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What is India’s estimated GDP growth rate for 2018-19 in the Economic Survey?
1. 6.3% - 7.1%
2. 7.2% - 7.5%
3. 7% - 7.5% 
4. 7% - 7.2% 

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Correct Answer - Option 3 : 7% - 7.5% 

The correct answer is 7% - 7.5%.

  • Economic Survey:
    • The Economic Survey of India is an annual document released by the Ministry of Finance, Government of India.
    • It contains the most authoritative and updated source of data on India’s economy.
    • India’s estimated GDP growth rate for 2018-19 in the Economic Survey was 7% - 7.5%.
    • It is a report that the government presents on the state of the economy in the past year, the key challenges it anticipates, and their possible solutions.
    • The Economic Survey document is prepared by the Economics Division of the Department of Economic Affairs (DEA) under the guidance of the Chief Economic Advisor.
    • It is usually presented a day before the Union Budget is presented in the Parliament.
    • The first Economic Survey in India was presented in the year 1950-51.
    • Up to 1964, it was presented along with the Union Budget. From 1964 onwards, it has been delinked from the Budget.

  • Economic Survey 2021:
    • The Economic Survey 2021 was presented by Finance Minister Smt. Nirmala Sitharaman.
    • The theme for Economic Survey 2021 is “Saving Lives and Livelihoods”.
    • In FY 2021, the economic contraction is projected at 7.7%.
    • With the farm sector being the silver lining, the GDP growth is estimated at 11% in the financial year 2022.
    • The economy is showing a V-shaped recovery supported by the vaccination drive against COVID-19.
    • As the vaccination drive gathers steam, the rebound would be led by the low base and the continuing normalization in economic activities.
    • Growth has been kept from further diving down by government consumption and net exports.
    • The Survey has batted for a continued expansionary fiscal stance by the government to ensure that growth returns to pre-Covid levels.

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