India's Economic Survey for 2012-13 has projected a 6.1-6.7 percent growth for the next fiscal after a deceleration to around 5 percent this year, with inflation seen falling slightly to 6.2-6.6 percent. (Read highlights of Economic Survey) Authored by chief economic advisor Raghuram Rajan, the report card on the state of the economy, with recommendations for the way forward, was tabled in Parliament by finance minister P Chidambaram on Wednesday, a day ahead of the Union Budget 2013-14.
An expert panel spoke to CNBC-TV18's Latha Venkatesh about its reading on the Economic Survey. The Panel comprised of: MK Venu, Managing Editor, The Financial Express Samiran Chakrabarty, Standard Chartered Bank Sajjid Chinoy, JPMorgan
MK Venu, Managing Editor, The Financial Express My sense is that this Economic Survey will definitely address some of the big issues which have been holding back growth. So in its main chapter of issues and priorities, it will devote considerable space to all the ways in which the government might propose to revive the investment cycle which has come to a halt as we all keep talking about. For complete interview, click here
Samiran Chakrabarty, Standard Chartered Bank I would expect a lot of discussion around current account deficit. It is becoming a structural issue for India. I also expect discussion on how to address this issue through fiscal measures.
Sajjid Chinoy, JPMorgan This is a year where we expect to carry on with more fiscal consolidation. People forget that the more fiscal consolidation we do, the more the drag is on near term growth even though it is desirable for the medium term. So Survey growth projection of 6.4 percent, though not impossible, seems a bit ambitious.