<h1>Economic Survey 2019-20 Urges PSB Reforms for India's $5 Trillion Economy Goal; Highlights FinTech and Employee Incentives.</h1> India's economic growth requires an efficient banking sector, particularly Public Sector Banks (PSBs), which hold 70% market share. The Economic Survey 2019-20 highlights the need for urgent reforms in PSBs to support the nation's goal of becoming a $5 trillion economy. Key proposals include leveraging FinTech for improved credit analytics and decision-making, establishing a Public Sector Banking Network (PSBN) for comprehensive borrower screening, and implementing Employee Stock Option Plans to incentivize PSB employees. The survey emphasizes the importance of financial inclusion, digital transactions, and the use of structured data to drive economic growth and reduce non-performing assets.