GDP: Improvement in second half of current financial year

There has been an improvement in the second half of the current financial year. India's economy might see an upswing as GDP growth rate for FY21 is seen at 6-6.5 per cent, said the Economic Survey 2019-20 on Friday. Accordingly, the survey suggested that fiscal consolidation target needs to be relaxed from the current 3.3 per cent of the GDP to revive growth. It pegged the FY20 growth rate to 5 per cent.