I. Introduction
1.1 The Economic Survey of 2014-15 spoke about the sweet spot for the Indian economy that could launch India onto a trajectory of sustained growth of 8-10 per cent. Last year’s Survey assessed that "for now, but not indefinitely, that sweet spot is still beckoningly there." This year’s stock-taking suggests that shifts in the underlying vision will be needed to overcome the major challenges ahead, thereby accelerating growth,expanding employment opportunities, and achieving social justice (Chapter 2 in this Survey). In the aftermath of demonetisation,and because cyclical developments will make economic management harder, articulating and embracing those shifts will be critical toensuring that that sweet spot is enduring not evanescent.
(The full text of the Economic Survey can be accessed at the following link.)
Related Links:
Editorial, 2017. " Demonetisation’s long shadow ", The Hindu , February 1.
Editorial, 2017. " A fuzzy outlook ", The Hindu BusinessLine , February 1.
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