The fiscal deficit this year is 3.3 per cent brought down from 3.4 per cent.

The Economic Survey projected India's growth to rise to 7 pc in the current fiscal, from five-year low of 6.8 pc in 2018-19.

Govt might this year again slip on fiscal deficit front given sluggish GST collections and lower-than-expected growth in direct taxes.

In January-March, annual growth slumped to 5.8 per cent, the slowest pace in 20 quarters.

Finance Minister said in the last quarter, there could have been a fall and steps have been taken to improve the economy.

Govt will revise its fiscal deficit target up to 3.5 per cent of GDP for the current fiscal year and 3.3 per cent for 2020-21.

Survey showed that businesses in India are very optimistic about their growth prospects, despite subdued macro-economic conditions.

Vehicle sales across categories registered a decline of 8.62 per cent to 20,86,358 units from 22,83,262 units in May 2018.

The policy addresses broad areas of e-commerce ecosystem such as infra development, market places, regulatory issues among others.

Primary contributors of the paper are economists Bibek Debroy, Rathin Roy, Surjit Bhalla, Charan Singh, Arvind Virmani.