Thursday 30 January 2020

Budget session 2020 LIVE: Economic survey may forecast GDP at 6%-6.5%

Economic Survey. Photo: Shutterstock
The BudgetSession of Parliament will start today with the government releasing the Economic Survey for 2019-20, a day before Finance Minister Nirmala Sitharaman presents the Union Budget.
The Economic Survey, a detailed report card on the economic performance in the past year, comes at a time when India is staring at an estimated 5 per cent annual rate of expansion - the slowest pace since 2009. Chief Economic Advisor Krishnamurthy Subramanian will be presenting the survey.
President Ram Nath Kovind will inaugurate the Budget session by speaking to a joint sitting of both Houses of Parliament at 11 am, outlining the government's policies this year.
ALSO READ: Budget 2020: Six major concerns that FM Sitharaman should address on Feb 1
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09:52 AM
Economic survey likely to forecast 2020/21 growth at 6%-6.5%: Report
India's economic survey is seen projecting growth of 6% to 6.5% in the next year starting April 1, boosted by a series of fiscal measures to revive demand that the government is likely to announce in the budget, a source said on Friday.

India faces its worst economic slowdown in a decade. Growth slipped to 4.5% in the July-September quarter, imperilling job prospects for millions of young people entering the workforce each year.

The government has estimated gross domestic product expansion at 5% for the financial year ending on March 31, which would be the slowest pace since the global financial crisis of 2008/09.
09:11 AM
The Economy Survey continues to be a two-volume report since five years ago, since Arvind Subramanian was the chief economic advisor (CEA).

This time, incumbent CEA Krishnamurthy Subramanian will lead the writing of the first volume, which will continue to be idea-centric and forward-looking. First volume will also likely include a chapter focusing on the regulatory framework for credit rating agencies (CRAs), which are jointly regulated by the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) at present.
09:11 AM
The Budget session of Parliament will be held from February 1 till April 3
The Budget session of Parliament will be held from February 1 till April 3. During this period, the Budget will be presented before the Parliament for deliberation, voting and approval; the departmentally related standing committees consider the Demands for Grants of ministries/departments and report on the same to the Houses of Parliament.
08:08 AM
CEA Krishnamurthy Subramanian will be presenting the Economic Survey
The Chief Economic Advisor is the principal author of the Economic Survey and incumbent CEA Krishnamurthy Subramanian will be presenting the Survey.
08:07 AM
Economic Survey 2020 to be released today
The government will release the Economic Survey for 2019-20 on Friday, a day before Finance Minister Nirmala Sitharaman presents the Union Budget 2020-21
08:07 AM
What is Economic Survey?
The The Economic Survey analyses the trends in agricultural and industrial production, infrastructure, employment, money supply, prices, imports, exports, foreign exchange reserves and other relevant economic factors that have a bearing on the Budget. It is presented in the Parliament ahead of the Budget for the ensuing year.

Read our full coverage on Budget 2020
READ MORE ONECONOMIC SURVEYCHIEF ECONOMIC ADVISORCEA KRISHNAMURTHY SUBRAMANIANNIRMALA SITHARAMANBUDGET PRESENTATIONBUDGET 2020

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