October 10, 2017

Govt expects economic revival by early 2018

Principal economic advisor, Sanjeev Sanyal, said that the government had expected “some degree” of downturn in the economy post reforms like demonetisation and GST and that the government expects a recovery early next year.

“We did expect some degree of downturn,” said Sanyal adding “when you are dealing with so many unprecedented measures, you have to expect unintended consequences”.

“We acknowledge the slowdown… (But) you need to see this in a wider context. Very major reforms have been rolled out very-very quickly,” he said.

Talking to Moneycontrol, he said, “Government expects the economy to recover by early next year”.

Read more at http://www.moneycontrol.com/news/business/economy/govt-expects-economic-revival-by-early-2018-says-sanjeev-sanyal-2407059.html

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