Page 7 - மாதாந்திர பொருளாதார விமர்சனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Keep the wheels of economic recovery turning Updated: Updated: January 28, 2021 10:51 IST The fiscal stimulus needs to continue in FY 2021-22 to speed up India’s economic healing Share Article AAA The fiscal stimulus needs to continue in FY 2021-22 to speed up India’s economic healing The forthcoming Economic Survey will tell us about the state of the economy based on available empirical evidence. The first advance estimates of national income published on January 7 project a contraction of 7.7% for real GDP. The Q2 GDP estimates published by the National Statistical Office, Ministry of Statistics and Programme Implementation (MOSPI) on November 27 had suggested an economic recovery in India. An improvement in the rate of contraction from 23.9% in Q1 to 7.5% in Q2 was seen as the beginning of a sustained recovery. The Ministry of Finance, in its Monthly Economic Review highlighted it as signifying a ‘V’ shaped recovery and as a reflection of the resilience and robu

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