Economic Survey 2020 | Hybiz News

Real consumption growth has recovered in Q2 of 2019-20

Growth for ‘Agriculture and allied activities’ and ‘Public administration, defense, and other services’ in H1 of 2019-20 was higher

India’s external sector gained further stability in H1 of 2019-20

Current Account Deficit (CAD) narrowed to 1.5 % of GDP in H1 of 2019-20 from 2.1 % in 2018-19.

Inflation increased from 3.3 % in H1 of 2019-20 to 7.35 % in December 2019-20 due to temporary increase in food inflation.

Speeding up the insolvency resolution process under Insolvency and Bankruptcy Code (IBC).

5 % GDP growth for 2019-20 based on CSO’s first Advance Estimates.

Gross GST monthly collections have crossed the mark of Rs. 1 lakh crore for a total of five times during 2019-20

India’s BoP position improved from US$ 412.9 bn of forex reserves in end March, 2019 to US$ 433.7 bn in end September, 2019.

Current account deficit (CAD) narrowed from 2.1% in 2018-19 to 1.5% of GDP in H1 of 2019-20.

Foreign reserves stood at US$ 461.2 bn as on 10th January, 2020.

Global Trade is projected to recover to 2.9% in 2020 with recovery in global economic activity.

Top export items: Petroleum products, precious stones, drug formulations & biologicals, gold and other precious metals

Top import items: Crude petroleum, gold, petroleum products, coal, coke & briquettes.
#EconomicSurvey #EconomicSurvey2020 #Budget2020India


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