India, which aspires to be a $5-trillion economy, needs to strengthen “the invisible hand of the market supporting it with the hand of trust”, argues the Survey, which pegs FY21 GDP growth at 6-6.5%.
The Survey says that this is an outcome of “the decline in global crude prices, decontrol of prices, and better targeting through direct benefit transfer of subsidies”.
K. Subramanian’s maiden Survey sees growth for FY20 at 7%, green shoots in investment activity.
