INSUBCONTINENT EXCLUSIVE:
Economic Survey 2021: The survey's projections form the basis for key figures in the budgetEconomic Survey 2021: India forecasts robust
beginning of a nationwide coronavirus vaccination drive and a rebound in consumer demand
But the government predicts the rollout of vaccines against COVID-19, which has killed 153,847 Indians, will re-energise Asia's
figures in the budget, due to be delivered on Monday by Finance Minister Nirmala Sitharaman
While the survey forecast a "V-shaped" economic recovery, it also cautioned that it would take at least two years to revert to pre-pandemic
gross domestic levels."With the economy's returning to normalcy brought closer by the initiation of a mega vaccination drive, hopes of a
robust recovery in services sector, consumption, and investment have been rekindled," said the survey.India has started inoculating millions
of people with two vaccines - Serum Institute of India's COVISHIELD, licensed from Oxford University and AstraZeneca, and COVAXIN, developed
domestically by Bharat Biotech and the Indian Council of Medical Research.Despite the optimistic outlook, officials say Sithraman may have
to make tough choices to keep in check the government's ballooning debt while presenting a spending plan able to lift the economy.
