Authored by a team led by Chief Economic Adviser Krishnamurthy Venkata Subramanian, the Economic Survey details the state of different sectors and reforms needed to accelerate growth.
The Economic Survey included quotes from Bhagavad Gita, Adam Smith's 'An Inquiry into the Nature and Causes of the Wealth of Nations' and the Rig Veda.
Economic Survey 2019-20 indicates that while India has jumped a long way in Ease of Doing Business rankings, it still trails South-East Asian & other countries.
Economic Survey is almost certainly wrong in assuming Modi govt will use its mandate to undertake serious reform. It’s fairly clear its priorities lie elsewhere.
Economic Survey 2019-20 blames the 1955 EC Act and the Food Corporation as govt interventions that have undermined markets and held back agricultural growth.
Former CEA Arvind Subramanian argued last year that India’s GDP growth is overestimated by 2.5 percentage points. This was dismissed by Prime Minister’s Economic Advisory Council.
With “wealth creation” as the central theme of 2020 Economic Survey, Modi govt has harked back to its capitalist orientation in the backdrop of an economic slowdown.
Modi govt had tried hard to shed ‘suit-boot ki sarkar’ label, but recent moves like corporate tax cuts show it has had a rethink due to the economic slowdown.
‘Mother kept pouring water in our eyes whenever the burning became unbearable. She pushed our bodies deep into the blanket, making sure not a single part was exposed,’ my father said.
December oil imports from Russia may drop nearly 50%, but Indian buyers already shifting to non-designated Russian entities and opaque trading channels to keep Russian oil flowing.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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