Economic Survey II: Achieving 7.5% GDP growth difficult in FY18, says govt

Economic Survey is realistic on growth

After more data were released on the health of the economy, economic advisors in the finance ministry now realise that clocking 7.5 per cent growth may be a difficult task for the current fiscal year. 

Not that they were sure of this target when Volume I of the Economic Survey was released in January this year. What they had projected was a wide range of 6.75-7.5 per cent. So, they had forecast both lower than 7.1 per cent growth, achieved in 2016-17, as well as higher than that, not sure of how the twin balance sheet problem would pan out. Now