India’s economic survey is seen projecting growth of 6% to 6.5% in the next year starting April 1, boosted by a series of fiscal measures to revive demand that the government is likely to announce in the budget, a source said on Friday.
India faces its worst economic slowdown in a decade. Growth slipped to 4.5% in the July-September quarter, imperilling job prospects for millions of young people entering the workforce each year.
The government has estimated gross domestic product expansion at 5% for the financial year ending on March 31, which would be the slowest pace since the global financial crisis of 2008/09.
An economic survey by chief economic adviser Krishnamurthy Subramanian will be officially announced later in the day and the government will present its budget on Saturday.
Source : PTI