Tue, Jan 31, 2017
Economic Survey 2017 was presented in Parliament by Finance Minister Arun Jaitley ahead of Union Budget.
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The proposal for the provision of a Universal Basic Income (UBI) in the Economic Survey document began with quotes by Mahatma Gandhi.
The flagship annual document of the Ministry of Finance was released on Tuesday by Finance Minister Arun Jaitley and Chief Economic Advisor, Arvind Subramanian who held the press conference thereafter. Here are eight facts about India that were revealed in the survey.
The Economic Survey presented by Finance Minister, Arun Jaitley, in the Parliament on Tuesday said that India has shown ‘robust macroeconomic stability’ in the year gone by despite demonetisation and the GST bill.
New estimates of labour migration in India revealed that inter-state labour mobility was significantly higher than previous estimates, Ministry of Finance said while presenting the Economic Survey on Tuesday.
Reportedly, this year's theme of the Economic Survey, could be 'Universal Basic Income'.
The Economic Survey 2015-16 started off by stating, "This year’s Economic Survey comes at a time of unusual volatility in the international economic environment." It termed India as being in a "sweet spot" arising from a combination of a strong political mandate and a favourable external environment.
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