Economic Survey guided by 'blue sky thinking': CEA Subramanian

Guided by the dictum of "blue sky thinking", the Economic Survey 2018-19 Thursday laid out the ambitious agenda of applying principles of behavioural economics to achieve 8 per cent of sustained GDP growth to make India a USD 5-trillion economy by 2024-25.

The Economic Survey 2018-19, tabled in Parliament, is the first for the new government, which came to power with an overwhelming mandate.

"With the aspirations that have been kindled among our predominantly young population, India stands at a historic moment when sustained high economic growth has become a national imperative," Chief Economic Adviser Krishnamurthy V Subramanian said in his preface to the Survey.

Prime Minister Narendra Modi has already laid down the vision of India becoming a USD 5-trillion economy by 2025.

Imbued by the power of the opportunity that beckons, he said the team for Economic Survey 2018-19 has been guided by "blue sky thinking."