Union Budget 2021 on February 1.
New Delhi: Finance Minister Nirmala Sitharaman tabled the Economic Survey 2021-22 in the Parliament, detailing the state of the economy ahead of the government s Budget for fiscal year beginning April 1, 2021.
Finance Minister Nirmala Sitharaman will present the Union Budget at 11 a.m. on February 1. The Economic Survey 2020-21, authored by a team led by Chief Economic Adviser Krishnamurthy Venkata Subramanian, details the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth.
Government has forecast a robust economic recovery of 11% for fiscal 2021-22 in the Economic Survey 2021-22, on the back of the roll out of a massive vaccination drive. India`s economy is projected to contract 7.7% in the current financial year ending March 31, after economic activity was hit by the pandemic, leading to job losses for millions of workers, particularly employed by small businesses.
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FM Sitharaman tables Economic Survey 2020-21 in Lok Sabha
Finance Minister Nirmala Sitharaman on Friday presented the Economic Survey that details the state of the economy ahead of the government s Budget for fiscal year beginning April 1, 2021.
The Economic Survey 2020-21, authored by a team led by Chief Economic Adviser Krishnamurthy Venkata Subramanian, details the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth.
The economy, which was battered by the coronavirus lockdown, is expected to see a strong recovery in the 2021-22 fiscal year. The gross domestic product (GDP) contracted by a record 23.9 per cent in April-June and by 7.5 per cent in the second quarter.
India TV News Desk | 13 Feb 2021, 11:59 AM
Finance Minister Nirmala Sitharaman reiterated that India s approach to the COVID-19 resulted in a retraction in the pandemic. India TV News Desk | 13 Feb 2021, 6:27 AM
For today s session, the ruling BJP had directed all its members to be present in the House on Saturday, party sources said.
Union Finance Minister Nirmala Sitharaman will reply to the Budget discussion in Lok Sabha (Lower House) of the Parliament at 10 am on Saturday. Earlier on Friday, the Finance Minister said Union Budget for FY21-22 attempts at providing stimulus to the economy.
According to the report, the cost of getting a fitness certificate for such commercial vehicles will go up by up to 62 times. On the other hand, the fee for renewal of registration of private vehicles will increase by up to eight times.
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New Delhi, January 29
India’s economy is likely to grow by 11 per cent in the fiscal year beginning April 1 as a vaccine drive and rebound in consumer demand help it emerge from the carnage inflicted by a strict coronavirus lockdown, the Economic Survey said on Friday.
The rebound will follow an estimated 7.7 per cent contraction in the Gross Domestic Product (GDP) in the current financial year ending March 31, the document an annual report card on the economy tabled in Parliament by Finance Minister Nirmala Sitharaman said.
This is the steepest annual contraction of the economy in the history of independent India. The economy had last witnessed its last annual contraction of 5.2 per cent in the fiscal year 1979-80.
Economic Survey: India s economic growth pegged at 11 pc for FY22
For the full fiscal, the Economic Survey projected a contraction of 7.7 percent and a V-shaped recovery in the next fiscal. GDP growth is seen expanding by 11 percent in 2021-22 fiscal (April 2021 to March 2022).
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Finance Minister Nirmala Sitharaman on Friday presented the
Economic Survey that details the state of the economy ahead of the government s Budget for the fiscal year beginning April 1, 2021.
The Economic Survey 2020-21, authored by a team led by
Chief Economic Adviser Krishnamurthy Venkata Subramanian, details the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth.