Economic Survey 2016: FY17 will be more challenging, says KPMG's Jaijit Bhattacharya

NEW DELHI: The coming financial year will be more challenging as advantage from low commodity prices will slowly diminish, without corresponding upswing in global demand, said Jaijit Bhattacharya, Partner – Infrastructure and Government Services, KPMG India.

Bhattacharya mentioned that Economic Survey 2016 depicts a reasonably comfortable macro-economic situation and confirms that ability of the Government to stick to the fiscal deficit targets.

One may be staring at a larger current account deficit in the coming year unless India is able to significantly increase exports,however, Economic Survey confirms the long term growth prospects of India to be in the range of 8-10 per cent, said Bhattacharya.