Delhi, India

Shortly after Union Finance Minister Arun Jaitley tabled the Economy Survey in the Parliament today, Chief Financial Adviser Arvind Subramanian took to Twitter sharing key points of the survey.

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This year's survey was expected to analyze the GST implementation and the demonetisation move in detail. 

"GST shows cooperative federalism; 'technology' is powerful, must be used for other reforms involving states: agriculture, power, DBT. India went from 'crony socialism to stigmatised capitalism' hence recent actions on twin balance sheet noteworthy," tweeted Subramanian. 

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Subramanian noted capital raising (public and private) to have "increased substantially".

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According to Subramanian, some of the key areas and policy agenda for the upcoming fiscal year would include supporting agriculture, GST stabilisation, recapitalisation, privatisation of Air-India and combatting macroeconomic pressures. 

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"GST revenues are doing well: 12 per cent growth, better buoyancy than previous taxes," noted Subramanian. 

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Subramanian also highlighted some of the major achievements of the past year; implementing GST, responding quickly to transitional challenges, tackling long-festering twin balance sheet challenge featured on top of the list. 

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Arvind Subramanian held a press conference a short while ago to share more details about the Economic Survey.