INSUBCONTINENT EXCLUSIVE:
recovery for the Indian economy and real GDP growth of 11 per cent in 2021-22, on the back of the roll-out of a massive vaccination drive
Finance Minister Nirmala Sitharaman presented the Economic Survey, detailing the state of the economy ahead of the Budget, on February 1.The
Economic Survey, prepared by a team led by Chief Economic Adviser Krishnamurthy Venkata Subramanian, gives an overview of the various
economic sectors and suggests economic reforms that need to be undertaken by the government to accelerate growth.Faced with unprecedented
uncertainty at the onset of the pandemic, India focused on saving lives and livelihoods by its willingness to take short-term pain for
long-term gain, the Survey pointed out
India's response stemmed from the humane principle that while GDP growth will recover from the temporary shock caused by an intense
lockdown, human lives that are lost cannot be brought back
projected to contract 7.7 per cent in the current financial year ending March 31 in the aftermath of the the pandemic and resultant
lockdown, which led to massive job losses and brought the economy down to its knees
The gross domestic product (GDP) contracted by a record 23.9 per cent in April-June and 7.5 per cent in the second quarter, marking an
unprecedented technical recession i.e.two successive quarters of negative growth.The Budget, to be presented by Finance Minister Nirmala
