Stop attacking capital: Eco Survey lays out road map to revive investment

The question of how a revival in investment can be engineered is particularly vexed

The Economic Survey for 2017-18, tabled in Parliament on Monday, contained both optimism about the future direction of the Indian economy and some stark warnings about the risks to growth. The Survey has rightly said that over the medium term, three areas of policy focus stand out — employment, education and agriculture — but above all, India must continue improving the climate for rapid economic growth on the strength of the only two truly sustainable engines, private investment and exports. But the Survey’s prediction that growth will clock in at close to 7.5 per cent in the second half of