Economic survey likely to peg India's FY21 growth at 6-6.5%: Report

India faces its worst economic slowdown in a decade. Growth slipped to 4.5 per cent in the July-September quarter

gdp
Reuters New Delhi
1 min read Last Updated : Jan 31 2020 | 9:57 AM IST
India's economic survey is seen projecting growth of 6 to 6.5 per cent in the next year starting April 1, boosted by a series of fiscal measures to revive demand that the government is likely to announce in the budget, a source said on Friday.

India faces its worst economic slowdown in a decade. Growth slipped to 4.5 per cent in the July-September quarter, imperilling job prospects for millions of young people entering the workforce each year.

The government has estimated gross domestic product expansion at 5 per cent for the financial year ending on March 31, which would be the slowest pace since the global financial crisis of 2008/09.

An economic survey by chief economic adviser Krishnamurthy Subramanian will be officially announced later in the day and the government will present its budget on Saturday.

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Topics :Economic SurveyGDP growthCEA Krishnamurthy Subramanian

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