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7.5% economic growth is not possible: information in economic Survey
August 12 , 2017
2660 days
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• The Economic Survey said that the country's economic growth rate is not likely to be higher than expected (7.5 percent).
• The reason for this are Agricultural credit discounts, and the decline in Indian rupee against foreign exchange.
• The Prime Minister has commented that the demonetisation will improve the country's economic position.
• The first part of the economic survey of this year was published in last January, in which the economic growth rate of the country was projected to grow from 6.5 percent to 7.5 percent.
• In the meantime, the Central Government initiated various reform measures in the coming months. In particular, the Goods and Service Tax (GST) procedure has been implemented. Their implications were expected to reflect the financial position of the country.
• To confirm this, some features of this context has been published in the second part of the economic survey.
• Union Finance Minister Arun jaitley tabled the Economic Survey report in the parliament, which was prepared under the supervision of Chief Economic Advisor Arvind Subramanian.
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