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Economic Survey II: Achieving 7.5% GDP growth difficult in FY18, says govt

Economic Survey is realistic on growth

Indivjal Dhasmana  |  New Delhi 

After more data were released on the health of the economy, economic advisors in the finance ministry now realise that clocking 7.5 per cent growth may be a difficult task for the current fiscal year.  Not that they were sure of this target when Volume I of the Economic Survey was released in January this year. What they had projected was a wide range of 6.75-7.5 per cent. So, they had forecast both lower than 7.1 per cent growth, achieved in 2016-17, as well as higher than that, not sure of how the twin balance sheet problem would pan out. Now they are more firm that risks ...

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First Published: Sat, August 12 2017. 02:05 IST
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