Anindya Sengupta The Indian economy is expected to witness a 7.7% decline in GDP in the current financial year as per the Economic Survey. Also the projected growth for FY 21-22 is 11%. So effectively as per the economic survey the country is expected to grow by 2.4% in two years ( from 2019-20 to
~ by Trinanjan Chakraborty Last week, the Union Budget was presented in the Parliament. We will look at the budget trends for some key sectors. The opening piece focuses on the Education sector. As life moves closer to normalcy in the post Covid world, the one sector which remains most affected is the education sector.
~ by Trinanjan Chakraborty Fiscal deficit for FY 2021 at 9.5% of GDP against budgeted target of 3.5%. Fiscal deficit target for FY 2022 kept at 6.8% of GDP. Government targets to bring it down to 4.5% of GDP by 2025-26 Capital expenditure allotment in FY 2022 at ₹ 5.54 lakh crores – up from
~Anindya Sengupta The Economic Survey, 2021 was tabled in the parliament today. The Ministry of Statistics and Programme Implementation also released the advanced estimates for Financial year 2020-21 earlier this month. One of the major highlights of both the reports is that the GDP growth rate for FY-2020-21 is pegged at -7.7% as against 4.2%
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