Economic Survey 2020 Says Growth Has Bottomed Out - News Summed Up

Economic Survey 2020 Says Growth Has Bottomed Out


Hindustan Times via Getty Images File image of Union Minister of Finance Nirmala Sitharaman and MoS Finance Anurag Thakur. NEW DELHI — The Economic Survey on Friday projected India’s economic growth at 6-6.5% in the next financial year starting April 1, saying growth has bottomed out. The growth in 2020-21 compares to a projected 5% expansion in 2019-20. Weak global growth impacting India as well as investment slowdown due to financial sector issues had led to growth dropping to a decade low in current fiscal, it said, adding 5% growth projected for 2019-20 is the lowest it could fall for now. The pre-Budget Survey said for wealth to be distributed, it first has to be created and called for looking at wealth creators with respect.


Source: Huffington Post January 31, 2020 07:30 UTC



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