Economic Survey expects GDP to grow at 7 to 7.5% in 2018-19

January 29, 2018 12:52

Economic Survey 2017-18 was tabled in Lok Sabha today by Fiannce Minister Arun Jaitley.

The survey predicts India's GDP growth to be between 7-7.5% in 2018-19, from 6.75% in 2017-18.

A series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75% this fiscal and will rise to 7.0 to 7.5% in 2018-19, the survey said.

Current high oil prices is a major concern, says Economic Survey 2017-18.

The survey also said that preliminary analysis of the goods and services tax data reveals 50% increase in the number of indirect taxpayers.

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