City
Epaper

Quotes, anecdotes, mythology drive Economic Survey 2018-19

By IANS | Updated: July 4, 2019 22:15 IST

Phenomenon related to Behavioural Economics to Mahatma Gandhi's quotes as well as anecdotes from religion and mythology were tastefully woven in the India Economic Survey 2018-19.

Open in App

Besides quotes from eminent personalities like Gandhi, John Maynard Keynes and Kautilya, the document which paints the picture of India's economy hosts several delightful illustrations on how the Swachh Bharat Mission (SBM) and the Beti Bachao Beti Padhao (BBBP) have successfully employed behavioural insights.

Prepared by the Economic Division under the Ministry of Finance, it had acronyms such as "from BBBP (Beti Bachao, Beti Padhao) to BADLAV (Beti Aapki Dhan Lakshmi Aur Vijay Lakshmi)".

Even chapters have been titled by keeping in mind, the complexity of the topic but with a tinge of masala: "Policy for Homo Sapiens, Not Homo Economicus: Leveraging the Behavioural Economics of 'Nudge'".

Apart from a goal setting approach, the survey also warned against tax evasion, and wilful default, and the doctrine of pious obligation by quoting scriptures from Hinduism, Islam and Christianity.

"Thus, the repayment of debt in one's own life is prescribed as necessary by scriptures across religions," it says in one of the chapters.

"Given the importance of religion in the Indian culture,the principles of behavioural economics need to be combined with this 'spiritual religious norm' to reduce tax evasion and wilful default in the country."

In addition, actual 'sky blue' colour points towards the wanderlust of chasing the economic goals of the country that the survey propagates.

"When was the last time you looked at the blue, unfettered sky and wondered about the power of the unfettered "blue sky" thinking? #EcoSurvey2019," Chief Economic Adviser Krishnamurthy Subramanian tweeted.

"The cover design of #EcoSurvey2019 of "inter-linked gears" captures the idea of investment, savings, exports, growth and jobs being complementary and therefore forming components of a "Virtuous Cycle" with investment as the key driver 3/3 @FinMinIndia @PIB_India @nsitharamanoffc."

( With inputs from IANS )

Tags: indiaHomo Economicus
Open in App

Related Stories

InternationalIranian President Calls for Constructive Role of Brics to Halt West Asia Conflict During Talks With PM Modi

LifestyleEid 2026 Date: When Will Saudi Arabia, UAE and India Celebrate Eid-ul-Fitr?

MaharashtraMaharashtra CM Devendra Fadnavis Unfurls 200-Foot National Flag at Nagpur’s Kasturchand Park

NationalAhmedabad Traffic Update for India vs New Zealand T20 World Cup Final: Check Road Closures and Alternate Routes Near Narendra Modi Stadium

AurangabadLocal industries feel heat of Global conflict

कारोबार Realted Stories

BusinessMSEs, women-led enterprises help GeM clock Rs. 18.4 lakh cr cumulative GMV in FY25-26

BusinessKalpakkam nuclear reactor reflects India’s engineering enterprise: PM Modi​

BusinessBCAS, RRU to establish India’s indigenous aviation security equipment testing centre

BusinessBangladesh faces LDC graduation setback amid economic instability

BusinessMinistry of Mines notifies new rules to boost exploration of critical minerals