The Economic Survey 2018-19

Economic Survey 2019 in six charts

Finance Minister Nirmala Sitharaman tabling the Economic Survey 2019 in the Parliament on July 4, 2019.   | Photo Credit: PTI

The Indian economy grew by 6.8% in 2018-19, slightly lower than 7.2% in the previous Financial Year (FY), said the Economic Survey, which was tabled in Parliament on July 4, 2019.

However, India continued to be the fastest growing major economy in the world and ranks third in terms of size after the U.S. and China.

Per Capita Net National Income, a crude indicator of prosperity, has shown an upswing.

Consumer inflation (rate of increase of prices) was contained within 4% and it has been showing a downward trend since FY 2016. The Index of Industrial Production, an indicator of growth across key industries, registered a rise in FY 2017 and FY 2018, but has dipped in FY 2019.


Expenditure on social services has increased both in monetary terms and as a percentage of the GDP. However, while the spending on education has grown in absolute terms, its share in the total expenditure has come down slightly since FY 2014.


The Survey says: “The performance of the banking sector (domestic operations), Public Sector Banks (PSBs) in particular, improved in 2018- 19. The Gross Non-Performing Advances (GNPA) ratio of SCBs decreased from 11.5% to 10.1% between March 2018 and December 2018.”

However, NBFC have performed badly, says the Survey. “The GNPA ratio of NBFC sector deteriorated to 6.5% as in December 2018 from 6.1% in March 2018. The net NPA also increased marginally to 3.6% in December 2018 from 3.2% in March 2018.”

The Survey predicts that the national Total Fertility Rate (TFR) will be lower than the replacement rate in 2021. The TFR for India as a whole is 2.3, currently. Rural areas have a TFR of 2.5, while urban areas are lower, at 1.8.

"Demand for work under MGNREGS may be used to develop a real-time indicator of distress at the granular district/panchayat level," said the Survey.

image/svg+xml 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Thermal Nuclear Hydro Renewables

India’s economic growth will depend upon the ability to provide affordable, reliable and sustainable energy to citizens and the country is required to raise per capita energy consumption by at least 2.5 times to increase per capita income by $5,000, the Survey said.

Our code of editorial values

Related Topics
This article is closed for comments.
Please Email the Editor

Printable version | Jan 16, 2022 3:26:58 PM |

In This Package
Economic Survey: Aadhaar aided MGNREGS beneficiaries
FDI needed to spur the virtuous cycle in India, says CEA Krishnamurthy Subramanian
Survey calls for tax cuts, space for hotels in infra boost to tourism
Economic Survey moots central welfare database of citizens
India could host ‘Detroit’ of EVs
‘Reward top taxpayers, shame defaulters’
Well-designed minimum wage system required to reduce wage inequality, says Economic Survey 2018-19
Economic Survey 2018-19: Private funds needed for Swachh Bharat
Economic Survey 2018-19 calls for improvement in contract enforcement regime
‘Recovery under IBC higher at 43%’
More than half of start-ups are from tier-2 and tier -3 cities: Survey
Economic Survey: shift focus to water productivity
You are reading
Economic Survey 2019 in six charts
India must spend $200 billion on infra annually; harnessing pvt. investment a challenge: Economic Survey
No train collisions in 2018-19, fire incidents rise: Economic Survey
Finance Ministry makes progress in strategic sale of 28 Central Public Sector Enterprises
Economic Survey lays out blueprint for $5 trillion economy
Read: Full text of Economic Survey 2019
India needs to increase energy consumption to raise per capita income: Eco Survey
Economic Survey calls for enhanced efficiency in judiciary to help improve ease of doing business
India’s march towards SDGs anchored in investing in human capital, inclusive growth: Economic Survey
Debt recovery mechanism strengthened with IBC, says Economic Survey
Economic Survey 2018-2019 proposes to raise retirement age
Gross tax to GDP ratio dips to 10.9% in FY’19
Economic Survey suggests merging of different datasets held by govt
Economic Survey: Many states became open defecation free since launch of Swachh Bharat
Next Story