Economic Survey tabled in Lok Sabha, GDP growth estimated at 5.4% to 5.9%

Finance Minister Arun Jaitley has tabled the Economic Survey 2013-14 in the Lok Sabha this morning. The GDP growth for the year 2014-15 is estimated to be between 5.4% to 5.9%. The GDP growth could be on the lower side, as per projections. Inflation, international conditions, lesser monsoon due to El Nino will reduce the growth, says the survey. The inflation is limiting the scope for RBI to cut rates, said the FM. A common market for agricultural commodities is mooted.

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