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Table 5 of the Economic Survey lays out in detail all the welfare measures taken through the Covid crisis, along with the results thereof. #EconomicSurvey2022
@sanjeevsanyal
@sanjeevsanyal
This has been India's approach, all through the pandemic. Strong safety nets targeted (thanks to @UIDAI and @India_Stack) at those who need it most, and an iterative approach that adapts to evolving situations.
Macro is strong and stable - even if global conditions worsen from here, India is in a good position to weather storms. #EconomicSurvey2022
In November 2020, a journalist wrote a piece titled "Why I Am Losing Hope In India". The screed was shared widely by the usual suspects, offering an extremely negative prognosis on how the India story might be on its last legs.
Let us assess how things have turned out over the last ~15 months for India and the Indian economy.
Entrepreneurship: 2021 was a record year for IPOs and for new unicorns minted.
Entrepreneurship: 2021 was a record year for IPOs and for new unicorns minted.
India continued to see net investment from institutional investors, even as other Asian countries saw significant net outflows - reflecting investor confidence in Indian business.
