Budget 2021: The FM hits a six with big growth push
Finance minister Nirmala Sitharaman's Budget 2021 seizes the moment and unleashes a slew of measures to get the growth momentum back. This Budget is her boldest yet.
Finance minister Nirmala Sitharaman's Budget 2021 seizes the moment and unleashes a slew of measures to get the growth momentum back. This Budget is her boldest yet.
The impact of Covid-19 on the economy has been massive and the survey discusses ways to manage the economic crisis post the pandemic.
The Survey recognizes that containment of the pandemic is the necessary foundation for boosting India’s growth trajectory and goes on to suggest areas of focus for economic revival.
Despite the Survey’s positive tone, the Sensex and Nifty 50 closed in the red, falling nearly 8% in a matter of five trading sessions from their January 21 life–high.
The survey sees GDP contraction at 7.7% for FY21, but says a V-shaped recovery is visible. Consequently, FY22 growth is pegged at 11%.
If the latest Economic Survey has one distilled message, it is that India is building an architecture of innovation.
The survey advocates for an active fiscal policy to revive the economy from the slump and lays an intellectual foundation for the government. Over to the government now.
As the Economic Survey Report 2020-21 was tabled in the Parliament, India Inc. spoke about how the report charts the government's future course of action in order to propel growth.