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Economic Survey paints cautious, but optimistic economic outlook: Analysts

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SummaryEconomic Survey suggests govt will present a prudent Budget, analysts say.

this fiscal, the lowest in a decade, before improving to 6.1-6.7 per cent in FY14.

One reason for this low decadal growth, Pant said, is driven by the lowest growth in Government consumption since FY07 in the current fiscal at 4.1 per cent, which is evident form the large cash balance of the Government and this will help in tying fiscal deficit to 5.3 per cent of GDP.

Lauding the survey for suggesting curbs on subsidies, especially that of oil, Pant said he expects more measures in the tomorrow's Union Budget on this front.

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