Real GDP Growth Projected At 7% For 2019-20 In Rebound From 5-Year Low | Read

GDP or gross domestic product growth is projected at 7 per cent in financial year 2019-20, according to the Economic Survey, tabled in Parliament by Finance Minister Nirmala Sitharaman on Thursday. The projection is higher than a growth rate of 6.8 per cent - the lowest in five years - clocked by the economy for the year ended March 31. If the projection comes true, it could help India regain the status of world's fastest-growing major economy by overtaking China. Prepared by Chief Economic Adviser Krishnamurthy Subramanian, today's Economic Survey is the first by the re-elected Narendra Modi government. The release of Economic Survey 2018-19 comes a day ahead of the presentation of Union Budget in Parliament.