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Economic Survey 2017: Industrial growth seen slowing to 5.2% in FY17

A decline in the industrial sector’s growth to 5.2% in the current fiscal year from 7.4% in the last is predicted. The sector comprises job-creating industries such as mining, manufacturing, electricity and construction. demonetisation. Last year’s railway budget had projected a rise of 50 million tonnes in the national carrier’s freight traffic. Chief economic adviser Arvind Subramanian says the NDA government has been focusing on schemes such as ‘Make in India,’ ‘Invest India’ and ‘Startup India’ to boost job creation. 

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