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Thursday, March 15, 2012

Insights from the Economic Survey 2011–12-Industry & Services

The newspaper editions of tomorrow and dayafter will be filled with analysis and insights as people try to decipher the numbers and read the tea leaves, for both the Economic Survey and the Union Budget. However, this blogpost aims to capture the nuggets mentioned in the 14 chapters of the budget(which I did read today!), and does not claim to be exhaustive given the huge data overload! Anyways, here goes for Chapter 9 and 10 (normal text is from the survey, bold text is mine) which can be read at these links
  1. Tremendous potential in waste recycling. 
  2. Profits obtained by squeezing workers-if we sum up the wages% and profit% , it is nearly constant, and not even interest has so much influence on profits.
  3. A holistic view of the infra sector in a single table..note that FY12 is for YTD'Dec11, also that our storage capacity is declining across the years! Either someone goofed up or something is seriously wrong in the sector..

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