Discover and read the best of Twitter Threads about #economicsurvey2020

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Budgetary allocation for #MGNREGA has been slashed from Rs. 71,002 crore in 2019-20 (Revised Estimates) to Rs. 61,500 crore in 2020-21 (Budget Estimates) viz. a fall of Rs. 9,502 crore (-13.4%). URL is… #EffectiveDemand
In comparison to #MGNREGA allocation of Rs. 60,000 crore in 2019-20 (B.E.), the rise in allocation in 2020-21 (B.E.) is just by Rs. 1,500 crore (viz. 2.5%). #unionbudget_2020 @newsclickin @sayantanbera @the_hindu @rozi_roti @NREGA_Sangharsh
@newsclickin @sayantanbera @the_hindu @rozi_roti @NREGA_Sangharsh Headline #retailinflation increased to 4.1% in 2019-20 (Apr-Dec, 2019) as compared to 3.7% in 2018-19 (Apr-Dec, 2018), according to #EconomicSurvey2020. URL is… #MGNREGA #Budget2020 #FiscalStimulus #RuralDemand
Read 4 tweets
The #EconomicSurvey2020 was released on Jan 31, 2020. The theme - "Wealth Creation". This thread provides a brief summary of each chapter in Volume I.


@FinMinIndia @nsitharaman @nsitharamanoffc @SubramanianKri
@FinMinIndia @nsitharaman @nsitharamanoffc @SubramanianKri #EconomicSurvey2020 bats for allowing the "invisible hand" to do its job. Market should only be supported and not attempted to be controlled by the government. #Budget2020 #BudgetWithCDL
#Entrepreneurship is key to wealth creation and India's journey towards a #5TrillionEconomy. #EconomicSurvey2020 argues for continued and expanded support for entrepreneurs. #Budget2020 #BudgetWithCDL
Read 11 tweets
#Thalinomics calculates food prices as a % of income of workers in organised manufacturing to claim that food has become more affordable - less than 5% of all workers in India are in organised manufacturing, which is one of rare sectors where wages have been rising (1/n)
what is really shocking is even for organised sector workers more than 50% of income needed to consume thali that meets dietary requirements as per #EconomicSurvey2020 - imagine how impossible it is for more than 80% earning much lower wages to achieve adequate diets (2/n)
to add to that wages across rural areas have been almost stagnant - "Since May 2014 real wages of agricultural labourers have grown at the rate of 0.77% per annum until October 2018,and only at 0.02% per annum for non-agricultural labourers"… (3/n)
Read 5 tweets
#EconomicSurvey2020 asks govt to slash food subsidy coverage to bottom 20%.

This, when rural India is in pits due to lack of jobs, falling wages and rising food prices. If not for the food security act, we would see many starvation deaths today.
Photo: Shish Kumari, 9, Panna district, Madhya Pradesh. First meal of the day: 3 PM.
Read the story here: New hunger games in jobless Bharat…
Read 3 tweets

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