Nirmala Sitharaman tables Economic Survey 2019 projecting 7% GDP growth  

Arunima Bajaj  Thursday 4th of July 2019 04:56 PM
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New Delhi: Union finance minister Nirmala Sitharaman tabled the economic survey in Parliament, on Thursday, which projected gross domestic product growth at 7 per cent in the 2019-20 fiscal year from an estimated 6.8 per cent in the previous year.

According to the economic survey, investment rate has been seen picking up in FY20 on higher credit growth and improved demand. It has also been picking up higher private investment and robust consumption.

The survey added that lower global growth and increased uncertainty over trade tension may hit exports.

Sharing his views on the survey, Prime Minister Narendra Modi, in a tweet, said, “The Economic Survey 2019 outlines a vision to achieve a $5 trillion economy. It also depicts the gains from advancement in the social sector, adoption of technology and energy security.”

Meanwhile, chief economic adviser Krishnamurthy Subramanian, in a series of tweets, said, “#EcoSurvey2019 is inspired by Gandhiji's Talisman: ‘…Recall the face of the poorest man [woman], and ask yourself, if the step you contemplate is going to be of any use to him [her]. [Sic]’”




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