Eco Survey 2024: Amid high growth India’s future appears bright, but a ‘grand alliance’ to tame unemployment is required

The survey has also been cautionary about the path of India towards a ‘Viksit Bharat’ in 2047, as it shows how India will face situations unlike what China faced when it was growing at high speed The Chief Economic Advisor to the Government of India prepares the Economic Survey that is presented a day ahead of Budget Day. Content Driven To put simply, the Economic Survey is supposed to be an annual comprehensive review of the Indian economy during the preceding financial year and is prepared diligently by the the Economics Division of the Department of Economic Affairs of the Finance Ministry under the guidance of the India’s Chief Economic Advisor. Here they are: “State of the Economy: Steady as She Goes; Monetary Management and Financial Intermediation: Stability is the Watchword; Prices and Inflation: Under Control; External Sector: Stability amid Plenty; Medium Term Outlook: A Growth Vision for New India; Climate Change and Energy Transition: Dealing with Trade-Offs; Social Sector: Benefits That Empower; Employment and Skill Development: Towards Quality; Agriculture and Food Management: Plenty of Upside Left if we get it Right; Industry: Small and Medium Matters; Industry: Small and Medium Matters; Services: Fuelling Growth Opportunities; Infrastructure: Lifting Potential Growth and Climate Change And India: Why We Must Look At the Problem through our Lens” In nutshell even if a reader has time to read the headings of thirteen chapters and has reasonable intellect to infer, he/she can easily decipher that though many things are going good for the Indian economy but many things are not that good, and there are areas which look good today but need sustainable effort to ensure they are that way for a longer term period. Four, shock in the preface: the preface of the Economic Survey has the following sobering observation: “The lack of availability of timely data on the absolute number of jobs created even at annual intervals, let alone at higher frequencies, in various sectors — agriculture, industry, including manufacturing and services — precludes an objective analysis of the labour market situation in the country.” The survey aptly puts the problem statement, the limited question I have: Bharat, the teacher of the world in the computing sciences, when will it set its own house?