Survey rightly highlights the stress areas in economy: ASSOCHAM

  • | Friday | 11th August, 2017

MANGALURU: The Economic Survey - 2 presented to Parliament has done a correct assessment of the state of the economy, highlighting the stress in various sectors such as power, telecom even as deflationary impulses are due to subdued demand, said ASSOCHAM Secretary General D S Rawat The Survey has also rightly pin pointed the moderation in growth in the industrial output as also services, the key drivers of the economy. Both these sectors need some immediate steps like resolution of the bank NPAs and a pragmatic approach for the "twin balance sheet" problem.Reforms like disinvestment of Air India and emphasis on raising non-fare revenue for the Railways are welcome suggestions along with those relating to education and health.

MANGALURU: The Economic Survey - 2 presented to Parliament has done a correct assessment of the state of the economy, highlighting the stress in various sectors such as power, telecom even as deflationary impulses are due to subdued demand, said ASSOCHAM Secretary General D S Rawat The Survey has also rightly pin pointed the moderation in growth in the industrial output as also services, the key drivers of the economy. Both these sectors need some immediate steps like resolution of the bank NPAs and a pragmatic approach for the "twin balance sheet" problem.Reforms like disinvestment of Air India and emphasis on raising non-fare revenue for the Railways are welcome suggestions along with those relating to education and health.

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