Economic Survey Likely To Forecast 2020-21 GDP Growth At 6-6.5%: Report

The Economic Survey is seen projecting growth of 6 per cent to 6.5 per cent 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 per cent 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 per cent for the financial year ending on March 31, which would be the slowest pace since the global financial crisis of 2008-09.

An Economic Survey by Chief Economic Adviser Krishnamurthy Subramanian will be officially announced later in the day and the government will present its Union Budget on Saturday.