Political stability should awaken the animal spirits of the economy: CEA

India expects economic growth to rebound this year from a five-year low, as political stability aids a pickup in demand and investments.
 

Real gross domestic product growth for the fiscal year started April 1 is projected at 7%, the Finance Ministry said in its annual Economic Survey report. The upside and downside risks to growth are evenly balanced, with monsoon rainfall seen tipping the scales, it said.
 

“The political stability in the country should push the animal spirits of the economy, while the higher capacity utilization and uptick in business expectations should increase investment activity,” said the Survey, authored by