<h1>India's Economic Survey 2019-20: Fiscal Consolidation, Revenue Growth, and Calls for Relaxed Deficit Targets.</h1> The Economic Survey 2019-20 highlights India's path towards fiscal consolidation amidst global economic challenges. It reports a 13% growth in revenue receipts from April to November 2019, driven by non-tax revenue and improved GST collections, which exceeded Rs. 1 lakh crore five times in the fiscal year. Capital expenditure tripled during this period. The survey suggests relaxing fiscal deficit targets to boost economic growth and emphasizes structural reforms, such as corporate tax cuts, to attract investment. It notes a decline in central government liabilities and increased fund transfers to states, while cautioning about state-level debt sustainability challenges.