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Economic Survey likely to forecast India's FY21 growth at 6-6.5 %: report

The government has estimated gross domestic product expansion at 5% for the financial year ending on March 31, which would be the slowest pace since the global financial crisis of 2008/09

twitter-logo Reuters   New Delhi     Last Updated: January 31, 2020  | 10:23 IST
Economic Survey likely to forecast India's FY21 growth at 6-6.5 %: report
An economic survey by chief economic adviser Krishnamurthy Subramanian will be officially announced later in the day

India's economic survey is seen projecting growth of 6% to 6.5% in the next year starting April 1, boosted by a series of fiscal measures to revive demand that the government is likely to announce in the budget, a source said on Friday.

India faces its worst economic slowdown in a decade. Growth slipped to 4.5% in the July-September quarter, imperiling job prospects for millions of young people entering the workforce each year.

Also read: Economic Survey 2020 Live Updates: KV Subramanian to present report card on govt's economic policies today

The government has estimated gross domestic product expansion at 5% for the financial year ending on March 31, which would be the slowest pace since the global financial crisis of 2008/09.

An economic survey by chief economic adviser Krishnamurthy Subramanian will be officially announced later in the day and the government will present its budget on Saturday.

Also read: IITian Arvind Krishna appointed CEO of global tech giant IBM; 5 little known facts about him

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