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Benchmark indices pared some losses as FM Arun Jaitley tables Economic Survey for 2016-17.
The Economic Survey, government sees FY18 GDP growth in range of 6.75-7.5%. It also outlines three main downside risks to FY18 GDP growth forecast adding that demoetisation, rise in oil prices and global trade tensions will affect the growth forecast. The Survey sees fiscal windfall from invalid notes not returned. Excise related taxes will also fall around 0.1% of FY18 GDP.
In another development, Donald Trump government has introduced a bill in the US Congress that attempts to reform the H1-B visa process. The bill
The Economic Survey, government sees FY18 GDP growth in range of 6.75-7.5%. It also outlines three main downside risks to FY18 GDP growth forecast adding that demoetisation, rise in oil prices and global trade tensions will affect the growth forecast. The Survey sees fiscal windfall from invalid notes not returned. Excise related taxes will also fall around 0.1% of FY18 GDP.
In another development, Donald Trump government has introduced a bill in the US Congress that attempts to reform the H1-B visa process. The bill
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