Sudhanva Shetty Shetty
Writer, coffee-addict, likes folk music & long walks in the rain. Firmly believes that there's nothing more important in a democracy than a well-informed electorate.
The second volume of Economic Survey 2016-17 was laid in the Parliament on Friday, 11 August. It was presented by Arvind Subramanian, the Chief Economic Adviser.
The first volume of the Economic Survey for this year was presented in January, right before the Union Budget was produced. The first survey recommended progress towards a universal basic income (UBI) and labour reforms, among other things. For an overview of the first Economic Survey, readers can click here.
Economic Survey Volume 2 has recommended several reforms across all sectors, including health, education, agriculture, energy, infrastructure and trade. The Survey also stated that achieving the upper end of projections for economic growth at 6.75-7.5% for the present financial year may be difficult.
Listed below are the salient points of recommendation made in the Economic Survey. For an overview of the policies undertaken by the government in 2017, click here. To read the entire Economic Survey, click here.
The Survey noted that managing and reducing the various risks in agriculture activities can make the agricultural sector resilient, increase profitability and can ensure stable income flows to the farmers. The following reforms are suggested for increasing productivity in agriculture and allied sectors:
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