The Survey forecast appears to be on a higher side, which could be aspirational and depends on the Budget proposals.
According to advance estimates, the economy is projected to grow by 5% in the current fiscal year, which would be an 11-year low
A 10% hike in new firm creation increases district-level GDP growth by 1.8%
There have been similar criticisms of the methodology by other experts as well
Based on NSO's first advance estimates of GDP growth for 2019-20 at 5 per cent, an uptick in GDP growth is expected in the second half of the fiscal, it said.
Fiscal targets may have to be relaxed for the current year
Investments suffered as companies were keen on repaying debt rather than taking fresh loans to add to capacity
It is for the second consecutive time that NSO's GDP estimate is significantly lower than the projection made in the survey prepared by the finance ministry
The overarching theme of the Economic Survey 2019-20 is creation of wealth over time and the implementation of policies that act as enablers in creation of this wealth
Archis Mohan, Political Editor, Business Standard joins the podcast to answer questions about politics and Budget 2020
India faces its worst economic slowdown in a decade. Growth slipped to 4.5 per cent in the July-September quarter
Banks had grown their retail books in a big way in recent times given the lacklustre demand for corporate credit
Revenue projections may be realistic this time
Kristalina Georgieva said a growth rate of 3.3 per cent is not fantastic for the world economy
In the present scenario achieving a nine per cent GDP growth will be difficult, he said at the Tata Steel Kolkata Literary Meet here
The slowdown seen last year comes as President Moon Jae-in's administration boosts fiscal spending and as the Bank of Korea mulls further stimulus to shield the economy from the global slowdown
According to Nielsen's estimates, India's Rs 4 trillion FMCG market is expected to grow by 10% in calendar year 2020 (CY20)
The recovery in growth for the fast moving consumer goods (FMCG) sector will begin playing out from March-April 2020 riding on a jump in farm incomes, Crisil Ratings said in its report
In the past two years, GDP growth in India is down nearly 220 basis points (bps, or bips), against growth deceleration of 85 bips in EMs
"This year, there will be a realistic assessment of the nominal GDP," said a source.