Economic Survey 2016–17

ISBN:

9780199477661

Publication date:

24/02/2017

Paperback

340 pages

ISBN:

9780199477661

Publication date:

24/02/2017

Paperback

340 pages

Ministry of Finance & Government of India

A flagship annual document of the Ministry of Finance, Government of India, the Economic Survey reviews the developments in the Indian economy over the previous twelve months, summarizes the performance on major development programmes, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term.

Ministry of Finance & Government of India

Description

A flagship annual document of the Ministry of Finance, Government of India, the Economic Survey reviews the developments in the Indian economy over the previous twelve months, summarizes the performance on major development programmes, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. This document is presented to both houses of Parliament during the Budget Session, tabled a day ahead of the Union Budget.
With detailed analysis of recent developments---international, domestic, as well as sectoral---the Survey is the most authoritative and updated source of information on India's economy. This year, it analyses radical policy actions by the government, in particular, GST and demonetization, and advocates broader societal shifts for overcoming the meta-challenges like inefficient redistribution, weak state capacity, and ambivalence towards private sector and property rights. Embracing 'Big Data', the Survey produces the first-ever estimate of the flow of goods and people within the country, to assess the effectiveness of targeting of major current schemes. Further, it brings to the fore a discussion on Universal Basic Income as a means of achieving social justice and economic productivity.

About the Author

The Ministry of Finance is an important ministry within the Government of India, which looks after the financial affairs of the State of India and monitors various aspects of the country's economy. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget."

Ministry of Finance & Government of India

Table of contents


Acknowledgements
Preface
Abbreviations
Eight Interesting Facts about India
Section I: The Perspective
1. Economic Outlook and Policy Changes
2. The Economic Vision for Precocious, Cleavaged India
Section II: The Proximate
3. Demonetization: To Deify or Demonize?
4. The Festering Twin Balance Sheet Problem
5. Fiscal Framework: The World is Changing, Should India Change too?
6. Fiscal Rules: Lessons from the States
7. Clothes and Shoes: Can India Reclaim Low Skill Manufacturing?
8. Review of Economic Developments
9. Universal Basic Income: A Conversation With and Within the Mahatma
Section III: The Persistent
10. Income, Health, and Fertility: Convergence Puzzles
11. One Economic India: For Goods and in the Eyes of the Constitution
12. India on the Move and Churning: New Evidence
13. The 'Other Indias': Two Analystical Narratives (Redistributive and Natural Resources) on States' Development
14. From Competitive Federalism to Competitive Sub-Federalism: Cities as Dynamos

Ministry of Finance & Government of India

Features

  • Most authoritative and updated source of data on India's economy
  • Projects a growth rate between 6.75% and 7.5% for the fiscal year 2017--18
  • Reviews the performance of the Indian economy over the past year, in the context of major international, domestic, and sectoral developments
  • Discusses in detail the short- and long-term economic impacts of radical domestic policy actions---demonetization and GST
  • Advocates broader societal shifts in ideas and narratives to overcome structural challenges of inefficient redistribution, weakness of state capacity, and ambivalence about private sector
  • Produces the first-ever estimate of the flow of goods and people within India based on 'Big Data'
  • Offers a detailed discussion on the idea of Universal Basic Income and why it merits serious public deliberation
  • Identifies 'cooperative and competitive federalism' as India's unavoidable future, with a focus on states and cities

Ministry of Finance & Government of India

Ministry of Finance & Government of India

Description

A flagship annual document of the Ministry of Finance, Government of India, the Economic Survey reviews the developments in the Indian economy over the previous twelve months, summarizes the performance on major development programmes, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. This document is presented to both houses of Parliament during the Budget Session, tabled a day ahead of the Union Budget.
With detailed analysis of recent developments---international, domestic, as well as sectoral---the Survey is the most authoritative and updated source of information on India's economy. This year, it analyses radical policy actions by the government, in particular, GST and demonetization, and advocates broader societal shifts for overcoming the meta-challenges like inefficient redistribution, weak state capacity, and ambivalence towards private sector and property rights. Embracing 'Big Data', the Survey produces the first-ever estimate of the flow of goods and people within the country, to assess the effectiveness of targeting of major current schemes. Further, it brings to the fore a discussion on Universal Basic Income as a means of achieving social justice and economic productivity.

About the Author

The Ministry of Finance is an important ministry within the Government of India, which looks after the financial affairs of the State of India and monitors various aspects of the country's economy. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget."

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Table of contents


Acknowledgements
Preface
Abbreviations
Eight Interesting Facts about India
Section I: The Perspective
1. Economic Outlook and Policy Changes
2. The Economic Vision for Precocious, Cleavaged India
Section II: The Proximate
3. Demonetization: To Deify or Demonize?
4. The Festering Twin Balance Sheet Problem
5. Fiscal Framework: The World is Changing, Should India Change too?
6. Fiscal Rules: Lessons from the States
7. Clothes and Shoes: Can India Reclaim Low Skill Manufacturing?
8. Review of Economic Developments
9. Universal Basic Income: A Conversation With and Within the Mahatma
Section III: The Persistent
10. Income, Health, and Fertility: Convergence Puzzles
11. One Economic India: For Goods and in the Eyes of the Constitution
12. India on the Move and Churning: New Evidence
13. The 'Other Indias': Two Analystical Narratives (Redistributive and Natural Resources) on States' Development
14. From Competitive Federalism to Competitive Sub-Federalism: Cities as Dynamos

Read More