Economic Survey 2018-19: Volume II
By 2050, India will be in the global hot spot for ‘water insecurity' and there is an urgent need to focus on irrigation water productivity to raise agricultural productivity says the Economic Survey tabled in the Lok Sabha today.
Measures taken to reduce the twin balance sheet problem and the insolvency and bankruptcy code have led to an improvement in the investment climate within the economy, the Economic Survey pointed out. The continued resolution of the twin balance sheet problem following implementation of Insolvency and Bankruptcy Code 2016 and recapitalization of banks helped to promote investment, said the Economic Survey. The investment climate within the economy turned around post 2017-18 on the back of reducing uncertainty on the economic policy front. The Survey said that the Indian economy has been resilient even during rising global uncertainty.