New Delhi, July 5 -- The government has projected India's real gross domestic product (GDP) growth for the year 2019-20 at 7 per cent on the back of anticipated pickup in the growth of investment and consumption.

A day before the Union Budget, Union minister for finance and corporate affairs Nirmala Sitharaman tabled the Economic Survey 2018-19 in Parliament on Thursday, which stated that the huge political mandate for the government augurs well for the prospects of high economic growth.

"The political stability in the country should push the animal spirits of the economy, while the higher capacity utilisation and uptick in business expectations should increase investment activity," said the survey.

India continues to remain the fastest ...