Achieving the high end of the 6.75-7.5 per cent growth projected previously will be difficult due to appreciation of rupee, farm loan waivers and transitionary challenges from implementing GST, the Economic Survey said today. For the first time today, the government presented a second or a mid-year economic survey for the year 2017-18 highlighting the new factors that the economy faces since the last such exercise in February. It said the government and the RBI have taken "prominent steps" to address the twin balance sheet challenge which has boosted market confidence in the short run. The Survey said that the balance of risk to achieving the 6.75-7.5 per cent growth has shifted to the downside. Also Read:Demonetisation pulls down India's GDP growth to 7 per cent in Q3Why decline in GDP growth rate is good news for Indian economyALSO WATCH | This 11-year-old Dalit boy rips apart demonetisation like no other

Source: India Today August 11, 2017 08:11 UTC