India's economy expected to grow 6.75-7.5%: Survey 2017/18
India's economy expected to grow 6.75-7.5%: Survey 2017/18
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On Tuesday the finance ministry will say in its pre-budget Economic Survey, India's economy is expected to grow by between 6.75 and 7.5 percent in the coming fiscal year.

India’s economy is projected to sustain a 7.6% growth rate in both fiscal years 2016-17 and 2017-18. 

The survey was conducted in the months of December 2016/ January 2017 and drew responses from leading economists representing industry, banking and financial services sector.

The Central Statistical Organisation had estimated a GDP growth of 7.1% for 2016-17 earlier in January.

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Asia's No.3 economy could face an adverse impact if the oil price exceeds $65 a barrel in 2017/18, News rise also reported. The Economic Survey is due out shortly, ahead of Finance Minister Arun Jaitley's annual budget on Wednesday.

 

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