Industry bodies, in their reaction to Economic Survey, said the Centre will have to keep a close vigil on inflation in the wake of burgeoning fuel prices. However, they observed that the Survey provides new ideas for building a positive momentum for growth in the coming year and for faster growth thereafter. Infrastructure and Logistics Federation of India president Sushil Jiwarajka told DNA that the picture painted in the Economic Survey is one of cautious optimism. CII director general Chandrajit Banerjee said the very encouraging big data analysis in the Economic Survey points to a healthy improvement in tax coverage and collection on the direct and indirect side. Assocham president Sandeep Jajodia observed that Survey has brought to fore the issue of bad assets of the PSU banks.

Source: dna January 30, 2018 00:56 UTC