In an interview with CNBC-TV18's Shereen Bhan,Commerce Secretary Rahul Khullar, Godrej Industries Chairman Adi Godrej and Deloitte's Principal Economist Shanto Ghosh, speak about the economic survey and their expectations from the budget.
Finance Minister Pranab Mukherjee yesterday tabled the economic survey for the fiscal year 2011-2012 in Parliament.
The survey is optimistic on growth with a forecast of 8.75% to 9.25% growth in FY12. The survey projects the FY11 fiscal deficit at 4.8% on a higher GDP base. However, inflation continues to be the key concern for the nation. The survey warned inflation to be at elevated levels due to the West Asia crisis and demand pressures.