India's GDP growth will be 7% for 2019-20: Economic Survey

India's GDP growth will be 7% for 2019-20: Economic Survey

India's GDP growth will be 7% for 2019-20: Economic Survey

The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman tabled the Economic Survey 2018-19 in Parliament today, projected GDP (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.

Economic Survey 2018-19 estimates the fiscal deficit to be 5.8%. Significantly, Sitharaman will present the first budget of the second term of the Modi government on Friday.