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Economic Survey Pegs 2019-20 GDP Growth At 7%: Sources

India will face a challenge on the fiscal front following an economic slowdown impacting tax collections amid rising state expenditure on the farm sector

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 India on Thursday forecast its annual economic growth could accelerate to 7% in the 2019/20 fiscal year from an estimated 6.8% in the previous year, two government sources said, that could help it regain the status of world's fastest-growing major economy by overtaking China.

The government's economic survey, to be presented to parliament later on Thursday, also says India will face a challenge on the fiscal front following an economic slowdown impacting tax collections amid rising state expenditure on the farm sector, the sources said.

(Reuters)


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