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Economic Survey pegs 2016-17 GDP growth at 6.5%

Finance Minister Arun Jaitley tabled the Economic Survey 2016-17 in Lok Sabha on Tuesday.


  • Economic growth to rebound to 6.75 – 7.5% in 2017-18.
  • GDP growth in 2016-17 to dip to 6.5 per cent, down from 7.6 per cent in last fiscal.
  • Survey sees fiscal windfall from Pradhan Mantri Garib Kaayan Yojana, low oil prices.
  • Farm sector to grow at 4.1 per cent in the current fiscal, up from 1.2 per cent in 2015-16.
  • Fiscal gains from Goods and Services Tax will take time to realise: Survey.
  • Growth rate of industrial sector estimated to moderate to 5.2 per cent in 2016-17 from 7.4 per cent last fiscal.

More details soon…

Source: Rediff