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Economic Survey 2014: Highlights
Jul 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 comparatively higher 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 and
sustainable 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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- According to HDR 2013, India has slipped down in HDI with its overall global ranking at 136 (out of the 186
countries) as against 134 (out of 187 countries) as per HDR 2012. It is still in the medium human
development category.
- The poverty ratio (based on the MPCE of Rs 816 for rural areas and Rs 1000 for urban areas in 2011-12 at
all India level), has declined from 37.2 per cent in 2004-05 to 21.9 per cent in 2011-12.
- In absolute terms, the number of poor declined from 407.1 million in 2004-05 to 269.3 million in 2011-12 with
an average annual decline of 2.2 percentage points during 2004-05 to 2011-12.
- During 2004-05 to 2011-12, employment growth [CAGR] was only 0.5 per cent, compared to 2.8 per cent
during 1999-2000 to 2004-05 as per usual status.
Source: PIB
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SPOTLIGHT
2 01 4 Bennet t , Coleman & Co. Lt d. All r ight s r eser v ed
Index by Key wor d | Index by Dat e
Readers' opinions (3)
Sort by: Newest | Oldest
09 Jul, 2014 06:06 PM
P P Rajagopalan (Chennai)
India ranked 12th in terms of services GDP and is the second fastest growing services 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 statement to make! CO2 causing global warming is just 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 such 'stressed' sectors infrastructure, iron and steel, textiles, aviation and mining 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 alarmingly?
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