Interview with Chief Economic Advisor
Survey reiterates commitment to fiscal consolidation
Fall in global commodity and non-food manufacturing sector prices come to help
The estimate takes into account a normal monsoon, further moderation in inflation and a mild recovery in global growth
The Survey wrongly emphasises the role of tight monetary policy as the cause of a fall in consumer and investment spending
The Survey clearly indicates fiscal consolidation will be on the back of reduced oil subsidies
Of the first 10 months of the current financial year, exports saw a decline for eight months
Prudent policy support from fiscal side and in turn monetary policy could leading to a virtuous cycle of recovery
Reforms will help establish a credible social security system, specially for the elderly
A growth forecast that is seriously wrong is dangerous - it can lead to revenue projections and spending decisions that become seriously inflationary
The consolidated turnover of public sector companies in the mining sector increased 17.7 per cent in 2011-12
An equitable tax regime makes more sense than debates over whether the rich should pay more
The Economic Survey is both optimistic and sensible
For Rajan, the crucial aspect of today's economic development is a query that disturbs the young population"Where will my job come from?"
The Survey notes that the current pace and quality of job creation in India is not satisfactory
No reference in relevant section to address social security entitlements of unorganized workers that constitute more than 95% of workforce
India's milk production increased to 127.9 million tonne in 2011-12 from 53.9 million tonne in 1990-91
Chief Economic Adviser speaks to the media after the Economic Survey 2013 was presented in Parliament
The challenge for Chidambaram would be to keep every constituent happy, arrest decelerating economic growth and bring down fiscal deficit to committed level of 4.8% of the Gross Domestic Product (GDP)