Thursday, March 15, 2012

Finance Ministry will present Economic Survey today

The Finance Ministry will on Today present the Economic Survey a day ahead of the tabling of the Union Budget in Parliament by the Finance Minister.

This will be Chief Economic Advisor Dr Kaushik Basu’s last Economic Survey as his three-year term comes to an end.

The Economic Survey comes against a backdrop of a high interest rate regime and policy paralysis at the Centre. It is likely to recommend measures to tackle the widening fiscal deficit and combat high inflation that has marred the country’s economic growth.

The survey might also suggest measures to attain a double-digit economic growth. The economy is expected to hit 6.9 percent growth for 2011-2012, the slowest since the global crisis of 2008.

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