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Economic Survey 2020 projects GDP growth at 6 - 6.5% in FY21

-The Indian Express

The Economic Survey 2020, prepared by Chief Economic Advisor Dr Krishnamurthy Subramanian, was tabled by Union Finance Minister Nirmala Sitharaman in Parliament Friday.

The Economic Survey 2020 projected an economic growth of 6 to 6.5 per cent in the fiscal year starting April 1. The survey, prepared by Chief Economic Advisor Dr Krishnamurthy Subramanian, was tabled by Union Finance Minister Nirmala Sitharaman in Parliament Friday.

The survey put current fiscal growth at 5 per cent. Subramanian has said the fiscal deficit target for the current fiscal may need to be relaxed to revive growth. Read in Bangla, Malayalam

“The deceleration in GDP growth can be understood within the framework of a slowing cycle of growth with the financial sector acting as a drag on the real sector,” the survey said.

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