New Delhi, Feb 28 (ANI): Chief Economic Adviser at the finance ministry, Arvind Subramanian, on Friday (February 27) said that India was in a sweet spot to achieve sustainable double-digit growth and the country was a recovering economy. The Economic Survey, the basis for Jaitley's budget for the fiscal year starting April 1, forecast growth of 8.1 percent to 8.5 percent under new calculations that make India the world's most dynamic big economy. The forecast marks an acceleration from growth of 7.4 percent in the current fiscal year. Other indicators of India's economy are not as rosy as Gross Domestic Product (GDP) data suggests. Earnings of the country's top 100 companies shrank by 6 percent in the last quarter, private investment and consumer demand are weak and merchandise exports are falling.
