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Economic Survey 2020: A decade-old slowdown reversing?

Investments suffered as companies were keen on repaying debt rather than taking fresh loans to add to capacity

Economic Survey
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Economic Survey. Photo: Shutterstock

Abheek Barua
An Economic Survey (ES), written at the time of what appears to be a prolonged economic slump can perhaps be best “judged” on the basis of its ability to answer two questions. Has the government’s chief Economic Advisor (CEA), its intellectual-in-residence and the ES’ principal author, provided a consistent diagnosis of why such a situation has come to pass? Second, has he come up with a set of solutions that could alleviate the crisis or at least halt the slide in the economy? 

I would argue that the ES scores reasonably well on its reading of the current economic slowdown. For
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