The Big Picture - Economic Survey 2019-20

The Economic Survey 2019-20 tabled by Finance Minister Nirmala Sitharaman on Friday projected growth for the next fiscal starting April 2020-21 at 6 per cent to 6.5 per cent. The pre-budget survey has also retained the growth numbers for the current fiscal at five per cent. The annual economic survey, prepared by a team headed by the Chief Economic Adviser Krishnamurthy Subramanian, also stressed on the need to relax fiscal deficit for the current fiscal to revive growth. It also called for more reforms for making it easier to do business in the country. The survey observed that there is an urgent need to remove red tape at ports to promote exports apart from eliminating other business hindrances such as registering property, paying taxes and enforcing contracts. While it mentioned that weak global growth has impacted India, it also acknowledged the fact that investment has slowdown due to domestic financial sector issues. The Economic Survey also said that the government must deliver on reforms quickly as it is the only way to enable an economic recovery in the upcoming fiscal. Improving governance in public sector banks and the need for better disclosure of information other key steps recommended by the Economic Survey. On this edition of The Big Picture we will analyse the economic survey.

Guests -
Abhinav Prakash, Assistant Professor, University of Delhi,
A. K. Bhattacharya, Editorial Director, Business Standard,
Jayant Dasgupta, Former Secretary, Economic Advisory Council to Prime Minister,

Anchor - Frank Rausan Pereira

[rupeshrathod]

Well cultured, mannered and managed programme of the doing ur best
Thanks rstv

[SAMARTHYA_IAS_JUDICIARY]

The last remarks made by Dasgupta sir were extremely crucial for everything said in depth in the survey.. Definitely there must be a kind of rational and scientific approach towards achieving economic growth.

[deepakkr]

Mr Jayant dasgupta is to the point and clearly identified the roadblocks for export

[studyworldaffairswithvikas]

Please some more debate on big picture on other important chapters of this economic survey in next segment

[SAMARTHYA_IAS_JUDICIARY]

But, I am thinking about another important aspect that survey I think didn't deal with. Its all about climatic conditions and the vulnerabilities that India is coming across.. Besides other maintioned global headwinds, i would say climate is going to be the most crucial headwind for rocket growth in the market.

[Tintin-gvir]

easy reforms as we building infrastructure to make in India

1. Visit Taiwan or Thailand and there is 1 tesco, 1 7/11 and a family mart every 1 Km or less in populated areas . If the same can be replicated in India consider how many legal tax paying jobs and GST collected by government of India . This will improve quality and uplift supply chain . Get them in and ask them to manufacture in India.
Millions of jobs created and billions in taxes collected. Also as in Thailand there is no negative impact on small traders or vendors ( Outside every one of them is a number of food and other vendors with better quality by bringing foreign company )
2. Get Taiwan to make in India for India, world and encourage them to shift Industry from China . The current government of Taiwan would be super Keen . The same can be replicated for Korea and Japan.
3. Open investment in Make in India defence to countries like Taiwan, Vietnam, indonesia and phillipines . We can get investment, cooperation in technology and open up new markets as we collobrate and develop.
4. Blockchain development and exchanges can easily operate from India . Big opportunity as if we do not act now then we be left behind in innovation. China is already acting on this and other future technologies.
5. Sports betting legalised and all the tax collected can be put in health, education, defence and infrastructure.

[TheGuruNetOn]

Please use proper mikes without constant static noise that's audible in the episodes.

[gaganahari]

I think panelist are not giving their own insights about the survey but just already saying the things mentioned in the economic survey of india released by PIB

[PrasannaKumar-mmwz]

Economic survey, growth 6 to 6.5 Percent, low fiscal deficit for promoting growth, better disclosure of bank information. govt borrowing will lead to crowd out private investment, fiscal deficit_ divestment PSU- revenue expenditure. Wealth creation, , entrepreneurship from grassroot, market economy, banking reforms. Ease of doing business, exchange rate policy, greater focus on export.disinvestment. PSU privatisation has done well.
Thalinomics_ veg thali prices has dropped capture health and culinary status. Domestic financial sector_ pro crony capitalism.modenisation of nbfc / banking through tech art intelligence, data analytics.slow process of resolution under Ibc, law Ned to be stringent, plugging loopholes, vigilance, early resolution of stressed loans, financial innovation, corporate bond market dev, alter channel for fund, EXport_ job creation, assemble in India, global value chain integration. Payment of taxes, registration of property, speedy clearance, labour reform, logistics, connectivity, deregulation, judicial reform, law and order situation improvement( ease of doing business).private sector dependence upon foreign funding may affect current account balance.

[georgekuttyjacob]

There is always high noise from the microphones you guys use. please use better mics and processing systems. I have been saying this on almost all big picture editions you post on the youtube.

[AjaySingh-jjoo]

A.K.Bhattacharya Sir looks like Utpal Datt from Gol Mal movie (Bhavani Shankar)..😂

[amitabhishek]

I always came to rstv for sensible debate rather than some hulla gulla

[kundankumar-ssqz]

Things weren't prepared as per debates required...kind of repetition

[shadabalam]

Sir for you, RSTV is going to be divested.

[as.ujjwal]

*T-H-A-L-I-N-O-M-I-C-S*
_It is an index of Investment on Thali (either VEG or NON-VEG) by a person._

[xyzabc]

Deregulation disinvestment domestic financial sector reform

[xyzabc]

Better the government borrow more so that less npa created by private sector

[nikeshrathour]

who predict at that time the economy will get down due to covid19 pendemic

[denscript]

Background of assist prof Du is kinda disturbing

[aliasif]

19:04 that look when frank ask the same question to other panelist