Ahead of the Budget, Chief Economic Adviser Arvind Subramanian talks to NDTV's Prannoy Roy to decode the Economic Survey. The Economic Survey, which sets the scene for Finance Minister Arun Jaitley's fourth annual budget on Wednesday, was prepared by Mr Subramanian, who said that the economy should grow between 6.75 per cent and 7.5 per cent in the financial year beginning on April 1. The Economic Survey also said the implementation of wage hikes and muted tax receipts would put pressure on the fiscal deficit in 2017/18. The survey also describes Universal Basic Income, a form of social security in which everyone is allotted a basic allowance, as "a powerful idea" but one that's "not ready for implementation."
