Economic Survey 2023: How India Can Achieve 7-8% Growth

Further deregulation of compliance, a focus on skilling and education, securing necessary metals and minerals, and even ensuring a fitter populace seem to be on the government's reform agenda to meet economic growth targets.

Among the desired reforms enumerated in the Economic Survey for FY23 are:

• Continued deregulation and simplification of compliances.

• Impetus must be given to education and skilling.

• Strategies to arrest and reverse the rising obesity levels. 

• Long-range plans need to be formulated to secure the necessary metals and minerals.

• Reforms to reduce compliance burden on MSMEs and enhance their access to finance and working capital.

• State governments have to address power sector issues, and the financial viability concerns of the power distribution companies.

• Determined efforts should be taken to make the public sector asset monetisation scheme successful in realising wide-ranging efficiency gains.

"Further reforms are needed to ensure that economic growth can both accelerate and be sustained at higher levels," the survey noted.