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Economic Survey makes a case for economic freedom; less govt interventions

Retail inflation in onion had crossed 300% in December

Topics
Economic Survey | retail inflation | Indian Economy

Dilasha Seth  |  New Delhi 

The Economic Survey, presented in Parliament on Friday, made a case for doing away with outdated government interventions, arguing that they hurt more than they helped. “Anachronistic government interventions” like the Essential Commodities Act (ECA), drug price controls, farm debt waiver, and those in food grain markets stifle “economic freedom”, which undermines the ability of markets to support wealth creation, it said. “… Each department and ministry in the government must systematically examine areas where the government needlessly ...

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First Published: Sat, February 01 2020. 01:19 IST
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