are growing and are chiefly responsible for climate change -

    What a fallacious s tatement to make! CO2 causing global warming is jus t a supposition of the fear monger

    environmentalists. Nature is much more complex than proponents of global warming by green house gas

    concoct

    09 Jul, 2014 05:59 PM

    P P Rajagopalan(Chennai)

    Did anyone ask why is it that Public sector banks (PSBs) have high exposures to the 'industry' sector in general

    and to s uch 'stressed' s ectors infrastructure, iron and s teel, textiles, aviation and m ining in particular? who forced

    them to lend 80% of the project cost to anyone and everyone with the right connection to set up Coal based

    thermal power plants? Is there any wonder that NPA of Public sector banks are increasing alarm ingly?

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