Economic Survey suggests 2020-21 to be a challenging year, fiscally

The survey is critical of govt interventions in the market and shows four instances where govt interventions failed to achieve the desired outcome

The Economic Survey (ES), tabled in Parliament a day before the presentation of the Union Budget, is a technocrat’s (chief economic advisor to the ministry of finance) assessment on the state of the economy. In the past, some suggestions made in the ES have found a place in the Union Budget, but the difficult ones have remained suggestions only.

Indeed the GDP estimation over the past few years have come under the lens of analysts/investors and led to some doubts about its veracity. Although establishing the credibility of data should be left to the data gathering/generating agency — National Statistical