Expected Economic growth Rate of 2020.
                     Expected Economic Growth rate of 
India in 2020
Economic survey
• India's economic growth is expected to strongly rebound to 6-
6.5 per cent in 2020-21 from 5 per cent estimated in the 
current fiscal, the Economic Survey said on 31st January, adding 
that the government with a strong mandate has the capacity to 
expedite reforms.
businessstandard.com
Economic survey
• The Economic Survey 2019-20 tabled in Parliament said there 
are tentative signs of bottoming out of slowdown in 
manufacturing activity and global trade, which will have a 
positive impact on growth in the next fiscal.
economictimes.com
Government initiatives
• The government's thrust on affordable housing, Make in 
India, reduction in corporate tax rate, and improvement in 
ease of doing business, besides others factors, will help in 
boosting economic growth.
aljazeera.com
More predictions
The document also emphasized that merger of public sector banks 
may increase the financial strength of the merged entities and as 
the implementation of GST further settles down, the increased 
unification of the domestic market may reduce business costs and 
facilitate fresh investment.
•  
economictimes.com
Ground reality
• Global credit rating agency Moody's Investor Services on Monday said 
the Indian economic revival will likely to be shallow. 
• In its report, 'Coronavirus clouds growth outlook just as the economy 
showed signs of stabilization', Moody's said the economic revival of India 
is likely to be shallow.
rediff.com
Moody’s report
• Improvements in the latest high frequency indicators such as PMI 
(Purchasing Managers' Index) data suggest that the economy may have 
stabilized, Moody's said.
• While the Indian economy may begin to recover in the current quarter, it 
will be slower than previously expected, Moody's said.
economictimes.com
Growth forecast
• "Accordingly, we have revised our growth forecasts to 5.4 per cent for 
2020 and 5.8 per cent for 2021, down from our previous projections of 
6.6 per cent and 6.7 per cent, respectively," Moody's said.
hindustantimes.com
More suggestions
• For India, Moody’s said, the key to stronger economic 
momentum will be the revival of both rural and urban 
demand. “But equally important is the resumption of credit 
growth in the economy."
economictimes.com
Credit growth
• “As data from the Reserve Bank of India shows, credit impulse in the 
economy has deteriorated throughout the last year as a result of the 
drying up of lending from non-bank financial institutions as well as from 
banks. The deterioration in credit growth to the commercial sector is 
particularly stark”, said Moody.
economictimes.com