date:Jul 10, 2014
n needs to be moderated further. The fiscal deficit needs downward correction over the next two years, the former corporate lawyer and career politician said.
An annual exercise, the Economic Survey is drawn up by finance ministry advisers and delivered the day before the federal budget. Seen as a blueprint for the government's medium-term economic planning, the report forecast GDP growth of between 5.4 and 5.9 percent in 2014/15. It warned that weak monsoon rains, which are essential for farm