New Delhi: India first full-time Woman Finance Minister Nirmala Sitharaman tabled Economic Survey prior one day of Budget in the Rajya Sabha.
The Economic Survey report 2018-19 has projected India FY20 economic growth rate at 7%. The Economic Survey showed the health of the Indian economy and projected India economic growth for the fiscal year 2019-20. All eyes were on Budget 2019 and Economic Survey 2019 after recent data released by the government showed a bend in GDP growth rate and a high rate of unemployment in the country.
The Economic Survey revealed signs of India economic revival and challenges ahead. It showcased the health of various indicators like jobs, farm sector, manufacturing, services, education, etc.
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The Economic Survey is an important event right before the Union Budget 2019. An annual financial document, the Economic Survey generally analyses everything that happened with the country economy in the last financial year.
It summarizes the country economic health, performance on govt key programs, and points to the prospects of the economy. The detailed statistical data that encompasses macro and sectoral aspects give economists a deep-dive into the state of the Indian economy.