Question
What does āTheĀ Economic Survey Ā 2017ā point to?
Read the passage carefully to answer the questions that follow. Some of the words have been highlighted in bold to let you trace the words easily. The Union budget 2018 sounded more like an election manifesto. AnĀ election manifesto Ā deals with promises for the future and at times, is alsoĀ attributedĀ as āelection jumlaā. There are two aspects of Budget 2018; one that gives direct and immediate benefit to the āhavesā and the other that promises āchandamamaā to the āhave-notsā. Under the garb of encouraging Micro Small and Medium Enterprises, irrespective of their size, these immediate beneficiaries amount to 99 per cent of the companies filing returns. As a result of these tax benefits, the government will end up foregoing Rs 7,000 crore worth of tax revenue. Now, if we talk about the āhave-notsā under healthcare, the National Health Protection Scheme promises five lakh insurance coverage to 50 crore people every year, which amounts to insurance to the value of 50 lakh crore per annum. The premium for the same, even at a minimal one per cent, could amount to Rs 50,000 crore per annum. This insurance scheme only covers hospitalisation and at present, only Rs 2,000 crore has been allocated for this. Given the currentĀ deficit Ā of doctors, nurses, paramedical staff, medical colleges, supply of medicines, this scheme sounds like a 20-year programme, if you start it now. The target of doubling farmersā income by 2022 also amounts to a ājumlaā. In the last four years, farmer distress has increasedĀ insurmountably . In real terms, the farmersā income and agriculture productivity has come down. TheĀ Economic Survey Ā 2017 points to the fact that the average Gross Value Added (GVA) in agriculture of the last four years is merely 1.9 per cent. Given this, if farmersā incomes have to be doubled by 2022, then you need a growth rate of at least 12 per cent per annum in agriculture, which seems highly unachievable.Solution
None of the above statements except 2 is correct according to the Economic Survey 2017. Statement 3 is preceded by a condition that āifā farmersā incomes have to be doubled by 2022, then you need a growth rate of at least 12 per cent per annum in agriculture.
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