Union Budget 2019: Key takeaways from Economic Survey 2019

Ahead of Union Budget 2019, Finance Minister Nirmala Sitharaman on Thursday tabled an economic survey in Parliament, projecting the state of health of the country's economy and outlining the challenges. According to the survey, India’s Gross Domestic Product (GDP) is projected to clock 7 per cent growth rate in the financial year 2019-20. The GDP growth projection is higher than 6.8 per cent growth rate in the financial year ended on March 31. The economic survey pegged fiscal deficit for 2018-19 at 5.8 per cent, up from revised budget estimate of 3.4 per cent.