Economic Survey for 2013-14 has projected a 6.1-6.7 per cent growth for the next fiscal, suggesting that the economic slowdown may have bottomed out. Indian economy is likely to growth around 5 per cent this year.
The survey also sees the inflation falling to 6.2-6.6 per cent in FY14.
The Economic Survey, which has been authored by Chief Economic Advisor Raghuram Rajan, was tabled in Parliament by Finance Minister P. Chidambaram on Wednesday, a day ahead of the presentation of the
Union Budget for 2013-14.
The survey called for more steps to accelerate reforms to boost economic growth. "The slowdown is a wake-up call for increasing the pace of actions and reforms," said the survey.
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