India – Then, Now and How !

The Economic Survey 2022 was released yesterday and I found three interesting tweet threads on it. All the tweet threads show India’s movement forward. Then, now and boy, how !!!! I am re-posting Sanjeev Sanyal’s tweet thread here because he is not just a brilliant economist but also explains things that a lay person can understand.

Economic Survey 2022 – Sanjeev Sanyal’s Tweet Thread

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The #EconomicSurvey2022 has just been presented in Parliament. It comes in 2 volumes- the first looks at overall macroeconomic and sectoral developments, and the second is a revamped statistical appendix #EconomicSurvey (1/16) @FinMinIndia @PIB_India @nsitharamanoffc

Indian Economy is estimated to have crossed the pre-pandemic level in 2021-22 with 9.2% growth (AE). Contact intensive services still impacted. #EconomicSurvey2022 #EconomicSurvey (2/16) @FinMinIndia @PIB_India@nsitharamanoffc

#EconomicSurvey2022 forecasts that GDP will grow by 8.0-8.5% in 2022-23. In the interest of transparency, all assumptions have been clearly laid out. This is more conservative than IMF’s 9% but still world’s fastest #EconomicSurvey (3/16) @FinMinIndia @PIB_India @nsitharamanoffc

Macroeconomic stability indicators look healthy and should provide a buffer from global uncertainty. Forex reserves at approx. US$635bn, equivalent to 13.2 months of imports #EconomicSurvey2022 #EconomicSurvey (4/16) @FinMinIndia@PIB_India @nsitharamanoffc

Banking system is well capitalized. Gross and Net NPA ratio steadily declining despite the pandemic shock. #EconomicSurvey2022 #EconomicSurvey(5/16) @FinMinIndia @PIB_India @nsitharamanoffc

Record risk capital has been mobilized from capital markets by corporates. More importantly there has been a sharp increase in starups across India in 2021-22. #EconomicSurvey2022 #EconomicSurvey (6/16) @FinMinIndia @PIB_India@nsitharamanoffc

Strong growth in Tax and Non-tax revenue have improved fiscal position despite increased spending in health & infra sector. #EconomicSurvey2022#EconomicSurvey (7/16) @FinMinIndia @PIB_India @nsitharamanoffc

#EconomicSurvey2022 analyses volatility in tomato & onion prices every year to discern the impact of seasonality and weather shocks. #EconomicSurvey (8/16) @FinMinIndia @PIB_India @nsitharamanoffc

Over the course of an year, India delivered 157 crore doses that covered 91 crore people with atleast 1 dose and 66 crore with both doses. #EconomicSurvey2022#EconomicSurvey (9/16) @FinMinIndia @PIB_India @nsitharamanoffc

India’s unique Covid policy response based on Barbell Strategy, Safety Nets & Agile Framework-Combining safety-nets for vulnerable sections while responding iteratively based on Bayesian-updating of information #EconomicSurvey2022(10/16) @FinMinIndia@PIB_India@nsitharamanoffc

#EconomicSurvey2022 discusses various measures for helping vulnerable, both as pandemic response and longer term strategy. Impressive progress in providing tap connections to households under Jal Jeevan Mission #EconomicSurvey (11/16) @FinMinIndia @PIB_India @nsitharamanoffc

#EconomicSurvey2022 discusses supply side measures in terms of barbell strategy to create “Flexibility and Innovation” on one hand and “Atmanirbhar Resilience” on the other. #EconomicSurvey (12/16) @FinMinIndia @PIB_India@nsitharamanoffc

#EconomicSurvey2022: Satellite photos of Night-time Luminosity between 2012 & 2021 shows expansion of electricity supply, economic activity and urban growth (13/16) @FinMinIndia @PIB_India @nsitharamanoffc

#EconomicSurvey2022 shows expansion of national highways from 71772 km in 2011 to 140152 km in 2021. #EconomicSurvey (14/16)@FinMinIndia @PIB_India@nsitharamanoffc

#EconomicSurvey2022 shows number of operationalized airports increased from 62 in 2016 to 130 in 2021 (Post-UDAN) #EconomicSurvey (15/16) @FinMinIndia@PIB_India @nsitharamanoffc

Using new geo-spatial methods, #EconomicSurvey2022 compares the extent of urban expansion in Delhi-NCR, Mumbai and Bangalore over time. #EconomicSurvey (16/16) @FinMinIndia @PIB_India @nsitharamanoffc

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India – Then, Now and How !

There are four charts above where we can see things have changed as they were “then” to “now. The national highways, electrification, Jal Jeevan Mission and urban expansion, especially in the Golf Course road !!

Arun had rightly pointed out on Twitter that its “Bijli, Sadak, Paani” that every Govt promised but only Modiji’s government delivered on it. No wonder, he is the greatest Prime Minister our country has seen and will see in a long long time. That’s the cue, Rudaalis, go for it ! Bawl your heart out.

For fun do read this tweet thread – Not the India we grew up in.

#IndiaThen&Now #EconomicSurvey2022