Data can be sexist, missing women & girls entirely, or undervaluing their contributions.
It also estimates the current GST base at Rs 65-70 lakh crore. Tax base here refers to the aggregate value of the financial streams on which GST can be imposed.
While a certain amount of extra spending can’t be ruled out, this has to be kept at a minimum. If it is not, the bond markets will get even more spooked than they are right now, interest rates will rise and, to that extent, will dampen whatever industrial activity there is right now.
Six years ago, that is in 2012-13, education expenditure was 3.1% of the GDP. It fell in 2014-15 to 2.8% and registered a further drop to 2.4% in 2015-16.
Economic Survey does well to include data on India’s ‘unwanted’ daughters. It helps make discrimination visible
#GenderAnd: Patience is not a virtue when there are an estimated 63 million “missing women” on account of sex selective abortion. 21 million “unwanted” girls on account of “son obsession”
The Survey strives to combine rigor with readability, a challenge that increases in the same proportion as attention spans shrink (from absorbing op-eds to scrolling down tweets).
Congress leader P Chidambaram said the Economic Survey has “thrown the burden on private investments and exports”.
Let me just say that the higher the prices go, our vigilance should increase correspondingly, said Arvind Subramanian.
Taking note of the fiscal developments, the Survey noted, “A pause in general government fiscal consolidation relative to 2016-17 cannot be ruled out”.
Under Arvind Subramanian, the Economic Survey was elevated to an altogether different level as it introduced new concepts such as “Twin Balance Sheet (TBS) problem” and the “JAM agenda” to describe both threats and opportunities in the Indian policymaking arena.
The Survey has for the first time included data on international exports of states and asserts that they indicate a strong correlation between export performance and the standard of living.
The number has been arrived at by looking at the sex ratio of the last child (SRLC) which is heavily male-skewed, indicating that parents keep having children until they get the desired number of sons.
Persists in pursuing litigation at every level of the judicial hierarchy: Economic Survey 2017-18
Road Transport and Highways ministry officials said the figure of NPAs could be out of context because road projects typically have long gestation periods.