The Economic Survey on Thursday projected real gross domestic product (GDP) for 2019-20 to be 7 per cent on stable macroeconomic conditions but said prospects of export growth remain week.
Tabling the survey document in the Rajya Sabha, Finance Minister Nirmala Sitharaman said accommodative monetary policy is required to help cut real lending rates.
The investment rate seems to have bottomed out. The decline in non-performing assets should push up the capital expenditure cycle.
The government has been on a path of fiscal consolidation and discipline. At the same time, oil prices are expected to decline in 2019-20, said the Economic Survey for 2018-19.
The general fiscal deficit was seen at 5.8 per cent in FY19 against 6.4 per cent in FY18. The January to March slowdown was partly due to election-related uncertainty.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app