Growth pangs to linger; exports to boost GDP growth: Economic Survey

GDP growth pegged at 6.75-7.5 per cent in 2017-18

Underlining the uncertainty in the economy, the Economic Survey 2016-17 on Tuesday projected gross domestic product (GDP) to grow at 6.75-7.5 per cent in FY18. The Central Statistics Office (CSO) had earlier projected 7.1 per cent in FY17.
 
]With private investments unlikely to recover significantly from the current levels, the Survey expects exports to provide the much-needed fillip to the growth. The outlook for consumption, which accounts for a lion’s share of GDP, is uncertain, it noted.

 Of the four principal drivers of growth, exports could well turn out to be the driver of growth in FY18. After