Hindi IAS100
ias100.in Official Website for Civil Services Chronicle
Perfection is not attainable, but if we chase perfection we can catch excellence.

Vince Lombardi

9582219047/ 9582219048/ 9582948810


Quick Contact

You are here: Daily Dose
Economic Survey lowers growth forecast

Chief Economic Adviser (CEA)Arvind Subramanian has forecasted Indian economy s growth in 2017-18 to be closer to 6.5% than 7.5%. He said, the balance of risks to the growth outlook has clearly shifted to the downside of the range 6.5%-7.5%.

He underlined that there has been an  across-the-board deceleration in real activity since the first or second quarter of last year,  which could have intensified owing to demonetisation of high-value currency notes by the government last November.

He identified some risks ahead:
• GDP, core GVA, IIP, credit investment and capacity utilization all points to deceleration in real activity.
• There exist bottlenecks in the supply of fruits and vegetables.
• Seventh pay commission awards might prove to be inflationary.
• Farm loan waivers might drag on the growth.

According to CEA, farm loan waivers might drag on the growth rather than having an inflationary impact. To accommodate the loan waiver, States will have to cut down either expenditure or raise taxes which will be deflationary.

Economic Survey highlights some positive developments as:
• 3.5 Lakh new registrations on GST portal.
• In-principle decision to privatise Air India.
• Structural downward shift in Inflation.
• Actions taken to address stressed bank and corporate balance sheets.

Share Button

Subscribe IAS100 Newsletter

  UPSC Daily Dose : Current Affairs
Government gave a go ahead to TN NEET ordinance
India keen on expansion of oil import sources
Economic Survey lowers growth forecast
Rationalising Subsidy, Centres expenditure framework
Upper house passed Banking Regulation (Amendment)Bill
Why AIJS is not a good idea
The deaths which shook Gorakhpur
ISRO set to launch Earth Observation Satellite
Hue and Cry around Article 35 A
Swachh Gramin Survey 2017, Bharat moving towards ODF
National Food Security Act lacks governance
States unwilling for stricter Anti-Racism Law
Government skipped procedure on Cattle trade ban
Clouds hover over Finance Act
Make in India needs Effective Implementation
Home | About Us | Contact Us | Terms & Conditions | Refund Policy | Delivery Policy | Disclaimer | Copyright Policy | Privacy policy |
Partner sites :  chronicleias.com | chronicleindia.in

Copyright © 2018 Cgmantra Digital Media Pvt. Ltd.


Please Give Your Valuable FEEDBACK To Serve You Better.

Please enter security code, displayed below !
(Note: code should be entered in small letters)