The government would be able to improve targeting in welfare schemes and subsidies by reducing errors, the Survey said
This savings behaviour also gives a key degree of freedom to policymakers as the savers and the borrowers can be disentangled
While employment-related National Sample Surveys (NSS) are carried out once in five-six years, district-level GDP is released irregularly
The Survey establishes the primary role of savings in driving growth and calls for pushing up savings rates in order to enable an investment cycle funded from domestic resources
The Survey explicitly addresses the issue of a high investment rate substituting labour
The critical external debt indicators reflect that India's external debt is not unsustainable
A key reason for waning private sector interest in the sector could be excessive regulations and control in the sector
While large firms create permanent jobs in large numbers, according to the survey, young firms create more jobs at an increasing rate than older firms
After falling for close to a decade since 2008, India's investment had turned the corner since the first quarter of 2017-18
Economic Survey explained how the cost of per gigabyte of storage has dropped from Rs 61,050 in 1981 to less than Rs 3.48 today
The investment cycle can be kick-started by public spending, which can crowd-in private spending
Economic Survey indicates an increase in spending by households on these, compared to necessities
The Survey stated that while India had secularly decreased domestic economic policy uncertainty since 2012 and had been exceptional in reducing this uncertainty since 2015
Economic Survey says India must 'shift gears', get into 'virtuous cycle driven by investment'.
CEA suggests cutting down on holidays for Supreme Court, High Courts, using technology such as AI for all courts
Companies that have the potential to grow and create employment need nurturing, says Economic Survey.
The branch of economics has gained traction in policy making recently, becoming more popular after economist Richard H Thaler, known for his work on 'Nudge' theory, won Nobel in 2017
Former CEA Arvind Subramanian in his research paper last month mentioned that India's growth rate between 2011-12 and 2016-17 was overestimated
The conclusions in the study, "India's Demography at 2040: Planning Public Good Provision for the 21st Century," will have major implications for many companies
Chidambaram, who had four stints as finance minister, said the survey didn't have sector-wise growth projections.