The Federation of Indian Chambers of Commerce and Industry (FICCI) in its Economic Outlook Survey has projected an annual median GDP growth for 2019-20 at 5 percent. The GDP growth during October-December 2019 was estimated at 4.7 per cent. However, participating economists believe that the economic growth will rebound soon. The GDP growth is likely to improve to 5.5 per cent in 2020-21.