Finance Minister Nirmala Sitharaman on Thursday, 4 July, tabled the Economic Survey for FY 2020 in the Rajya Sabha, projecting a growth rate of 7 percent.
The Economic Survey is the annual report of the Indian economy for the year gone by (2018-19).
Fiscal deficit of Central Government declined from 3.5 percent of GDP in 2017-18 to 3.4 percent in 2018-19.
Prepared by Chief Economic Adviser Krishnamurthy Subramanian, the Economic Survey comes amid Prime Minister Modi's recently announced goal of more than doubling the size of the economy to USD 5 trillion by 2024.
- It comes at a time when some critics said the Modi government in its first term delivered a jobless growth and needs reinventing to propel the economy and create jobs
- The Budget will be presented on 5 July by Finance Minister Nirmala Sitharaman
- The Lok Sabha will have 30 sittings and the Rajya Sabha 27 sittings between 17 June to 26 July
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