Economic survey projects 7pc India growth after faltering

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Economic survey projects 7pc India growth after faltering

A Correspondent Published July 5, 2019

Indian Finance Minister Nirmala Sitharaman tabled the Economic Survey 2018-19 in Parliament on Thursday which has projected a 7 percent GDP growth in fiscal 2019-2020, from a 6.8pc five-year low the previous year. — AFP/File

NEW DELHI: Indian Finance Minister Nirmala Sitharaman tabled the Economic Survey 2018-19 in Parliament on Thursday which has projected a 7 percent GDP growth in fiscal 2019-2020, from a 6.8pc five-year low the previous year.

The survey said India faces a challenge on the fiscal front following an economic slowdown impacting tax collections and rising state expenditure on the farm sector. Ms Sitharaman will present the budget on Friday.

However, the investment rate was expected to pick up with improved consumer demand and bank lending.

The real GDP growth projection reflects a recovery in the economy after a deceleration in the growth momentum in 2018-19.

Growth could pick up in the current fiscal as macroeconomic conditions continue to be stable while structural reforms initiated in the previous few years are continuing on course.

Published in Dawn, July 5th, 2019

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Kaju

Jul 05, 2019 09:08am

What is pakistan gdp growth

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Bhaijan

Jul 05, 2019 09:12am

Despite 7% growth and rich entrepreneurs, multinational investments, the size able population is below poverty line, the lack of food grain, water, and farmers unrests, suicides are examples.

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INDIAN LOVE

Jul 05, 2019 10:28am

Indian economy is 2.947 trillion dollar ( IMF report April 2019) with stable indian rupee 69=1$ . Pakistan economy if pakistani rupee devaluation taken 157=1$ then pakistan economy stand 234-246 billion Dollars. Mean indian economy is currently 11 times larger or Indian three states have larger economy than pakistan. India set target to be 5 trillion dollar economy by 2024 & near zero extreme poverty . Pakistan can join hand with India to achieve prosperity parallel with India's development.

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Sharafat Ali

Jul 05, 2019 10:47am

How does it effect us.

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Indian scientist

Jul 05, 2019 10:49am

Hope india becomes a 5 trillion dollar economy by 2024. This year india will be 3 trillion dollar economy.

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DesiDesi

Jul 05, 2019 11:23am

5 trillion Dollar Economy within Ten Years, with HUge Forex Reserve. And Imran khan says, talk to us if You want to Progress. what a joke.

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Dr.sahab

Jul 05, 2019 12:23pm

@Bhaijan, you are wrong dear 21 percent was poor in 2011 ..and sure this has declined in2019 There is no lack of grains or else... Only need is true leadership and corruptfree state

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Saif Zulfiqar

Jul 05, 2019 02:06pm

@INDIAN LOVE, Saudi Arabia is worth $35 trillions economy and there are millions Indians working in Saudi Arabia. Modi can not creat the jobs for Indians. He just promise them and fool them.

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Sana

Jul 05, 2019 02:55pm

@Dr.sahab, find true leadership for your failing country and focus on where to borrow from next don't worry about us we are doing just fine doctor

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M. Emad

Jul 05, 2019 03:37pm

2019 Bangladesh growth rate 8.25%.

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Rana Talukdar, Antarctica

Jul 05, 2019 03:48pm

@Bhaijan, INR1/ kg of food grain and 5kg/ per individual for poor people. Come to India if u r unable feed yourself.

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M. Emad

Jul 05, 2019 04:50pm

Economic survey projects 8-9pc Bangladesh growth in coming years.

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Dr.sahab

Jul 05, 2019 07:03pm

@Sana, i can say same words for you as well

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Rana

Jul 05, 2019 11:00pm

@Dr.sahab, India don't take loan from IMF and other countries to fill its budget.

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kamran

Jul 06, 2019 12:40am

despite above 7% growth over the last 10 years half of the populations are lack of food , water and basic life necessities.

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M. Emad

Jul 06, 2019 03:09am

Most Indian Submarines are of Russian makers.

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Skeptic

Jul 06, 2019 06:42am

@Saif Zulfiqar, well now that's hyperbole of hyperbole. Did u know that UDA is only 21 trillion dollar economy? Please understand differences between trillion and billion. There is a vast difference.

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Befitting Reply

Jul 06, 2019 10:21am

@Bhaijan, lack of food grain? You don't know what you are talking about. There are plenty of crops and India doesn't have enough reservoirs to keep it. The wastage is nearly equal to the one year consumption of UK.

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Befitting Reply

Jul 06, 2019 10:25am

@M. Emad, there will be more. Even from France and indigenous.

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Babu

Jul 06, 2019 12:26pm

Corruption free leadership of MODI will make it possible, we are confident. Steady 7% growth is ideal for long term perspective.

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sudhir

Jul 06, 2019 02:16pm

@Saif Zulfiqar, Saudi Arabia's economy is USD 780 bilion.