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India’s economic growth in next fiscal year to be in range of 7-7.5 per cent: Niti Ayog vice-chairman Arvind Panagariya

Niti Aayog Vice-chairman Arvind Panagariya A Day Before The Presentation Of Union Budget 2017-18 Expressed Hope That Economic Growth In The Next Fiscal Year Would Be In The Range Of 7-7.5 Per Cent.

News Nation Bureau | Edited By : Hina Khan | Updated on: 31 Jan 2017, 10:33:44 PM

New Delhi:

Niti Aayog vice-chairman Arvind Panagariya a day before the presentation of Union Budget 2017-18 expressed hope that economic growth in the next fiscal year would be in the range of 7-7.5 per cent.

“By nature, I am an optimist, so I would remain on the higher side of it. So, if you feel that this range is too wide, personally, I would narrow it down to 7-7.5 per cent and maybe on the higher side of it with higher probability,” Panagariya told CNBC-TV18.

His statement comes just after the Economic Survey that came out today. The pre-budget economic survey pegged India's economic growth for 2017-18 in the range of 6.75-7.5 per cent.

The Survey's GDP growth figure for the current fiscal is lower than 7.1 per cent the Central Statistics Office had forecast earlier this month.

With PTI Inputs

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First Published : 31 Jan 2017, 10:22:00 PM