Jan 29, 2021 19:48 (IST)
Nominal GDP to grow by 15.4% - the highest since independence
According to the advance estimates by National Statistics Office (NSO), the country s real GDP to record a 11.0 per cent growth in financial year 2021-22 and the nominal GDP is likely to grow by 15.4 per cent - the highest since independence
Jan 29, 2021 19:05 (IST)
Government needs to see agriculture as modern business enterprise
The Economic Survey noted that the government to see farm sector as a modern business enterprise for which urgent reforms are required to enable sustainable and consistent growth. The agricultural sector has shown its resilience amid the adversities of COVID-19 induced lockdowns.
Economic Survey 2021: The survey s projections form the basis for key figures in the budget
Economic Survey 2021: India forecasts robust economic growth of 11 per cent for the fiscal year beginning on April 1 in its annual economic survey on Friday, on the back of the beginning of a nationwide coronavirus vaccination drive and a rebound in consumer demand. The economy, which the International Monetary Fund singled out as a global bright spot only a few years ago, is set to contract 7.7 per cent in this fiscal year, to March 31, the deepest contraction in four decades, the government said in the survey. But the government predicts the rollout of vaccines against COVID-19, which has killed 153,847 Indians, will re-energise Asia s third-largest economy with 11 per cent growth next year, putting it on track to post the strongest growth since India liberalised its economy in 1991. (