Economic Survey 2021-22: Fiscal space may allow capital expenditure push

GDP projected to grow 8-8.5% in 2022-23; supply-side reforms to aid long-term expansion

The Economic Survey 2021-22, penned by Principal Economic Advisor Sanjeev Sanyal and his team at North Block, not only did away with one of the volumes started by former chief economic advisor Arvind Subramanian, but was also bereft of any big-bang ideas for the government.

It is not that ideas given in the earlier Economic Surveys, such as the Jan Dhan-Aadhaar-Mobile (JAM) trinity, universal basic income, and printing more money, were all accepted by the government, but those did stir debates on policymaking.

However, a day ahead of