Rajeev Mantri Profile picture
Tweets on India, investing, venture capital, tech | @NavamCapital | Blog @VenturingIn | @ANewIdeaOfIndia @IECouncil

Jan 31, 2022, 18 tweets

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

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

Diversification of tax sources and widening the tax base - especially for individual income tax - is critical. #EconomicSurvey2022

What difference is Government e-Marketplace (GeM) gem.gov.in - launched in August 2016 - making for public procurement?

GeM saves public money on a huge scale. #EconomicSurvey2022

Exports going up and sustainably so, as @neelkanthmishra has also written.

Rising merchandise trade balance means India is also expanding its options in the international relations sphere too because of the increased trade.

The #IndiaTech phenomenon. Foreign investment in startups (overlapping with the computer software + hardware sector) has become a significant source of FDI contribution. #StartupIndia

Also: @GIFTCity_ should offer some competition to Singapore and Mauritius. #EconomicSurvey2022

One of the biggest, most important successes of the Modi Govt: the Insolvency and Bankruptcy Code, which not only restored the credibility of capitalism hindustantimes.com/opinion/how-mo… ...but fixed the banking crisis inherited from UPA 2. #EconomicSurvey2022

Financialization at warp speed.

Retail investors are becoming a bigger segment of the stock market. At it is just the beginning. #EconomicSurvey2022

#EconomicSurvey2022 reaffirms the commitment to privatize or close almost all the 256 operational public sector enterprises (PSEs) - only a "bare minimum presence" to be maintained in the notified strategic sectors where PSEs will remain.

National Infrastructure Pipeline envisages an investment of Rs 111 lakh crore / $1.5 trillion to build infrastructure across a range of industries. #EconomicSurvey2022

Highway and road construction is proceeding at breakneck speed. #EconomicSurvey2022

>@RailMinIndia to electrify its entire network by December 2023. Again, the pace is (pun not intended) electrifying. #EconomicSurvey2022

Railways capital expenditure in 2021-22 will be 5x the capex in 2014. Yes, the ramp up is *5x in 7 years*. Enough capacity to be built up by 2030 so that the rail infra in the country is ahead of demand.

Staggering vision, and excellent execution so far. #EconomicSurvey2022

The internet boom, mainly led by private sector telecom companies.

The telecom story is, in my view, unquestionably the single-biggest transformation catalyst of the post-1991 era. #EconomicSurvey2022

Among the least discussed, but most high-impact reforms - removal of telecom regulations for BPO sector. One of those things that doesn't grab headlines but brings immediate, tangible changes for an industry. #EconomicSurvey2022

e-Shram portal eshram.gov.in/home, a national database of unorganized sector workers, has registered 22.85 crore workers. #EconomicSurvey2022

The Survey provides an update on the implementation status of the new Labour Codes by the States. This is a crucial reform for @makeinindia and for boosting manufacturing. #EconomicSurvey2022

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