Twenty things to know about the Economic Survey 2017-18

• GDP to grow 7-7.5% in FY19; India to regain fastest growing major economy tag.
• GDP growth to be 6.75% in FY2017-18.
• Policy vigilance required next fiscal if high oil prices persist or stock prices correct sharply.
• Policy agenda for next year -- support agriculture, privatise Air India, finish bank recapitalisation.
• GST data shows 50% rise in number of indirect taxpayers.
• Tax collection by states, local governments significantly lower than those in other federal countries.
• Demonetisation has encouraged financial savings.
• Insolvency Code being actively used to resolve NPA woes.
• Retail inflation averaged 3.3 per cent in 2017-18, lowest in last 6 fiscals.
• India needs to address pendency, delays and backlogs in the appellate and judicial arenas.
• Urban migration leading to feminisation of farm sector.
• Rs 20,339crore approved for interest subvention for farmers in current fiscal.
• FDI in services sector rises 15% in 2017-18 on reforms.
• Fiscal federalism, accountability to help avoid low equilibrium trap.
• India's external sector to remain strong on likely improvement in global trade.
• Technology should be used for better enforcement of labour laws.
• Swachh Bharat initiative improved sanitation coverage in rural areas from 39% in 2014 to 76% in January 2018.
• Priority to social infrastructure like education, health to promote inclusive growth.
• Centre, states should enhance cooperation to deal with severe air pollution.
• Survey 2017-18 in pink colour to highlight gender issues.
• Indian parents often continue to have children till they have desired number of sons.

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