Question
What is the central theme of the Economic Survey
2021-22?Solution
The central theme of this year’s Economic Survey is the “Agile approach” that uses feedback-loops, and the monitoring of real-time data using 80 High Frequency Indicators (HFIs) in an environment of extreme uncertainty. Planning matters in this framework but mostly for scenario- analysis, identifying vulnerable sections, and understanding policy options rather than as a deterministic prediction of the flow of events.
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