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Showing posts with the label economic survey 2017-18

Economic Survey 2017-18

Economic Survey 2017-18 GDP to grow 7-7.5% in FY19; India to regain fastest growing major economy tag GDP growth to be 6.75% in FY2017-18 Policy vigilance required next fiscal if high oil prices persist or stock prices correct sharply Policy agenda for next year -- support agriculture, privatise Air India, finish bank recapitalisation GST data shows 50% rise in number of indirect taxpayers Tax collection by states, local governments significantly lower than those in other federal countries Demonetisation has encouraged financial savings Insolvency Code being actively used to resolve NPA woes Retail inflation averaged 3.3% in 2017-18, lowest in last 6 fiscals India needs to address pendency, delays and backlogs in the appellate and judicial arenas Urban migration leading to feminisation of farm sector Rs 20,339 cr approved for interest subvention for farmers in current fiscal FDI in se