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Economy will continue to Weather Global Sluggishness with Resilience; Outlook of Multilateral Institutions positive for India

Budget - Dated:- 26-2-2016 - Multilateral Institutions in their latest assessments have underlined that in the short run, Indian growth may fall short of its growth potential of 8-9 per cent, but the economy could continue weathering the global sluggishness with resilience and consolidate the gains in macroeconomic stability in the year ahead. This is the Outlook in the Economic Survey 2015-16 presented today in Parliament by the Finance Minister Shri Arun Jaitley. The Survey highlights that wit .....

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from sluggish global demand as the Indian economy is closely integrated with the rest of the world. Exports and imports together constitute 42 per cent of the GDP, even at the reduced levels in 2015-16. On the brighter side, however, the composite growth of India s trading partners is projected to modestly improve in 2016. From the angle of aggregate demand, the survey underlines that domestic absorption has remained reasonably strong, despite reduction in overall investment. Private consumptio .....

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