It sees India’s debt burden stabilising around 80% of the GDP, which is still higher than similarly-rated countries.
India currently has per capita income of USD 2,000 and is categorised as a lower middle-income country.
According to Ahluwalia, "those who think India's growth projections in the near future are 7 - 7.5 per cent should recognise that the country cannot maintain that pace for such a long time."
Gross state domestic product records growth of 17.65%; consistent revenue supply seen
The CM greatly appreciated the contribution of employees in scripting the growth story of the state which was formed eight years ago.
Income growth of individuals is pegged at 8.3 per cent in the current fiscal, down from 9.7 per cent last year.