Here are the key highlights of the survey:

NEW DELHI: The government has tabled the Economic Survey 2019 in Parliament on Thursday. The survey projected GDP (gross domestic product) growth at 7 per cent for the financial year (FY) 2019-20.It noted that the GDP growth has been seen picking up on higher private investment and robust consumption.* "An effective minimum wage policy that targets the vulnerable bottom rung of wage earners can help in driving up aggregate demand and building and strengthening the middle class," chief economic adviser Krishnamurthy Subramanian said.* "With the aspirations that have been kindled among our predominantly young population, India stands at a historic moment when sustained high economic growth has become a national imperative," Subramanian added.* Imbued by the power of the opportunity that beckons, he said the team for Economic Survey 2018-19 has been guided by "blue sky thinking." 'Blue sky thinking' refers to uninhibited approach to achieve goals.* Oil prices are expected to decline in FY20 which may boost consumption* To become a $5 trillion economy by 2025, India need to sustain a GDP growth rate of 8 per cent* The fiscal deficit estimate for 2018-19 has been retained at 3.4 per cent of the GDP* Government policies are expected to further lift restrictions on FDI (foreign direct investment) inflows* Rural wage growth that had bottomed out, has started to rise since mid-2018* Slow growth, GST and farm schemes may pose challenges on fiscal front* Lower global growth and increased uncertainty over trade tension may hit exports* Electric vehicles (EVs) hold enormous potential and India can emerge as a manufacturing hub"Appropriate policy measures are needed to lower the overall lifetime ownership costs of EVs and make them an attractive alternative to conventional vehicles for all consumers," a finance ministry notification stated.