<h1>India's GDP Growth Slows to 5% in 2019-20; Economic Survey Predicts 6-6.5% Growth for 2020-21 with Reforms Needed.</h1> India's GDP growth for 2019-20 is projected at 5%, with an expected uptick in the second half due to factors like increased FDI, improved industrial activity, and higher GST revenue. The Economic Survey predicts growth between 6.0-6.5% for 2020-21, urging swift government reforms. The global economic slowdown, geopolitical tensions, and a decline in real fixed investment have impacted growth, while inflation rose due to food prices. The fiscal deficit is budgeted at 3.3% of GDP. Formal employment increased, and the current account deficit narrowed, reflecting economic formalization and stability.