CEA says Economic Survey 2020 guided by blue-sky thinking. What is it?
Updated : February 01, 2020 06:42 AM IST
Blue-sky thinking is defined as the activity of trying to find completely new ideas.
The survey said it has departed from traditional thinking by viewing the economy as being either in a virtuous or a vicious cycle and thus never in equilibrium.
Blue-sky thinking is also equated with creative ideas that are free from practical constraints.