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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 slugg .....

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h the focus on reforms in key sectors coupled with stable macroeconomic conditions, the growth prospect of 7.0 to 7.75 per cent in 2016-17 appears reasonable. Yet, the outlook will be conditioned by a number of factors and the strongest of them being .....

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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 g .....

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n has, of late, been the major driver of growth. The possible shifts on the consumption front in the next year are; first, consumption incentives flowing from declining oil prices may partially recede in the next year; second, the pay commission awar .....

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6 stresses that Government s focus on fiscal consolidation rightly limits the option of raising general government consumption expenditure. Private corporate savings and investment showed encouraging results in 2014-15; but the eventual outcome may a .....

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