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Govt Tables Economic Survey in Parliament, Projects GDP at 7%

The Lok Sabha will have 30 sittings and the Rajya Sabha 27 sittings between 17 June to 26 July  

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Politics
10 min read
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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.

Snapshot
  • 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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Published: 01 Jul 2019, 11:27 AM IST
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