https://www.taxtmi.com/news?id=907 The Survey links short term growth to global demand and domestic policy action, noting possible recovery if external conditions improve but risk of moderated growth if the downturn persists. It records a fall in private consumption due to wealth effects, labour uncertainty, credit contraction and precautionary saving, alongside resilient investment. The Government's fiscal expansion raised the fiscal deficit, prompting emphasis on fiscal consolidation to return to the FRBM target, supported by tax recovery and GST prospects, while monetary conditions and energy pricing reform remain key policy levers. en-us Thu, 02 Jul 2009 17:40:06 +0530 Thu, 02 Jul 2009 17:40:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=907 The Survey links short term growth to global demand and domestic policy action, noting possible recovery if external conditions improve but risk of moderated growth if the downturn persists. It records a fall in private consumption due to wealth effects, labour uncertainty, credit contraction and precautionary saving, alongside resilient investment. The Government's fiscal expansion raised the fiscal deficit, prompting emphasis on fiscal consolidation to return to the FRBM target, supported by tax recovery and GST prospects, while monetary conditions and energy pricing reform remain key policy levers. News - Thu, 02 Jul 2009 17:40:06 +0530 https://www.taxtmi.com/news?id=907