Economic Survey 2019-20 in PICs

As the Budget Session of Parliament commences on Friday, Union Finance Minister Nirmala Sitharaman tables the Economic Survey 2019-20.

UPTICK IN GDP GROWTH EXPECTED IN SECOND HALF OF 2019-20; FIRST ADVANCE ESTIMATES PEG GROWTH FOR OVERALL FISCAL AT 5 PER CENT
GDP GROWTH IS EXPECT. SHARE OF FORMAL EMPLOYMENT INCREASES FROM 17.9 PER CENT IN 2011 -12 TO 22.8 PER CENT IN 2017-18 REFLECTING FORMALIZATION IN THE ECONOMYED TO GROW IN THE RANGE OF 6.0 TO 6.5 PER CENT IN 2020-21, SURVEY ASKS GOVERNMENT TO DELIVER EXPEDITIOUSLY ON REFORMS
AGRICULTURAL GROWTH SHOWS MODEST REVIVAL IN FIRST HALF OF 2019-20
INFLATION DECLINES SHARPLY FROM 3.2 PER CENT IN APRIL 2019 TO 2.6 PER CENT IN DECEMBER 2019, REFLECTING WEAKENING OF DEMAND PRESSURE IN THE ECONOMY
EASING OF CRUDE PRICES LOWERS CURRENT ACCOUNT DEFICIT; IMPORTS CONTRACT MORE SHARPLY THAN EXPORTS IN 1ST HALF OF 2019-20