India’s Economic performance in 2016-17, in the backdrop of significant developments and disturbances in the global and domestic economic environment has moderated as highlighted in the Economic Survey.
Economic growth is however expected to revive in 2017-18 with the expected normalization in the economy as the cash crunch eases. This is indicative of the relative stability of the economy.
In terms of fiscal position, there has been an improvement in the government’s fiscal management in 2016-17 aided by the buoyancy in revenue collections.
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