Economic Survey 2021-22: Incentives to boost recovery and growth

The government has rolled out a series of stimulus packages since the announcement of a complete lockdown in March 2020. The immediate policy measure was to support the vulnerable sections of society. As the economy opened up, the government continued with its measures to boost economic recovery. From the second half of 2020 till the current fiscal year, there have been investment-boosting measures such as production-linked incentive scheme and increased of capital expenditure.

 

Nimble approach to track policies

Since the Covid-19 outbreak, the Centre has been tracking a host of real-time and high-frequency indicators from government departments as well as private institutions. The government has been coming up with appropriate policy responses based on the evolving situation as gauged by some of these indicators that include trends in digital payments, power consumption, foreign trade, highway toll collection, among others. The Survey calls this an ‘agile’ approach.