“Late Converger Stall” in Economic Development?

Context: The Survey notes that the present era is one of economic convergence whereby poorer countries including India have grown faster than richer countries and closed the gap in standards of living. India moved from being a low income country in 1960 to a lower middle income country in 2008, Read More …

Universal Basic Income & Economic Survey 2017-18

The Economic Survey 2016-17 tabled in Parliament today by the Union Finance Minister Shri Arun Jaitley has advocated the concept of Universal Basic Income (UBI). This is as an alternative to the various social welfare schemes in an effort to reduce poverty. The survey juxtaposes the benefits and costs of Read More …

India has attained the fourth position globally in installed wind power capacity

India has attained the fourth position globally in installed wind power capacity. It is after China, US and Germany as a result of various steps in the right direction, the Economic Survey said. With the legal framework in place for the International Solar Alliance (ISA) by Prime Minister and launched Read More …

Five takeaways from Economic Survey 2016-17

Takeaway 1 There is something unusual about the Economic Survey 2016-17. It has analysed economic situation during 1983-2016. What does it mean? The analysis points out broad economic progress and challenges. One of the key findings from this analysis is increasing inequality in income in India. This might set the Read More …

Economic Performance & Economic Survey 2016-17

The Economic Survey states that while economic performance has been remarkable in the aggregate, India’s success as a federation depends on the progress of each of its individual states. What is a reasonable standard for assessing how well the states are doing? One intuitive metric is to see how well Read More …

Economic Survey advocates reforms to unleash economic dynamism and social justice

India needs an evolution in the underlying economic vision across the political spectrum and further reforms are not just a matter of overcoming vested interests that obstruct them.  The Survey lists the some of the challenges that might impede India’s progress. These challenges are classified by the Survey as follows: Read More …

Good fiscal performance by States should be incentivized: Economic Survey 2016-17

The Economic Survey 2016-17 presented in the Parliament today has highlighted the need for fiscal prudence both by the Centre as well as the States in order to maintain overall fiscal health of the economy. The Economic Survey states that the Centre’s Fiscal Responsibility and Budget Management (FRBM) Act, was Read More …

The Economic Survey 2016-17 Basics

The Indian Economy has sustained a macro-economic environment of relatively lower inflation, fiscal discipline and moderate current account deficit coupled with broadly stable rupee-dollar exchange rate. The Economic Survey 2016-17 presented in the Parliament today by the Union Finance Minister states that such a sustenance is despite continuing global sluggishness. Read More …

Economic Survey suggests new body to deal with NPAs

To tackle with the problems of increasing Non-Performing Assets (NPAs) of the banking system and declining credit and investment, the Economic Survey 2016-17 on Tuesday recommended a centralised Public Sector Asset Rehabilitation Agency (PARA) to look at the “largest, most difficult cases, and make politically tough decisions to reduce debt.” Read More …