homephotos Newseconomy News

Economic Survey 2020: Here are the key highlights

Economic Survey 2020: Here are the key highlights

Economic Survey 2020: Here are the key highlights
Profile image

By CNBC-TV18 Jan 31, 2020 4:12:37 PM IST (Updated)

Switch to Slide Show
Slide Show

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:

Greater home sales can clean up banks' & NBFCs'
Image count1 / 9

Banks may remain risk averse unless IBC process speeds

Banks may remain risk averse unless IBC process speeds
Image count2 / 9

Length of Indian business cycle appears to be 13 quarters

Length of Indian business cycle appears to be 13 quarters
Image count3 / 9

Global sentiment continues to favour India

Global sentiment continues to favour India
Image count4 / 9

Economic Survey 2020 sees room to further rationalise subsidies, especially food

Economic Survey 2020 sees room to further rationalise subsidies, especially food
Image count5 / 9

Food subsidy rationalisation is a key tool to fiscal management; counter-cyclical fisc steps to up consumer sentiment

 Food subsidy rationalisation is a key tool to fiscal management; counter-cyclical fisc steps to up consumer sentiment
Image count6 / 9

GST buoyancy key to Centre, state revenue position; see FY20 tax collections to be lower Vs estimate

GST buoyancy key to Centre, state revenue position; see FY20 tax collections to be lower Vs estimate
Image count7 / 9

Economic Survey 2020 says Cut in capex by govt may adversely hurt growth; must focus on trimming non-committed revenue spend

Economic Survey 2020 says Cut in capex by govt may adversely hurt growth; must focus on trimming non-committed revenue spend
Image count8 / 9

See evidence for strong reversion of headline CPI to core

See evidence for strong reversion of headline CPI to core
Image count9 / 9

Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
arrow down

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CompanyPriceChng%Chng