The Economic Survey on Friday projected India's economic growth at 6 per cent to 6.5 per cent in the n✤ext financial 💎year starting April 1, saying growth has bottomed out.
The growth in 2020-21 compares ♌to a projected 5 per cent expansion in 2019-20.
Weak global growth impacting India as well as investment slowdown due to financial sector issues had led to growth dropping to a decade low in current fiscal, it said, adding 5 per cent growth projected for 2019♒-20 is the lowest it could fall for now.
Growth slipped to 4.5 per 🦹cent in the Ju𓃲ly-September quarter.
The Survey this year has been♏ printed in lavender colour - the same as the colour of the new 100 rupee currency note, the🦩 oldest currency note in circulation in the country.
The pre-Budget Survey said for wealth to be distributed, it first has to be cre🌼ated and called for looking at wealth creators wi🙈th respect.
The Survey said government interventions seem to be ineffective in stabilising prices of co♔mmodities such as onions.
For bo𝕴osting growth, it called for new ideas for manufacturi🍸ng such as 'assemble in India for the world' which will create jobs.
To further make it easier to do business, the Survey called for removing the red tape at ports to promote exports as well as measures for easing the start of🎶 business, register property, pay ta𒆙xes and enforcing contracts.
It also called for𝔉 improving governance in public sector banks and the need for more disclosure ▨of information to build trust. It also talks about dwarfism in the banking sector.
Economic Survey advocates 10 new ideas that benefit markets as well as the economyℱ.
