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Economic Survey 2020: Here are CEA Krishnamurthy Subramanian's new ideas on Indian economy

Economic Survey 2020: Here are CEA Krishnamurthy Subramanian's new ideas on Indian economy

Economic Survey 2020: Here are CEA Krishnamurthy Subramanian's new ideas on Indian economy
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By CNBC-TV18 Jan 31, 2020 4:12:09 PM IST (Updated)

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SUMMARY

 Finance Minister Nirmala Sitharaman on Friday tabled the Economic Survey 2020 in Parliament. The survey, prepared by Chief Economic Advisor Krishnamurthy Subramanian. India’s economic survey said intervention by the government, though well-intended, often ends up undermining the ability of markets to create wealth and leads to outcomes that are the opposite of the intentions. The survey, which forecast growth of 6-6.5 percent in the next financial year starting April 1, gave the examples of commodities, drugs, foodgrain and debt waivers to buttress this point. Here are the key highlights of the survey:

Economic Survey 2020: Wealth creation benefits all
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Economic Survey 2020: Wealth creation benefits all

Economic Survey 2020: Markets enable wealth creation
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Economic Survey 2020: Markets enable wealth creation

Pro-crony policies undermine trust
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Pro-crony policies undermine trust

Economic Survey 2020: Wealth creation through entrepreneurship at the grassroots
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Economic Survey 2020: Wealth creation through entrepreneurship at the grassroots

Pro-business policies give equal opportunity
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Pro-business policies give equal opportunity

Remove anachronistic government interventions
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Remove anachronistic government interventions

Job creation by "Assemble in India for the world"
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Job creation by "Assemble in India for the world"

Targeting Ease of Doing Business in India
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Targeting Ease of Doing Business in India

Banking sector sub-scale compared to economy
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Banking sector sub-scale compared to economy

Thalinomics: The economics of a plate of food in India
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Thalinomics: The economics of a plate of food in India

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