Economic Survey 2019-20 has projected economic growth at 6 to 6.5 per cent in the next fiscal. It calls for more reforms for making it easier to do business in the country. The Survey, tabled by Finance Minister Nirmala Sitharaman in Parliament yesterday, emphasises on entrepreneurship and Wealth Creation at the Grassroots. It has suggested that industrial sector performance is a key to achieve the target of a five trillion dollar economy.
Briefing reporters on Economic Survey in New Delhi yesterday, Chief Economic Advisor Krishnamurthy Subramanian said, the survey has given emphasis on wealth creation. He said, Economic Survey suggests that India’s aspiration of becoming a five trillion dollar economy depends on strengthening the invisible hand of the market.
Mr. Subramanian said, India has been a dominant economy for three-quarters of recorded economic history and such dominance happens by giving emphasis on wealth creation.
Prime Minister Narendra Modi said in a tweet, that the survey outlines a multi-faceted strategy to achieve a five trillion dollar economy through enterprise, exports, ease of doing business and more.
The Economic survey is a flagship annual document of the Finance Ministry which reviews developments in the Indian economy.