#📜ಪ್ರಚಲಿತ ವಿದ್ಯಮಾನ📜 External environment uncertain, India needs to be cautious: Supriya Srinate Economic Survey ▪️Pegs GDP growth for next fiscal FY27 at 6.8-7.2%, this is lower than current fiscal ▪️Projects medium-term growth potential at 7% ▪️Geo political scenario could disrupt foreign capital inflows and consequently impact the Rupee ▪️External environment uncertain, India needs to be cautious ▪️Drying up foreign capital making the Rupee unstable ▪️Net surplus in services and remittances not enough to offset trade deficit ▪️Urges private sector to accelerate investment and job creation ▪️Indian firms’ outward investment rises from $14 bn to $24 bn in FY25 ▪️Manufacturing estimated to contribute 12.8% of GDP in FY26 ▪️Cautions against a bigger economic crisis than 2008 due to overheated AI valuations ▪️Need to retain students beyond Class 8 ▪️India’s pulses, maize and cereal yields remain below global averages ▪️Traffic and expensive houses are roadblocks for development ▪️Policy reshape needed for gig workers Some questions arise on the basis of what the Economic Survey says 👇 👉What are we celebrating? A sub 7% growth rate? 👉Survey estimates FY26 GDP growth at 7.4% and nominal GDP growth for the same period at just 8%. Why is the difference between nominal and real GDP growth rate only 0.6%? 👉Rupee has depreciated by over 6.5%. So a 8% nominal GDP growth with 6.5% Rupee depreciation means dollar GDP growth of just 1.5%. Why are we not worried? 👉For Viksit Bharat by 2047 - India needs a GDP growth of at least 8.2% every year for the next 21 years. What are we doing about it? 👉Finally someone in the govt accepting that the Rupee has been falling, but blaming it all on geo political uncertainty. But who will explain why the Rupee is the worst performing Asian currency especially when the dollar has weakened? 👉Why are foreign portfolio investors pulling money out of India? What is the plan to save the Rupee from this withdrawal? 👉Why is net FDI negative for 4 months in a row? 👉Why is India’s private sector not investing in India? 👉Why are Indian corporates investing more overseas than in India (outward investment of Indian cos rises from $14 bn to $24 bn in FY25)? 👉Why is manufacturing’s contribution to overall GDP still languishing at 12.8% - down from 15.6% under UPA and way below the targeted 25% of GDP? 👉Why have Make In India, Production-Linked Incentives (PLIs), failed to boost manufacturing? 👉Modi govt had announced 3 Employment-Linked-Incentive schemes (ELIs) in FY25 Budget to create more than 2 crore jobs. How many jobs have been created? 👉Govt had also announced an incentive scheme for 1 crore internships. Why did less than 10,000 people intern in the last 18 months? 👉Survey shows Corporate tax contribution to the total tax kitty declining, personal income tax collection rising. Why are all incentives then for wealthy corporates and not the ordinary tax payers? 👉The survey’s acceptance that students beyond Class 8 are dropping out should ring alarm bells for our education system. Does the Modi govt care which has shut down 90,000 Govt schools and consistently reduced education budget over the years? 👉Survey says India’s pulses, maize and cereal yields remain below global averages - what is being done to make agriculture more remunerative? 👉Survey says traffic and expensive houses are roadblocks for development - will the unliveable urban cities saddled with traffic, waste and pollution wake the govt up? - Supriya Srinate #External #environment #uncertain #India #needs #cautious #SupriyaSrinate #malgudiexpress #malgudinews #news #TopNews