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Economic Survey
 
2:25
[Comment From Balaji ]
Agriculture growth has to be targetted more as we may face shortage of food supplies in the years to come.What is the concensus taken by the finance ministry in this regard ? We may have to set a target may be 5-6 years and work on it in our every year budget as we are going to have stable government for next 5 years
2:26
[Comment From D.R.Gulati ]
Based on the Economic Survey 2008-2009,will the Indian Economy be more 'market price driven'2009-10 onwards in place of 'administered price' driven thus far?Is the UPA to taking a calculated risk?
3:11
[Comment From Vishant Garg ]
can we expect boom in stock market from forthcoming budget?
4:19
[Comment From Aadil Mukhtar ]
Don't you honestly think Indian Economy has never been Consumer-Centric rather it's being too much focused on just protecting itself from the global meltdown by whichever means it can???
4:58
[Comment From Aditya ]
Why only disinvestment in PSU? Why social sector is not the priority for the the profit making companies?
9:24
[Comment From D.R.Gulati ]
Does the ES visualise a market driven economy to replace the administered price driven economy in the coming years? If so ,is'nt the government taking a calculated risk, it could face stiff opposition all around?
10:30
Surjit Bhalla -  The budget will not have that much to do with a boom in the stock market . Our stock market will be much more affected by what's happening internationally.
10:31
Surjit Bhalla -  Shashank, I think divestment of public sector units is a very good idea - long overdue. The economic survey emphasises a need for disinvestment to be an established policy in India.
10:33
Surjit Bhalla -  Hi Manish, on goverenment giving up control of fuel prices--I'd say the government has stated that they want to reform fuel prices and it is hoped that   this budget will contain an outline of how soon we can approach normality in fuel prices.
10:35
[Comment From Jatender ]
How much money India has spent as Stimulus package as compared to China's close to 1000 Billion dollars?
10:35
[Comment From D.R.Gulati ]
We all are told that the stock market is based on strong fundamentals'then why is the stock market volatile?Even today after the ES,the BSE index remained flat.
10:36
[Comment From smriti,Kanpur ]
SIR,Is there any proposal for infrastructure sector in healthcare?
10:37
Surjit Bhalla -  Rashmi, i think it's very difficult to choose sectors to get stimulus. What is more important is that the overall economy move in a growth direction and in that regard the overall macro policies whether they be on interest rates, on taxation, what's more important to guide this economy rather than aiming at policies at particular sectors.
10:46
Dr Arvind Virmani -  
Hi Shailesh, to answer your question on the role of economic survey in the Budget, I'd say there is no correlation between what is said in the economic survey and what is in the budget. So if there's anything that happens, it'll be an accident.
10:47
[Comment From D.R.Gulati ]
Will the government be able to introduce and implement labour reforms?The ES seems to be silent on this sensitive issue.
10:49
Dr Arvind Virmani -  Hi Aadil, on the Indian economy being consumer centric ..according to me the facts do not support that; if you compare India's economy with other Asian economies the share of private consumptions in GDPs is one of the highest among the Asian economies.So, comparatively speaking
that's not true. The only economy I can think of straightaway which has a higher share is the USA. There aren't that many.
11:04
Dr Arvind Virmani -  Hello everyone, this answer of mine is aimed at simplifying the process behind the  the Economic Survey. Do hope this clarifies all doubts and questions regarding this important document.

There is a traditional part and there's a new part that we introduced last year - it only happened twice - the so called chapter 2. The traditional part is conventionally - a material is collected from all departments of the government and most of it is factual and based on accounts talking about what's happened over the last year. What we have tried to do over the last few years or so is to get studies made and try to use those studies even in these traditional chapters. One innovation that we've tried to do - successfully or not - that's for others to judge. And the second thing we have done is we have introduced a completely new chapter - the second chapter of the survey - which tries to do an analysis. It tries to do two things - it tries to look at events more analytically because a lot more analysts, the market analysts and other types of analysts from all over the world are looking at the economic survey. So we have tried to make it more relevant for them - that's one. And the second thing we have tried to do is to take a little more futuristic approach; that is to look at current events and then say what implications the policy has for the future. These are 2 new things in a way which we have consciously tried to do in the second chapter.For that reason many more people may find it more interesting to read the first and second chapter even if they don't read the whole survey.
11:22
[Comment From sreejith ]
We have seen the boom of outsourcing industry in India, mainly the back office support and things like that. What will the government be doing so that we go up the value chain and would there be any specific plans for that in this budget?
11:23
[Comment From Bala ]
Why is the Indian economy not prepared to face turbulance after the world economy is shaking. Why we didn't learn from others and prepared Indian Economy to face the challenges.. Is it becuase of elections or the same party coming to power?
11:27
Dr Prannoy Roy -  Hi Meenal, to answer your question on the Left's absence impacting economic policy decisions.. I believe that the Congress party always used the Left as an excuse. Many members of the Congress are sons and daughters, metaphorically of Indira Gandhi and are basically socialist. So, a lot of the opposition to reform comes from within the Congress . They've got enough problems inside their party - they don't need the Left to stop them.
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