Expert view on India's Economic Survey
Last Updated: Friday, February 27, 2015, 12:54
Mumbai - India`s economy will grow at a rate of more than 8 percent in the 2015/16 fiscal year that will be covered by Finance Minister Arun Jaitley`s budget on Saturday, a government economic report said.
COMMENTARY
SHUBHADA RAO, CHIEF ECONOMIST, YES BANK, MUMBAI
"It basically says the economy is now poised to take off, with key enablers getting into place.
"Triggering an investment-led growth environment should augur well for India`s growth trajectory to get on to a higher path.
"The government is not going to be easing its resolve to maintain fiscal consolidation. We anticipate that given the comfort on inflation, measures to boost investment are likely to concretely come on board.
"We expect the Union Budget to maintain a similar underlying theme. We are looking at fiscal deficit projection of 3.6 percent for FY16.
Reuters
First Published: Friday, February 27, 2015, 12:54
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