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Mid-year economic survey News
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Industry bodies CII, FICCI and Assocham also hailed steps taken by the government to resolve the "twin balance sheet" problem.
The Economic Survey Volume 2, authored by Chief economic Advisor Arvind Subramanian, however, decried excluding health and education from the purview of GST and lamented a "low" 3 percent tax on gold and jewellery saying these items are consumed by the "very rich".
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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.
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There are downside risks to the Indian government`s growth forecast of 6.75-7.5 percent for the fiscal year to March 2018.
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