FM presents pre-Budget Economic Survey | business | Hindustan Times
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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".