The Economic Survey, predicts that the country’s gross domestic product (GDP) will grow by 7-7.5% in 2018-19. The survey was presented by Finance Minister Arun Jaitley for 2017-18 and it was authored by Chief Economic Adviser Arvind Subramanian.

The key highlights of the Economic Survey are:

I. GST has given a new perspective to the Indian economy and there has been 50% increase in the number of indirect taxpayers.

II. India’s formal sector, specially formal non-farm payroll, is substantially greater than what it is believed to be currently.

III. Its for the first time in Indian history, that data on international exports has included in the Economic Survey. This indicates strong correlation between export performance and standard of living of states.

IV. India’s exports are not usual, as the largest firms account for a much smaller share of exports than in other comparable countries.

V. Rebate of State Levies (ROSL) has increased exports of readymade garments by approx 16% but not for others.

VI. The survey gave details about a comparison on sex ratio. by birth between India and Indonesia, which showed that people still exhibit strong desire for male child.

VII. It was also indicated that the growth in savings dint bring economic growth, but it was due to growth in investments.

VIII. It stated that the adverse impact of climate change on agricultural yields was twice as large in un-irrigated areas as in irrigated ones.

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