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India economy to expand by 8.1-8.5% in 2015: survey

New Delhi

INDIA can increase investment to drive economic growth without borrowing more, a key government report said on Friday, in an indication that finance minister Arun Jaitley will stick to debt targets in his maiden full-year budget on Saturday.

The Economic Survey, the basis for Mr Jaitley's budget for the fiscal year starting on April 1, forecast the economy would grow by 8.1-8.5 per cent under a new calculation method that makes India the world's fastest-growing big economy. The forecasts...

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