The Economic Survey reaffirms that the worst is behind us and the economy would bounce back with a V-shaped recovery after being hit hard by the COVID-19 pandemic, India Inc said on Friday. Sharing their views on the Survey 2020-21 tabled in Parliament, the industry also made a case for continuation of support from the government this year for a broad base recovery and revitalise the ameliorating economic growth. CII Director General Chandrajit Banerjee said the survey makes a candid and convincing assessment of the Indian economy based on objective analysis, enriching content and credible policy direction to take the economy forward.
GDP estimates: Experts say economy to perform better than earlier projections
The first Advance Estimates (AE) by the National Statistics Office (NSO) has projected a contraction of 7.7 percent in the real GDP during 2020-21.
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India s GDP estimates for 2020-21 show that the economy is expected to perform much better than earlier projections by different agencies, indicating a sustained
V-shape post-lockdown recovery, experts said.
The first Advance Estimates (AE) by the
National Statistics Office (NSO) has projected a contraction of 7.7 percent in the real GDP during 2020-21. This was better than the projections by certain international agencies like the IMF and World Bank.
CII and Amazon India sign pact to increase export potential of MSMEs
As part of the MoU, Amazon India will work with the CII to train the MSMEs in 10 states into building and scaling their business in India and globally.
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Industry body Confederation of Indian Industry (CII) and Amazon India on Wednesday signed a pact to increase export potential of micro, small, and medium enterprises (MSMEs) in 10 states and help them leverage ecommerce to boost domestic trade.
As part of the memorandum of understanding (MoU),
Amazon India will work with the CII to train MSMEs in 10 states into building and scaling their business in India and globally.