Saturday, 30 January, 2021, 08 : 00 AM [IST]
Ashwani Maindola, New Delhi
The Government of India has presented the Economic Survey ahead of the Union Budget Scheduled for Feb 1 and expects a V-Shaped economic recovery in the fiscal 2021-22.
According to the Survey, Indiaâs real GDP expected to record a growth of 11 per cent in 2021-22 and nominal GDP by 15.4 per cent-the highest since Independence.
âThe V-shaped economic recovery is supported by the initiation of a mega vaccination drive with hopes of a robust recovery in the services sector and prospects for robust growth in consumption and investment,â reads the survey.
Nirmala Sitharaman, Union Minister for Finance & Corporate Affairs, presented the Economic Survey 2020-21 in Parliament on Friday, which states that the rebound will be led by the low base and continued normalisation in economic activities as the rollout of Covid-19 vaccines gathers traction.