The government Thursday projected the country's GDP growth for 2019-20 at 7 percent, up from a five-year low of 6.8 percent, on the back of an anticipated pickup in investment and consumption.
Finance Minister Nirmala Sitharaman has tabled the Economic Survey in the Rajya Sabha. It will be tabled in the Lok Sabha at noon.
According to the Economic Survey 2018-19, tabled by Finance Minister Nirmala Sitharaman in Parliament, India continues to remain the fastest-growing major economy in the world in 2018-19, despite a slight moderation in its gross domestic product (GDP) growth from 7.2 percent in 2017-18 to 6.8 percent in 2018-19.
The Survey also states that 8 percent GDP growth is required for India to achieve the Prime Minister’s vision of a $5 trillion economy.