Focused reforms show the way forward: Arvind Virmani, former CEA
Let me start with the Economic Survey. It has two messages. One, it has indicated that the focus will be on private investment and growth because it’s the private sector that generates growth and jobs on a sustainable basis. Two, any goal has to be looked at in an integrated way. You cannot look at an objective or a sector separately.
On both these aspects I was pleasantly surprised that an underlying approach was spelt out in Union Budget 2019-20 as well. With an objective of becoming a $3 trillion economy (by 2020) and a reiteration of “minimum government, maximum governance” that people thought has gone out of the window, there is a return to the approach where the government is focusing on creating the right environment.