Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

But the job is not done yet!
Vote for the deserving candidate this year.

Check your mail to know more

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
SPONSORED BY
LIVE TV DownloadNews18 App
News18 English
»
1-min read

Economic Survey 2017: Demonetisation to Affect Growth, Hints at Populist Budget

The Economic Survey estimates that the economy will grow between 6.75% to 7.5% next fiscal. The lower range of this estimate is below the 7.1% growth estimated for FY 2016-17.

Tushar Dhara | News18.com

Updated:January 31, 2017, 7:14 PM IST
facebookTwittergoogleskypewhatsapp
Economic Survey 2017: Demonetisation to Affect Growth, Hints at Populist Budget
The Economic Survey estimates that the economy will grow between 6.75% to 7.5% next fiscal.
Loading...
New Delhi: The Economic Survey 2016-17, which was tabled in Parliament on Tuesday, has predicted that Demonetisation will pose a risk to economic growth in the coming financial year starting April 1, with the economy likely to expand at a slower pace. It has also advocated a Universal Basic Income as an alternative to subsidy schemes to alleviate poverty and hinted that the Budget to be unveiled on Wednesday may contain measures to prop up growth.

Also read:  Explainer: Everything You Wanted to Know About the Economic Survey

The Economic Survey estimates that the economy will grow between 6.75% to 7.5% next fiscal. The lower range of this estimate is below the 7.1% growth estimated for FY 2016-17.

Sounding a pessimistic note, the Economic Survey has said that the oil price windfall enjoyed by the government will not be there next year and that manufacturing and services sector growth will slow, although the outlook for agricultural growth is bright.

Industrial sector growth will come down to 5.2% in 2016-17 from 7.4% in 2015-16 while the services sector will grow at 8.8% in FY 2016-17. Agriculture sector growth will accelerate to 4.1% in the coming year, from 1.2% in 2015-16, which was a drought year.

Also Read: Economic Survey Lauds Universal Basic Income: Here's What It Is

The survey also says that an economic recovery post demonetisation will require strong policy support, hinting at steps that may be unveiled in the budget to support the economy, possibly through cash transfers for the poor and income tax cuts for the salaried middle class.

It has also made a strong pitch for rolling out a universal basic income, saying that it is an alternative to a plethora of state subsidies meant to alleviate poverty.
| Edited by: Nakshab Khan
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
T&C Apply. ARN EU/04/19/13626
 
Most Active
Company Price Change %Gain
Reliance 1,363.85 1.38
Indiabulls Hsg 744.20 1.40
Yes Bank 232.70 -2.37
HDFC Bank 2,245.30 -1.03
PC Jeweller 126.90 -1.78
Company Price Change %Gain
SpiceJet 127.25 1.68
Yes Bank 232.85 -2.33
Jet Airways 169.90 9.90
Reliance 1,363.30 1.38
Indiabulls Hsg 745.30 1.68
Top Gainers
Company Price Change %Gain
ONGC 163.75 3.70
Zee Entertain 409.15 3.18
Sun Pharma 468.55 3.09
Bajaj Finance 3,035.05 1.46
Indiabulls Hsg 744.20 1.40
Company Price Change %Gain
ONGC 163.95 3.93
Sun Pharma 468.50 3.08
Bajaj Finance 3,035.50 1.47
Coal India 255.35 1.45
Reliance 1,363.30 1.38
Top Losers
Company Price Change %Gain
Maruti Suzuki 7,048.90 -3.72
Yes Bank 232.70 -2.37
IndusInd Bank 1,651.35 -2.34
Tata Steel 523.35 -2.03
Hero Motocorp 2,638.05 -1.91
Company Price Change %Gain
Maruti Suzuki 7,042.65 -3.60
Yes Bank 232.85 -2.33
IndusInd Bank 1,654.60 -2.18
Tata Steel 523.80 -2.15
Hero Motocorp 2,637.10 -1.74

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results