CEA SEES GROWTH REBOUNDING TO 6%
Why in news? The economic survey expects GDP growth to revive from the 5% estimated or this year to a range between 6%-6.5% next year. To make a point about how being pro-crony is different from being pro-business, the Survey refers to the gains made unfairly by stocks of connected companies before the CAG report […]
2020 Economic Survey | Chapter- 1 | Wealth Creation: The Invisible Hand Supported by the Hand of Trust
India’s dominance as global economic power for three-fourths of economic history manifests by design. Kautilya’s Arthashastra postulates the role of prices in an economy (Spengler, 1971). Historically, Indian economy relied on the invisible hand of the market with the support of the hand of trust: Invisible hand of the market reflected in openness in […]