Recovery play: Economy will take two years to surpass pre-pandemic levels
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Last Updated: Jan 30, 2021, 08:09 AM IST
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Synopsis
Following a strong 10-12% rebound in FY22, survey looks ahead assuming a 6.5% rise in FY23 and 7% GDP growth in FY24
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ECONOMY IN FY24
Following a strong 10-12% rebound in FY22, survey looks ahead assuming a 6.5% rise in FY23 and 7% GDP growth in FY24
Price of food issued from central stock not revised since 2013
Economic cost of wheat up from Rs 1,908/quintal in FY14 to Rs 2,684/quintal in FY21
Rice up from Rs 2,616/quintal in 2013-14 to Rs 3,724/quintal over this period
Budget 2021: What industry wants
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Last Updated: Jan 26, 2021, 10:32 AM IST
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India Inc wants a strong stimulus dose for the pandemic-hit economy in the upcoming budget to help it rebound from the Covid disruption
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Comprehensive relief package for aviation sector
India Inc wants a strong stimulus dose for the pandemic-hit economy in the upcoming budget to help it rebound from the Covid disruption. ET looks at the wish list of some key sectors:
Higher 25% depreciation rate for passenger vehicles & 2-wheelers
Reinstatement of investment allowance for component makers
Include EV industry in the priority sector lending category
Aviation