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Survey rides high on hope

Unfazed at having gone badly wrong in its rosy projections last year, the new Economic Survey once again predicts sunny days ahead. It projects GDP growth accelerating to 7.6% and 8.6% in the next two years, along with falling inflation and fiscal consolidation. However, the BSE Sensex on Thursday fell 243 points, showing the government's credibility remains a problem. Cynical market analysts do not believe that the many sensible economic reforms suggested in the Survey will be implemented.

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