Investment rate should pick up in FY20 on higher credit growth and improved demand, the Survey, projecting the state of the economy and outlining the challenges facing it, is believed to have said
The Economic Survey for 2018-19, tabled in Parliament on Thursday, is said to have estimated the gross domestic product (GDP) growth for 2019-20 at 7 percent, mainly on a stable macroeconomic situation in the country. Television reports say that the Survey has attributed an economic slowdown in the January-March quarter partly to election-related uncertainty.
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Investment rate should pick up in FY20 on higher credit growth and improved demand, the Survey, projecting the state of the economy and outlining the challenges facing it, is believed to have said. A decline in the banking sector’s non-performing assets (NPAs) should help push the capital expenditure cycle, making case for an accommodative monetary policy to help cut real lending rates, according to TV reports citing the Economic Survey authored by Chief Economic Advisor Krishnamurthy Subramanian
Economic Survey 2019 sees lower global growth and increased uncertainty over trade tensions affecting India’s exports, and lower global oil prices boosting consumption, Reuters said citing sources. The Survey is also believed to have estimated that India will need to grow at 8 percent annually to become a $5-trillion economy by FY25.
The Economic Survey of India 2018 was tabled in the Parliament on 29th January 2018 by Finance minister Arun Jaitley. Economic Survey is a document which is presented in the Parliament prior to the Budget every year.
The document outlines major economic indicators, flagship programs, happenings, challenges and policies of the previous 12 months; it also communicates future economic indicators and much more. The Economic Survey of India 2018, prepared by Arvind Subramanian the Chief Economic Adviser to the Government of India had bright pink cover to send the message of empowerment of women.