Economic Survey 2019 key Highlights: Before Budget 2019, Finance Minister Nirmala Sitharaman introduced in Parliament, Economic Survey, Estimation of reduction in oil, GDP to be 7 percent in 2019-20, Know more important things

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Economic Survey 2019 key Highlights: Finance Minister Nirmala Sitharaman presented the Economic Survey on Thursday 4th July in Parliament. An Economic Survey Report prepared by Chief Economic Advisor KV Subramaniam, one day before Budget 2019, it has been estimated that the growth rate of India will be seen in the next 5 years.

 At the same time, the expected GDP of 7 percent in the year 2019-20 is also expressed. The Economic Survey Report estimates the reduction in oil prices this year. Learn the key points of the first economic survey report of the second term of the Narendra Modi government:

Economic Survey 2019 key Highlights: Finance Minister Nirmala Sitharaman presented the Economic Survey on Thursday 4th July in Parliament. The Economic Survey Report has been prepared by Chief Economic Advisor KV Subramaniam and his team. 

On Thursday morning, Finance Minister Nirmala Sitharaman presented the first Economic Survey Report of the first Rajya Sabha and then the second term of the Prime Minister Narendra Modi government in the Lok Sabha.

 In the economic survey, growth in 5 years, expected to be 7 percent of GDP in 2019-20, is expected to reduce oil prices in the coming time. The Economic Survey Report estimates the fiscal deficit to be 5.8 percent. Finance Minister Narendra Modi will present the first full budget of the second term of the government on Friday 5th July. Budget 2019 has great expectations for the general public.

Presenting the first economic survey report of the second term of the Narendra Modi government, Minister of Finance and Corporate Affairs Nirmala Sitharaman said that India’s growth rate will be witnessed during the year 2019-20 and the Indian economy can grow at the fastest pace of the world.

The economy will remain. The Finance Minister said that there is a possibility of global growth ie short term global growth.

The key points of the first Economic Survey Report of the second term of the Narendra Modi Government:

  1. In the Narendra Modi government, the rate of economic growth will increase during the year 2019-20, and India will have to achieve 8% growth every year to become an economy of 5 trillion dollars by the Physical year 2025.
  2. In the Narendra Modi government, the GDP is expected to be 7 percent during the year 2019-20. The Economic Survey Report says that the advantage of living in a central government is on the economic growth rate.
  3. In the economic growth rate, it has been specifically mentioned that in the financial year 2019, the general fiscal deficit was 5.8 percent. The general financial loss was 6.4 percent in the Physical year 2018.
  4. According to Economic Survey 2019, the reason for a recession in the financial year 2019 is a cash crunch in non-banking financial companies (NBFCs). Because of this, the economy has seen slowness.
  5. In the Economic Survey, Chief Economic Advisor KV Subrahmanyan has mentioned that increasing demand in the financial year 2019-20 will increase the investment rate. At the same time, he has also projected the fall in oil prices in this financial year, which is likely to reduce the prices of petroleum products in India.
  6. According to the Economic Survey Report 2019, the liberal policy of Monetary Policy Committee (MPC) has reduced the real lending rates (actual borrowing rates) and declining non-performing assets (NPAs) has led to an increase in CapEx cycles.

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