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Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Thursday tabled the Economic Survey 2018-19 in the Parliament, which says that India's external debt was US$ 521.1 billion at end-December 2018, 1.6 per cent lower than its level at end-March 2018.The other key highlights of Indian economy as depicted in the Survey 2018-19 are as follows:* The key external debt indicators reflect that India's external debt is not unsustainable.* The total liabilities-to-GDP ratio, inclusive of both debt and non-debt components, has declined from 43 per cent in 2015 to about 38 per cent at end of 2018.* The share of foreign direct investment has risen and that of net portfolio investment fallen in total liabilities, reflecting a transition to more stable sources of funding the current account deficit.* The Indian Rupee traded in the range of 65-68 per US$ in 2017-18 but depreciated to a range of 70-74 in 2018-19.* The income terms of trade, a metric that measures the purchasing power to import, has been on a rising trend, possibly because the growth of crude prices has still not exceeded the growth of India's export prices.* The exchange rate in 2018-19 has been more volatile than in the previous year, mainly due to volatility in crude prices, but not much due to net portfolio flows.EXPORTS AND IMPORT BASKET IN 2018-19 (P)* Exports including re-exports Rs 23,07,663 crore* Imports of Rs 35,94,373 crore* Top export items continue to be petroleum products, precious stones, drug formulations, gold and other precious metals* Top import items continue to be crude petroleum, pearl, precious, semi-precious stones and gold.* India's main trading partners continue to be the US, China, Hong Kong, the UAE and Saudi Arabia.* India has signed 28 bilateral and multilateral trade agreements with various country/group of countries.* In 2018-19, exports to these countries stood at US $ 121.7 billion accounting for 36.9 per cent of India's total exports* Imports from these countries stood at US $ 266.9 billion accounting for 52.0 per cent of India's total imports.INDUSTRY AND INFRASTRUCTURE* Overall index of eight core industries registered a growth rate of 4.3 per cent in 2018-19.* India's ranking improved by 23 to 77th position in 2018 among 190 countries assessed by the World Bank Doing Business (DB) Report, 2019.* Road construction grew at 30 km per day in 2018-19 as compared to 12 km per day in 2014-15.* Rail freight and passenger traffic grew by 5.33 per cent and 0.64 per cent respectively in 2018-19 as compared to 2017-18.* Total telephone connections in India touched 118.34 crore in 2018-19* The installed capacity of electricity has increased to 3, 56,100 MW in 2019 from 3, 44,002 MW in 2018.SERVICES SECTOR* Services sector, excluding construction, has a share of 54.3 per cent in India's GVA and contributed more than half of GVA growth in 2018-19.* IT-BPM industry grew by 8.4 per cent in 2017-18 to US $ 167 billion and is estimated to reach US$ 181 billion in 2018-19.* Services sector growth declined marginally to 7.5 per cent in 2018-19 from 8.1 per cent in 2017-18* Accelerated sub-sectors: Financial services, real estate and professional services* Decelerated sub-sectors: Hotels, transport, communication and broadcasting services* Services share in employment is 34 per cent in 2017TOURISM* 10.6 million foreign tourists received in 2018-19 compared to 10.4 million in 2017-18* Forex earnings from tourism stood at US$ 27.7 billion in 2018-19 compared to US$ 28.7 billion in 2017-18.( With inputs from ANI )

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