January 31, 2018

Ten Things I Learnt From The Economic Survey

Resident Senior Fellow, Praveen Chakravarty, in this Bloomberg Quint article, outlines the 10 new things he learnt while reading the Economic Survey of 2017-18. 

 

"1. Government Expenditure + Private Consumption = 95 Percent Of GDP Growth

2. Biggest And Longest Investment Boom And Bust In The World

3. Rs 7.5 Lakh Crore Stuck In Tax Litigation – That’s 5 Percent Of GDP!

4. New Taxpayers, But No New Income Tax From Them

5. One-Fifth Of All Registered Enterprises Under GST Needn’t Have Registered!

6. Five States Account For 50 Percent Of GST Revenues

7. Local Governments Collect <10 Percent Of Potential Land Taxes

8. Formalisation Good, But Income Levels Still Very Low

9. Farm Incomes Could Fall 15-25 Percent In A Hotter, Drier India

10. Two Million Women Missing Every Year"

 

Read the full article here

Topic : State Capacity / In : OP-EDS
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