FM presents pre-Budget Economic Survey
The Economic Survey said the Govt must ensure a non-inflationary growth with speeding up of reforms for sustaining 9 pc expansion.business Updated: Feb 28, 2008 14:12 IST
Projecting an 8.7 per cent growth in the current fiscal, the Economic Survey on Thursday said the government should ensure a non-inflationary growth along with speeding up of reforms for sustaining nine per cent expansion in GDP.
"Maintaining growth rate at nine per cent will be a challenge and raising it to two digits will be an even greater one," Economic Survey for 2007-08 presented in Parliament said.
The survey, tabled by Finance Minister P Chidambaram in Lok Sabha, said that while the Gross Domestic Product (GDP) is expected to grow by 8.7 per cent in 2007-08, "this represents a deceleration from the unexpectedly high growth of 9.4 per cent and 9.6 per cent, respectively, in the previous years".