PMEAC to submit economic review only to Prime Minister
Surabhi: New Delhi, Feb 22 2013, 00:47 IST
the Prime Ministers’ Office, even though the panel led by former RBI governor has forecast the economy will expand at 5.5 to 5.7 per cent in the current fiscal, much closer to the finance ministry’s estimates.
However, apart from its estimates on GDP growth for the fiscal, the review also red flags the international scenario and growth, fiscal deficit and inflation projections for the next financial year. These could take away quite a bit from the annual Economic Survey, to be presented a day ahead of the Budget. The PMEAC had in August 2012 forecast a 6.7 per cent GDP growth rate.
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