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