The Economic Survey 2016-17 underscores the need to re-establish private investment and exports as the major drivers of growth and reduce reliance on government and private consumption. Addressing the over-indebted companies and bad-loan encumbered public sector banks will be vital.
Economic Survey: Street view
India’s benchmark Sensex has gained nine per cent so far this financial year and nearly 20 per cent since February 28, 2016, when the Economic Survey 2014-15 was presented in Parliament. Around the last Budget, the markets were at their 21-month low. Loose monetary stance by developed world central banks and improving