Wood missed for trees
Publication of the Annual Economic Survey, a day before the Union Budget, is a much-awaited event.
Publication of the Annual Economic Survey, a day before the Union Budget, is a much-awaited event.
The Economic Survey seems to have deliberately ignored adverse facts. While talking about robustness of the IT sector, no mention is made of the unprecedented global slowdown that has seen revenue losses and record lay-offs in global market leaders like Netflix, Meta, Amazon, Microsoft, Alphabet, and Apple which are directly affecting the Indian IT Sector, bringing the NIFTY IT down 11.4 per cent y-o-y, and leading to approximately 25,000 lay-offs
