Economic Survey 2021 highlights: FY22 GDP growth seen at 11%; nominal GDP at 15.4%

Synopsis
​Govt sees FY22 GDP growth at 11 per cent, and nominal GDP (which accounts for inflation) at 15.4 per cent. This would mark the strongest growth since India liberalised its economy in 1991, and the highest nominal growth since India's independence in 1947.
Economic Survey 2020-21 decoded for you
The economic survey tabled on Friday sees a robust growth of 11% for the fiscal year beginning on April 1 on the back of the nationwide vaccination and a rebound in consumer demand.
India, which the International Monetary Fund singled out as a global bright spot only a few years ago, is set to contract 7.7% in this fiscal year, to March 31, the deepest contraction in four decades, the government said in the survey.

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