The FM's speech boosted sentiments through announcement of anticipated reforms like infra funding through a new DFI, 'bad bank'-type structure for resolution of stressed assets
Here are the key numbers to watch out for in the Budget for 2021-22, which is widely expected to be a "economic vaccine" for the pandemic-battered economy.
The Survey batted for a bold fiscal expansion to make the economic recovery more broad-based
Govt should tread carefully on this path
Speaking on privatisation, Subramanian said disinvestment would happen this year and selling Air India would be a seminal moment that would clearly signal the government's intent
This translates into real GDP growing only 2.4% over the absolute level of 2019-20
The Indian economy can contract by 7.7 per cent in the current financial year ending on March 31 and the growth could be 11 per cent in the next financial year, according to the Economic Survey
Here's a selection of Business Standard opinion pieces for the day
To implement its strategy, India imposed the most stringent lockdown at the very onset of the pandemic
The reserves have risen as imports contracted and the country turned surplus.
Sitharaman is scheduled to present the Budget in the Lok Sabha on Monday
Private participation remains low, the Survey shows
The Survey concludes that the lockdown was a critical instrument in flattening the curve and saving lives
Forget fiscal conservatism, turn on the fiscal taps, and ignore debt build-up, says Survey
Government spending becomes imperative at the time of excessive risk aversion in the private sector
"The reality of incomplete contracts leads to inevitability of incomplete regulation. This makes some discretion unavoidable," says the Survey
India will not face the problem of debt sustainability even in the worst of scenarios till 2030, the Survey observed.
Economic Survey is rich in analysis and comparisons with international data and this makes it an important policy document as has been the case in previous years
Severely criticises RBI for not being able to unearth full extent of bad debt mess in banks in previous AQR round
The survey said the focus must be on building the health care system generally rather than a specific focus on communicable diseases