Finance minister Nirmala Sitharaman tables Economic Survey in Parliament
Finance Minister Nirmala Sitharaman
The Economic Survey was tabled in Rajya Sabha today with the Union Budget to be presented in Parliament on Friday.
The survey is an outlook of developments in the economy that is presented a day before the Union Budget.
Reuters sources say the survey predicts 2019-20 GDP growth seen picking up on higher private investment and robust consumption.
According to Reuters sources, slow growth, GST, farm schemes will pose challenges on the fiscal front.
Economic Survey says rural wage growth that had bottomed out, started to rise since mid-2018, sources say.
Reuters sources added that Economic Survey says government policies expected to further lift restrictions on FDI inflows.
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The survey contains a summary of the performance on major development programmes, as well as the policy initiatives of the government and the prospects of the economy.
The Modi government will present its first full-fledged Budget on Friday which will be tabled byfinance minister Nirmala Sitharaman.