Chief Economic Advisor Arvind Subramanian on Thursday said the commentary on the Mid-Year Economic Analysis 2015-16 has only focussed on the challenges while missing out on key successes of the government.
“Improvement in quality of spending toward capital and agriculture; fiscal consolidation at central and state levels; improvement in indirect tax efficiency; despite declining global demand and four droughts, fastest growing economy,” he tweeted as four major achievements of the government.
The Analysis, which was tabled in Parliament last month, had scaled down the GDP growth forecast to between 7 per cent and 7.5 per cent in 2015-16 from the earlier estimate of 8 per cent to 8.5 per cent.