Economic Survey primer: Here are short notes on key economic policy issues

A few nuggets from the survey - recouping what was lost, and re-energising what had slowed down

‘Recovery complete’

• Indian economy is staging a broad-based recovery across sectors, positioning to ascend to the pre-pandemic growth path in FY23.  The capital expenditure of the government and crowding in the private capex led by strengthening balance sheets of companies is a growth drivers for the Indian economy in the current year

• Retail inflation was back within RBI’s target range in November 2022. Direct tax collections for April-November 2022 remained buoyant

• The credit growth to the MSME sector was over 30.6 per cent on average during Jan-Nov 2022

Pandemic behind us

• The Indian