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The Chief Economic Adviser (CEA), Dr. Krishnamurthy V. Subramanian addressing a Press Conference regarding the Economic Survey 2019-20, in New Delhi on January 31, 2020. The Principal Director General (M&C), Press Information Bureau, Shri K.S. Dhatwalia and other dignitaries are also seen.

Economic Survey 2019-20 emphasizes on entrepreneurship, Wealth Creation at Grassroots

Newdelhi:31/1/20;Economic Survey 2019-20 has emphasised on entrepreneurship and Wealth Creation at the Grassroots. It has suggested that industrial sector performance is a key to achieve the target of a five trillion dollar economy.

The Economic Survey 2019-20, tabled by the Finance Minister Nirmala Sitharaman in Parliament today, also suggested sectoral initiatives for industrial revival. The survey has projected economic growth at 6 to 6.5 percent in the next fiscal. It called for more reforms for making it easier to do business in country.

The survey said for India to achieve a five trillion US dollar economy depends on promoting pro-business policies, strengthening the invisible hand of the market and ease of doing business. The Economic Survey gave a detailed analysis of the trends in India’s infrastructure sector which is necessary for growth. Power shortages, inadequate transport and poor connectivity affect overall growth performance.

To achieve GDP of five trillion dollar by 2024 – 25, India needs to spend about 100 lakh crore rupees on infrastructure. According to the survey, there is a significant jump of around 2.62 crore new jobs with 1.21 crore in rural areas and 1.39 crore in urban areas. Over 69 lakh candidates have been trained under Pradhan Mantri Kaushal Vikas Yojana till November last year.

The Economic Survey underscores various programmes and legislative measures that are in place to encourage female participation in the economy. Talking exclusively to media person  Chief Economic Advisor Krishnamurthy Subramanian said that India has certainly made substantial progress in improving ease of doing business.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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