Economic Survey Projects 6-6.5% GDP Expansion In FY21

The Economic Survey 2019-20 projected India's economic growth at 6% to 6.5% in the next FY21, saying growth has bottomed out. This compares to a projected 5% expansion in 2019-20. The deceleration in GDP growth can be understood within the framework of a slowing cycle of growth with the financial sector acting as a drag on the real sector.

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