Economy

Economic Survey 2020: The Latest

Updated : January 31, 2020 02:11 PM IST

The Economic Survey 2020 was tabled in the Parliament on Friday, a day ahead of the presentation of the Union Budget 2020. The survey has forecast India's GDP growth for the fiscal year 2020-21 in the range of 6 percent-6.5 percent and for FY20 at 5 percent.

The Indian economic growth is expected to pick up in the second half of FY20 and a strong rebound could be seen in FY21 on a low base, according to the document.

As we get the details from the Economic Survey, we bring to you the latest on the annual document:

1:32 pm - Separate entity would be managed by an independent board.

1:31 pm - Govt can transfer its stake in the listed CPSEs to a separate corporate entity.

1:16 pm - Govt steps, including infra pipeline, present green shoots for growth in FY21.

1:15 pm - Real consumption growth has recovered in Q2.

1:12 pm - Case for MPC to not respond to the transitory spike in CPI.

1:03 pm - Rise in core inflation in December suggests demand pressure is building.

1:02 pm - FY20 GDP growth seen at 5%.

1:01 pm - Industrial activity rebounding, showing signs of pick-up.

12:57 pm - Continued global trade tensions could hit India exports.

12:56 pm - Pace of GDP growth recovery to impact revenue collection.

12:54 pm - High non-tax revenue growth not sustainable year after year.

12:54 pm - Cut in capex by govt may adversely hurt growth.

12:53 pm - Strong rebound in growth expected in FY21 on low base.

12:53 pm - Growth resurgence expected to begin starting H2FY20.

12:53 pm - Improvement in tax mop-up hinges on GST revenue buoyancy.

12:52 pm - Low tax or GDP ratio constrains govt infra spends.

12:51 pm - Banks may remain risk-averse unless the IBC process speeds up.

12:51 pm - Private investments may get crowded on higher govt infra spends.

12:51 pm - Realty companies must cut home prices to clear unsold inventory.

12:51 pm - Greater home sales can clean up the bank, NBFC balance sheets.

12:50 pm - We need counter-cyclical fiscal steps to boost demand.

12:50 pm - India may need to relax the fiscal gap target for FY20 to revive growth.

12:50 pm - FY21 expected to pose challenges on the fiscal front.

12:40 pm - FY21 GDP growth seen at 6-6.5 percent.

12:49 pm - Finance Minister Nirmala Sitharaman tables the Economic Survey in the Parliament.

Economic Survey 2020: The Latest

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