The Economic Survey has been presented in both the houses of the Parliament by Sitharaman. The country's economic growth or GDP has been projected at 7% for FY20 on the stable macroeconomic outlook.
In the January-March period, the slowdown witnessed is primarily attributed to uncertainty due to the election outcome.
The recent accommodative policy adopted by the government will enable in keeping interest rates and hence the lending rates lower.
General fiscal deficit is estimated at 5.8 % in FY19 as against 6.4 percent in FY18.