The survey, also regarded as the official report card of the union government, gives a roadmap for the country s economy and spells the way forward.
During the last economic survey (Economic Survey 2018-19) the government Thursday projected the country s GDP growth for 2019-20 at 7 percent, up from five-year low of 6.8 per cent, on the back of anticipated pickup in investment and consumption. However, in the wake of the COVID-19 Pandemic, the course of the Indian economy took a downward slope with the country s GDP falling to -23.9 percent in the first quarter.
India s Q1 (Q1 of 2020- 21) GDP Growth
The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation releasing the estimates of GDP for the first quarter (April-June) Q1 of 2020-21, both at Constant (2011-12) and Current Prices said, GDP at Constant (2011-12) Prices in Q1 of 2020-21 is estimated at Rs 26.90 lakh crore, as against Rs 35.35 lakh crore in Q1 of 2019-20, showing a contraction o
29 January 2021, 17:23 PM
India has a track record of having adopted expansionary fiscal policy focussed on infrastructure spending We need to replicate the same, notes Economic Survey
29 January 2021, 17:23 PM
Even if India were to have the real GDP growth rate as low as 3.8% each year from FY 23 to FY 29, the debts will still come down - CEA Subramanian, illustrating that India s debt is sustainable
29 January 2021, 17:22 PM
Economic Survey calls for counter-cyclical fiscal policy to be an important point of emphasis, where the govt. steps in when the private sector does badly and steps back when the private sector does well
29 January 2021, 17:22 PM
Synopsis
While various economic packages and reforms announced by the government in 2020 have no doubt kept the economy afloat, Budget 2021 is also being looked upon as a watershed event which is expected to lift and give an impetus to the economy. Here are 7 expectations of a common man from Budget 2021.
Getty Images Budget 2021 should introduce measures which would provide certain tax benefits for employees on work from home allowances.
The year 2021 is being looked upon as a year of hope - hope for good health, hope for a life free of restrictions, hope for buoyancy in economy. On the economic front, stock markets are also achieving new heights with the expectation of the economy improving and a taxpayer-friendly Budget along with the introduction of two vaccines for Covid-19.