Things to watch out for in Economic Survey

31 Jan 2022 , 12:00 PM

Today Finance Minister Nirmala Sithraman will present the Economic Survey for the year 2021-22 in Parliament. The economic survey is presented one day before the Budget. The newly appointed Chief Economic Adviser (CEA) will address a press meeting  at around 3:45 PM. 

Last week, on Friday, the government appointed noted economist K Anantha Nageswaran as India’s new CEA. 

Today in Economic Survey, key important things that will be in focus are performance of sectorsl ike agriculture, industrial production, services, construction, trade, and hotels. Also, analysis of employment levels, trade with the rest of the world, money supply, prices, infrastructure development and other relevant economic factors should be studied.

Here are the below key points in today’s Economic Survey

India’s GDP Growth

In this year all eyes will be on the government forecast for the next year to see the government’s remark on policies like Aatmnirbhar Bharat National Infrastructure Pipeline (NIP). It will also be noteworthy to find out the actual GDP growth country saw in 2021-22.

Disinvestment

The privatisation of Air India was one of the most important highlights of FY21-22.  In last year’s budget government gave a target of Rs1.75 lakh crores for disinvestment in the FY21-22 which included the privatisation of 2 public sector banks and one public sector insurance company. In this survey, the government’s comment on LIC IPO, which is a major part of the disinvestment plan. Along with this, the government’s comment on LIC IPO, which is a major part of the disinvestment plan, will be noteworthy.

Pharma & Healthcare

The CEA’s comment on budgetary allocation to the healthcare and pharma sector will be crucial for this year.

Inflation

The rising prices of crude oil, along with elevating geopolitical tensions in Ukraine and the Middle East have also put pressure on the global economy.  The way forward, outlined by CEA, will be important to watch. Consumers will be keen to find out what the office of CEA has to say about tackling the rising inflation.

Unemployment

As we know there is a gradual rise in unemployment figures as the pandemic made the situation worst and importantly everyone wants to see what the Survey comments on this elephant in the room.