The Economic Survey is realistic: India Inc

New Delhi: Terming the Economic Survey 2013-14 as a “realistic” assessment of the current picture, India Inc on Wednesday hoped that the Budget will address key issues like infrastructure development and implement measures outlined in the document to revive growth.

“The bold reform measures outlined in the Economic Survey need to be implemented on the ground to re-energise investment and revive demand in the economy. In fact, the various measures that find mention in the Survey raise expectations that the Budget would be a most progressive one,” CII president Ajay Shriram said.

Indian economy is likely to grow in the range of 5.4 to 5.9 per cent in 2014-15 overcoming the sub-5 per cent GDP growth of past two years, even as poor monsoon and disturbed external environment remain a cause for concern, says the Economic Survey.

“In our view, growth this year could be nearer the lower end of the band indicated in the Economic Survey. The outlook for agriculture is weak due to expected sub-par monsoon. In this context, managing food inflation becomes an even higher priority,” Ficci president Sidharth Birla said.