Everybody is waiting for the government’s report card- the Economic Survey- today by Arvind Subramanian, the Chief Economic Adviser.
Subramanian is expected to offer clarity on the policy priorities of the government and some estimate of the impact of demonetisation on the economy.
This is what you can expect from the
• This year, as the government has been pushing the entire nation to go for digital economy, the Economic Survey too will go digital. Fewer copies of the survey and budget will be printed and both of them posted online on the Ministry of Finance website after these documents are tabled in Parliament.
• The Economic Survey will roll out in two parts due to the advancement of the Union Budget. One will roll out a day before budget and this may not have the review of economic developments of the past year which can figure in another survey to be released in July.
• This Economic Survey will also provide answer to questions like what were the effect of demonetisation on GDP growth. Subramanian is likely to give his own estimate of the impact of demonetisation on GDP growth.
• This year's survey will have a prominent theme-universal basic income. This idea entails shifting subsidies into direct cash transfer to the poor. Subramanian will be giving the broad contours of the idea which might turn into government policy in some shape.
• The Economic Survey is also expected to detail the policy around various measures and the capacity of the economy to adjust to the new digital measures as the government has been pushing way too hard for the digital economy.
• This Economic Survey is also expected to throw some light on the future direction of government’s war on black money as Prime Minister
• Post Trump and Brexit, there has been many speculations on what will happen and how it will affect our economy. This Economic Survey is expected to throw some light on the scope of Indian economy in the face of global protectionist trends, which were highlighted by recent steps against worker visas by US President