NEW DELHI: Finance minister Nirmala Sitharaman on Friday introduced the Economic Survey that particulars the state of the economic system forward of the federal government’s Finances for fiscal yr starting April 1, 2021.
The Financial Survey 2020-21, authored by a group led by chief financial adviser (CEA) Krishnamurthy Venkata Subramanian, particulars the state of various sectors of the economic system in addition to reforms that ought to be undertaken to speed up development.
The economic system, which was battered by the coronavirus lockdown, is predicted to see a powerful restoration within the 2021-22 fiscal yr.
The gross home product (GDP) contracted by a report 23.9 per cent in April-June and by 7.5 per cent within the second quarter.
For the total fiscal, the survey projected a contraction of seven.7 per cent and V-shaped restoration within the subsequent fiscal.
GDP development is seen increasing by 11 per cent within the 2021-22 fiscal (April 2021 to March 2022).
The Financial Survey 2020-21, authored by a group led by chief financial adviser (CEA) Krishnamurthy Venkata Subramanian, particulars the state of various sectors of the economic system in addition to reforms that ought to be undertaken to speed up development.
The economic system, which was battered by the coronavirus lockdown, is predicted to see a powerful restoration within the 2021-22 fiscal yr.
The gross home product (GDP) contracted by a report 23.9 per cent in April-June and by 7.5 per cent within the second quarter.
For the total fiscal, the survey projected a contraction of seven.7 per cent and V-shaped restoration within the subsequent fiscal.
GDP development is seen increasing by 11 per cent within the 2021-22 fiscal (April 2021 to March 2022).
