Ahead of the Union Budget on Monday, the Economic Survey, a flagship annual document of the Ministry of Finance was tabled by Union Finance Minister Arun Jaitley and presented by chief economic advisor Arvind Subramanian. The Economic Survey, which reviews the developments in the economy over the past 12 months is an indicator of government's finances detailing the prospects of the economy in the short term.
Ahead of the Union Budget on Monday, the Economic Survey, a flagship annual document of the Ministry of Finance was tabled by Union Finance Minister Arun Jaitley and presented by chief economic advisor Arvind Subramanian. The Economic Survey, which reviews the developments in the economy over the past 12 months is an indicator of government's finances detailing the prospects of the economy in the short term.
Current RBI policy rates seems ‘Neutral’
Corporate, Bank balance-sheet remain stressed
Industry growth estimated to have accelerated in FY16
FY17 CAD seen at 1-1.5% of GDP
FY17 expected to be challenging from fiscal front
Over 8% growth in next couple of years
India Farm growth seen lower for second year
FY17 expected to be challenging from fiscal front
Medium term growth trajectory at 7-7.5% with downside risks
FY16 GDP growth seen at 7-7.5%
FY16 fiscal deficit of 3.9% seems achievable
Downside risks to medium growth due to global economic conditions
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MoS FINANCE: Have Bought Systemic Reforms Via Indra Dhanush
MoS Finance Jayant Sinha: Stressed assets increased with economic downturn. Need to address stress in industry & economy.
Govt committed to fiscal consolidation.
7th pay comm recos complicates FY17 fiscal task.
Current RBI policy rates seems ‘Neutral’
Corporate, Bank balance-sheet remain stressed
Industry growth estimated to have accelerated in FY16
FY17 CAD seen at 1-1.5% of GDP
FY17 expected to be challenging from fiscal front
Over 8% growth in next couple of years
India Farm growth seen lower for second year
FY17 expected to be challenging from fiscal front
Medium term growth trajectory at 7-7.5% with downside risks
FY16 GDP growth seen at 7-7.5%
FY16 fiscal deficit of 3.9% seems achievable
Downside risks to medium growth due to global economic conditions
Economic Survey: India's 2016/17 economic growth seen between 7.0 to 7.75 percent
Eco Survey 2016-17: FY17 GDP Growth Seen At 7-7.5%
Eco Survey 2016-17: FY17 Expected To Be Challenging From Fiscal Point Of ViewEco Survey 2016-17: FY17 GDP Growth Seen At 7-7.5%
MoS FINANCE: Have Bought Lot Of Changes For Sectors Under Stress
MoS FINANCE: Have Bought Systemic Reforms Via Indra Dhanush
MoS Finance Jayant Sinha: Stressed assets increased with economic downturn. Need to address stress in industry & economy.
Govt committed to fiscal consolidation.
7th pay comm recos complicates FY17 fiscal task.
Global uncertainties to impact Rupee to be less than other EM economies.
FY17 CPI inflation seen at 4.5-5%.
Credibility argues for adhering 3.5% of fiscal aim for FY17.
Plan to infuse to Rs 70.000 crore in PSU bank in a few years.
Recommended not increasing income tax exemption threshold.
Prospects of aggressive fed rate hike receding.
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