Achieving the upper end of projections for economic growth at 6.75-7.5 per cent for FY18 may be difficult, cautioned part two of the Economic Survey for 2016-17, which was tabled for the first time after the financial year ended.
It said there are downward risks to economic growth projected in Volume One of the Survey tabled in January. (Read more)
Highlights of the Economic Survey 2016-17 Volume-2
Monetary Management and Financial Intermediation
- The fiscal outcome of the Central Government in 2016-17 was marked by strong growth in tax revenue, sustenance of the pace of capital spending and a