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Economic Survey Hints At Relaxing Fiscal Deficit Target To Revive Growth

Economic Survey Hints At Relaxing Fiscal Deficit Target To Revive Growth

Saturday, February 1, 2020, 8:03 AM

The Economic-Survey 2019-20 warns against a widening fiscal deficit, stating that government may need to relax its target for the current-financial-year to revive growth. The Economic-Survey, tabled in parliament a day before the Budget, however pegs economic-growth at 5% in the current financial-year lower than its estimate of 7% last year and then projects it to pick up to 6-6.5% in the next financial-year.
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