This is the first time when the review has been presented twice a year as the budget was introduced earlier this year. This is the second economic review report for the year 2016-17. In the review, the emphasis is on the reduction interest rates, as the pace of economic growth has increased.In economic review Increasing in rupee currency rate, agricultural loan waiver, balance sheet related problems of companies and banks, increasing the challenge of debt collection in power sector, the initial challenges in implementing GST have been described as the challenge in a review.The report prepared by Arvind Subramanyam, Chief Financial Advisor, Ministry of Finance, has said that agricultural debt waiver can reduce the economic demand of 0.7 percent of domestic product (GDP).The review estimates that the states can spend up to Rs 2.7 lakh crore on agricultural schemes. It said that inflation is expected to remain below the target of 4%. In the fiscal deficit, it is estimated that in 2017-18, G.D. P. at 3.2%, compared to 3.5% in the Previous Year.
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