Published: Tue, January 30, 2018
Global News | By Stacy Ballard

December-end forex reserves up 14.1%: Economic Survey

December-end forex reserves up 14.1%: Economic Survey

After listing the unfinished work (and there are many), the Survey seems to prepare the grounds for failure by praying that the world economy maintains its growth momentum and oil prices do not persist at current levels. Soon after it was introduced, the Sensex jumped 315 points. In the 3-day budget session, discussions will be held over the economic survey along with other important bills. A similar appeal was made by PM Narendra Modi earlier.

Three days before finance minister Arun Jaitley presents the budget for financial year 2019, the CEA also pointed out that government policies must incentivise investments.

India's government will be trying to woo back rural voters and small businesses when it announces the 2018/19 budget on Thursday and pick up economic momentum as it heads into a season of elections, officials said. "If we tackle the twin balance sheet problem, that will improve it as well", chief economic advisor Arvind Subramanian told reporters at a briefing. Dr Subramanian doesn't think so and underlines this in the eighth of the 10 new facts that he has highlighted in Economic Survey 2018.

Economic Survey says private investment is poised for a rebound.

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Solanki further alleged that the MRI machine was functioning when Maru was called in, though the hospital flatly denied it. Efforts to revive Maru in Nair Hospital's trauma ward failed as he passed away due to excess inhalation of oxygen.


The decline in the inflation in the first half of the current fiscal year was indicative of a benign food inflation which ranged between (-) 2.1 to 1.5 per cent, the survey said. Economic Survey is likely to estimate FY19 growth at 7-7.5 percent.

Consequently, real GDP growth for 2017-18 will clock in at 6.75%. There are robust and broad-based signs of revival in economic activity.

The Economic Survey 2017-18 has brought out the sharp disparity among states on inter-state and global trade, with just five - Maharashtra, Gujarat, Karnataka, Tamil Nadu and Telangana - accounting for 70 per cent of India's total exports.

The survey highlights that against the emerging macroeconomic concerns, policy vigilance will be necessary in the coming year, especially if high global oil prices persist or elevated stock prices correct sharply, provoking a sudden stall? in capital flows.

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A week ago, the Taliban killed more than 20 people in an overnight siege on Kabul's Intercontinental Hotel. Monday was declared a holiday, as part of three days of mourning for the victims of the recent attacks.


Service growth for FY18 likely to be 8.3%. The Houses will reconvene on February 1.

This month, the government lowered its gross domestic growth forecast for the year ending March, 2018 to 6.5percent, the weakest pace in four years.

But the ministry also said that rising oil prices could have a "dampening effect" on GDP growth, given that India imports about 80% of its crude oil needs.

Economists and analysts on Monday said the government target to grow the nation's GDP at 7-7.5 per cent looked credible and unlike market speculation about a possible slippage on the fiscal front, things look pretty much under control. The major concerns are the surge in oil prices.

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