Economic Survey 2020: A decade-old slowdown reversing?

Investments suffered as companies were keen on repaying debt rather than taking fresh loans to add to capacity

An Economic Survey (ES), written at the time of what appears to be a prolonged economic slump can perhaps be best “judged” on the basis of its ability to answer two questions. Has the government’s chief Economic Advisor (CEA), its intellectual-in-residence and the ES’ principal author, provided a consistent diagnosis of why such a situation has come to pass? Second, has he come up with a set of solutions that could alleviate the crisis or at least halt the slide in the economy? 

I would argue that the ES scores reasonably well on its reading of the current economic slowdown. For