The Indian government’s Economic Survey

The Indian government’s Economic Survey for 2017-18 expects a pick-up in growth in the coming year and leaves room for a deviation from the stated path of fiscal consolidation. The Economic Survey pegs growth at 7-7.5 percent in 2018-19 compared to an estimated 6.75 percent in the current year.

“A series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75 percent this fiscal and will rise to 7.0 to 7.5 percent in 2018-19, thereby re-instating India as the world‘s fastest growing major economy,” said the survey.

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