This year's Economic Survey focuses on Wealth Creation. To quote from the Economic Survey
"Economic dominance over such long periods manifests by design, and not by mere chance. In this context, the Survey notes that our age-old traditions have always commended wealth creation. While Kautilya’s Arthashastra is given as a canonical example, wealth creation as a worthy human pursuit is recognised by other traditional literature as well. The Thirukural, a treatise on enriching human life written in the form of couplets by Tamil saint and philosopher Thiruvalluvar, asserts in verses 753 of Chapter 76: “Wealth, the lamp unfailing, speeds to every land; Dispersing darkness at its lord’s command.” In verse 759 of the same chapter, which forms the second part of the Thirukural called Porul Paal or the essence of material wealth, Thiruvalluvar, declares: “Make money – there is no weapon sharper than it to sever the pride of your foes.” Needless to say, Thirukural advocates wealth creation through ethical means – an aspect that is discussed later in this chapter. "
"Economic dominance over such long periods manifests by design, and not by mere chance. In this context, the Survey notes that our age-old traditions have always commended wealth creation. While Kautilya’s Arthashastra is given as a canonical example, wealth creation as a worthy human pursuit is recognised by other traditional literature as well. The Thirukural, a treatise on enriching human life written in the form of couplets by Tamil saint and philosopher Thiruvalluvar, asserts in verses 753 of Chapter 76: “Wealth, the lamp unfailing, speeds to every land; Dispersing darkness at its lord’s command.” In verse 759 of the same chapter, which forms the second part of the Thirukural called Porul Paal or the essence of material wealth, Thiruvalluvar, declares: “Make money – there is no weapon sharper than it to sever the pride of your foes.” Needless to say, Thirukural advocates wealth creation through ethical means – an aspect that is discussed later in this chapter. "
Some other Slides which capture the theme of Economic Survey
To quote the Economic Survey Further
"
The survey posits that India’s aspiration to become a $5 trillion economy depends critically on strengthening the invisible hand of markets and supporting it with the hand of trust.
The invisible hand needs to be strengthened by promoting pro-business policies to
(i) provide equal opportunities for new entrants, enable fair competition and ease doing business,
(ii) eliminate policies that unnecessarily undermine markets through government intervention,
(iii) enable trade for job creation, and
(iv) efficiently scale up the banking sector to be proportionate to the size of the Indian economy.
Introducing the idea of “trust as a public good that gets enhanced with greater use”, the Survey suggests that policies must empower transparency and effective enforcement using data and technology to enhance this public good.
The invisible hand needs to be strengthened by promoting pro-business policies to
(i) provide equal opportunities for new entrants, enable fair competition and ease doing business,
(ii) eliminate policies that unnecessarily undermine markets through government intervention,
(iii) enable trade for job creation, and
(iv) efficiently scale up the banking sector to be proportionate to the size of the Indian economy.
Introducing the idea of “trust as a public good that gets enhanced with greater use”, the Survey suggests that policies must empower transparency and effective enforcement using data and technology to enhance this public good.
"
