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Economic Survey: Growth rate at 7%

Nirmala Sitharaman places Economic Survey in Rajya Sabha

PTI New Delhi Published 04.07.19, 06:53 AM
Nirmala Sitharaman.

Nirmala Sitharaman. PTI file photo

The government on Thursday pegged the growth rate for the current fiscal at 7 per cent, marginally up from the five-year low of 6.8 per cent recorded in the previous fiscal.

According to the Economic Survey for 2018-19, tabled by finance minister Nirmala Sitharaman in the Rajya Sabha, 'real GDP growth for the year 2019-20 is projected at 7 per cent reflecting a recovery in the economy after a deceleration in the growth momentum throughout 2018-19.'

The fiscal deficit estimate for 2018-19 has been retained at 3.4 per cent of the GDP, same as projected in the interim Budget.

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