On Thursday, Nirmala Sitharaman tabled the 2019 Economic Survey in the Upper House of Parliament where she said they hoped for better growth in Financial Year 2019-20. According to the Economic Survey for 2018-19, tabled by Finance Minister Nirmala Sitharaman in the Rajya Sabha, "real GDP growth for the year 2019-20 is projected at 7 per cent reflecting a recovery in the economy after a deceleration in the growth momentum throughout 2018-19." The fiscal deficit estimate for 2018-19 has been retained at 3.4 per cent of the GDP, same as projected in the interim Budget. Noting that the average GDP growth over the last five years had been 7.5%, it stated that India would need to maintain a GDP growth of 8% till Financial Year 2025. #WATCH Krishnamurthy Subramanian, Chief Economic Adviser (CEA) on Economic Survey: Our team has put in a lot of effort with a lot of dedication, I hope results are good and we are able to contribute to the ideas for the economy.

Source: dna July 04, 2019 06:23 UTC