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Economic Survey: 7% GDP Growth, Oil Prices Drop!
By: Tupaki Desk | 4 July 2019 10:46 AM GMT
Finance Minister Nirmala Sitaraman tabled the Economic Survey in Parliament on Thursday. GDP Growth of 7 percent is projected in the financial year 2019-20 as against 6.8 percent in the previous year.
Global Oil Prices are expected to decline in the financial year 2019-20.
Exports will be affected due to lower Global Growth and uncertainty over trade tension.
General Fiscal deficit is estimated to be 5.8% for the financial year 2018-19 as against 6.4% in the fiscal 2017-18.
Production of Food Grains is expected to be 283.4 million tonnes in 2019-20.
Imports to record a growth of 15.4 percent & Exports could grow at 12.5% in 2019-20.
India will have to maintain a GDP Growth Rate of 8 percent to become a $5 trillion economy by 2025.
Global Oil Prices are expected to decline in the financial year 2019-20.
Exports will be affected due to lower Global Growth and uncertainty over trade tension.
General Fiscal deficit is estimated to be 5.8% for the financial year 2018-19 as against 6.4% in the fiscal 2017-18.
Production of Food Grains is expected to be 283.4 million tonnes in 2019-20.
Imports to record a growth of 15.4 percent & Exports could grow at 12.5% in 2019-20.
India will have to maintain a GDP Growth Rate of 8 percent to become a $5 trillion economy by 2025.
