The BJP on Wednesday accused the Congress of "blowing out of
proportion" issues highlighted in the Economic Survey especially
agriculture, education and unemployment and asserted that the government
would steer the economy towards doubling farm income, accelerating
growth and generating employment.
In a statement, the BJP
spokesperson on economic affairs Gopal Krishna Agrawal said,
"Acknowledging an area of concern is the first step towards its
successful resolution. But blowing them out of proportion is mere
politics".
As opposed to the critique that the Economic Survey
admits failure on critical areas like agriculture, education and
unemployment, the document is a reiteration of the Government’s
commitment to double farmer’s income by the year 2022 and identification
of agriculture, education and employment as the focus area for the
Budget, he said.
"Understanding that agriculture sector’s growth,
measured simply by increase in production will never brings desired
results, the Government’s focus is on increasing the farmer’s income.
There are several initiatives in the pipeline; discussions like direct
market sale of farm produce and compensation to the farmers for
difference in Minimum Support Price (MSP) and the market price,
insurance; targeting towards the fluctuating prices of farm produce,
Government’s plan to align import/export policy to farmer’s price
realization instead of merely looking at consumer price inflation, all
these are welcome steps. Increasing MSP without having complete supply
chain linkages and warehousing facilities is a drain on the Government
resources, is inflationary and distorting crop production pattern," he
said.
Agrawal said with no reliable job data after 2011, all
estimates are merely claims and counter claims and there is absolute
clarity on the policy direction that jobs creation will be a result of
encouraging entrepreneurship and self employment.
"Ten crore Mudra
loans out of which about three crores are first time beneficiaries will
have to be accounted for as new businesses. India is the fastest
growing economy in the world with huge infrastructure spend by the
Government, there is ample evidence that this is not jobless growth. If
roads are being built, new houses are being constructed; someone must be
getting work to do it," he said.
Streamlining of tax collection
through historical policy measures like GST has resulted in an
extraordinary growth in the number of tax payers in the country. "Fifty
per cent growth in the number of tax payers under indirect tax regime
and 12 per cent increase in GST collections show a positive impact of
tax compliances after GST. Similarly, increase in direct tax collection
to the tune of 19 per cent indicates that demonetisation has benefitted
tax compliance, bringing more resources in the hands of government,
helping towards lowering and streamlining of tax rates," Agrawal said.