Economic growth likely to get a boost of 0.7 percentage points in FY20

According to advance estimates, the economy is projected to grow by 5% in the current fiscal year, which would be an 11-year low

Economic growth would get a boost of a whopping 0.7 percentage points in the current fiscal year as the government revised downwards its gross domestic product (GDP) expansion sharply from 6.8 per cent to 6.1 per cent for 2018-19.

According to advance estimates, the economy is projected to grow by five per cent in the current fiscal year, which would be an 11-year low. After the growth was revised for the previous year, this growth would now be 5.7 per cent, which would be a seven-year low.

Aditi Nayar, principal economist at ICRA, said the economy would also get a boost from