The Economic Survey 2020-21 states that the combined (Centre and States) social sector expenditure as per cent of GDP has increased in 2020-21 compared to last year.
Daily Current Affairs Quiz 2021
The expenditure on social services (education, health and other social sectors) by Centre and States combined as a proportion of GDP increased from 7.5% in 2019-20 (RE) to 8.8% in 2020-21 (BE).
The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Economic Survey 2020-21 in Parliament.
According to the Survey, India’s rank in HDI 2019 was recorded 131 compared to 129 in 2018, out of a total 189 countries.
By looking at the sub-component wise performance of HDI indicators, India’s “GNI per capita (2017 PPP $)” has increased from US$ 6,427 in 2018 to US$ 6,681 in 2019, and “life expectancy at birth” has improved from 69.4 to 69.7 years respectively.
