'India Too Has Felt Effect Of Global Slowdown,' Says Chief Economic Adviser

Finance Minister Nirmala Sitharaman tabled the Economic Survey for the financial year ending March 2020 in both houses of Parliament - the Lok Sabha and the Rajya Sabha - on Friday. Prepared by the Government of India's Chief Economic Advisor Krishnamurthy Subramanian and his team, the Economic Survey 2019-20 pegs economic growth between 6 per cent and 6.5 per cent in the financial year ending March 2021. The Economic Survey also states that real estate companies lower home prices to clear their unsold inventories. Krishnamurthy Subramanian along with his team will address a press conference at 1:45 pm in New Delhi. An Economic Survey is a comprehensive report card on the economy, through which the Government of India's Chief Economic Adviser shares his perspective on the economy, provides insights on government's plans, delineates policy challenges faced by the government and makes necessary suggestions.

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