The economic survey was tabled today by finance minister Arun Jaitley. Elaborating on the economic indicators, chief economic advisor Arvind Subramanian said that India’s trade-GDP ratio was now greater than China’s.
What’s interesting is that the economic survey has challenged the rating agencies who have upgraded China, while India’s credit rating has remained unchanged. While the government is calling the robust growth forecast of 7.1% a result of Modinomics, the opposition has called it a farce.
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