Misplaced Optimism?
Economic Survey 2017/18 expects private investment and exports to spur growth. it may be far off the mark.
On January 30, two days before the Narendra Modi government announced a rural and agriculture centric Union Budget, the NDA governments fourth Economic Survey for 2017/18 was tabled in Parliament. The document provides an analytical overview of the economy during the year. Prepared by the finance ministry's chief economic advisor (CEA), Arvind Subramanian, and his team, the survey estimated that India's GDP would grow 6.75 per cent in 2017/18 and 7 7.5 per cent in 2018/19. It identified private investment and exports as the two engines that can propel the country's economic growth.
The views
