CommentsFriday seemed to be a field day for Dr Krishnamurthy V Subramanian, the Chief Economic Adviser, who's team worked on tabling the Economic Survey.
Releasing a lavender-color manuscript (inspired by the new Rs 100 notes) Dr Subramanian, who shares a similar last-name with that of his predecessor (Arvind Subramanian), revealed the status of growth in the country in a press conference. That after, Finance Minister Nirmala Sitharaman tabled the economic survey in Parliament.
For starters, the theme for the 2020 Economic Survey published in two volumes was Wealth Creation. The study broadly categorizes several factors needed for growth.
Speaking of growth, the CEA's team pegged a moderate rate of growth for the country. Finance Minister Nirmala Sitharaman while tabling the economic survey in Parliament said that India's GDP growth for 2019-20 would be recorded at 5 percent, suggesting an uptick in GDP growth in second half of 2019-20. For fiscal year 2020-21, GDP Growth has been estimated in a range of 6.0 to 6.5 Percent. One may want to counter those confident numbers with IMF's latest slash.
The day however was as much for economy as it was for other stuff. And the Economic Survey gave all a moment a cheer to - from Cheaper Thali to Thirukural, Bollywood movies and all that made the news plus a snapshot on economics- here are the most important take-aways from the Economic Survey.
Image: Sify & PIB
Text: Sify.com
