Economic Survey 2019 is candid about economy realities, say experts

India predicted on Thursday that economic growth in the current fiscal year could rise to 7% from 6.8% for the year that ended March 31, which was the slowest pace in five years.

The government’s economic survey, presented to parliament on Thursday, said India will face a challenge on the fiscal front following an economic slowdown impacting tax collections amid rising state expenditure on the farm sector.

The projection comes a day before the government is due to unveil its budget for the 2019/20 year.

COMMENTARY
 

JOSEPH THOMAS, HEAD RESEARCH, EMKAY WEALTH MANAGEMENT, MUMBAI

“The document is candid about the economy realities, the GDP