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Survey sees economy rebounding to 11% in FY22 - The Hindu BusinessLine

Survey sees economy rebounding to 11% in FY22
January 29, 2021
Chief Economic Advisor Krishnamurthy Subramanian - PTI×
V-shaped recovery projected with end of lockdown and rollout of Covid vaccine
Striking an optimistic note on economic recovery, the Economic Survey on Friday said that the Indian economy will rebound to 11 per cent real GDP growth next fiscal on the back of a V-shaped recovery post lifting of the lockdown and the ongoing rollout of mega Covid vaccination drive.
The rebound from an expected 7.7 per cent contraction in real GDP for 2020-21 will be led by the low base and continued normalisation in the economic activities as the rollout of Covid-19 vaccines gets traction, said the Economic Survey for 2020-21 tabled in Parliament by Finance Minister Nirmala Sitharaman. ....

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Imaginative policymaking, 12-point agenda can restore economy post pandemic: Experts

Economic Survey 2020: Key takeaways
India s revival in a post-pandemic world is not just about getting the economic policy right, but also about getting governance and national priorities right, political commentator and policy analyst Sanjaya Baru writes in Beyond Coronaviruss Shadow - Mapping India s Economic Resurgence .
A compendium of 20 scholarly essays by eminent economists, academicians and writers that Baru has also edited also includes a 12-point roadmap enunciated by Arvind Virmani, who has served as the government s Chief Economic Advisor and as India s Representative to the IMF.
The defining reality of the post-COVID world is uncertainty about the behaviour of consumers, savers, investors, workers and entrepreneurs. Their confidence in the future has been shaken and shaped by a new kind of uncertainty that one normally associates with an all-out global war, Baru writes in his essay titled The Political Economy of Uncertainty . ....

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Imaginative policymaking, 12-point agenda can restore economy post pandemic

Imaginative policymaking, 12-point agenda can restore economy post pandemic
By
Vishnu Makhijani ( IANS)
|
Published on
Mon, Jan 25 2021 12:21 IST
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Imaginative policymaking, 12-point agenda can restore economy post pandemic . Image Source: IANS News
New Delhi, Jan 25 : Indias revival in a post-pandemic world is not just about getting the economic policy right, but also about getting governance and national priorities right, political commentator and policy analyst Sanjaya Baru writes in Beyond Coronaviruss Shadow - Mapping Indias Economic Resurgence .
A compendium of 20 scholarly essays by eminent economists, academicians and writers that Baru has also edited also includes a 12-point roadmap enunciated by Arvind Virmani, who has served as the government s Chief Economic Advisor and as India s Representative to the IMF ....

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Arvind Virmani: FY22 Budget should prioritise tax reforms: Arvind Virmani, former Chief Economic Advisor

NEW DELHI: The government’s priority must be to reform India’s tax system in the upcoming Union Budget 2021-22, and specifically to update the direct tax code, according to Arvind Virmani, former Chief Economic Advisor of India.
“The most important issue is tax reforms and the first element of that is the direct tax code. We cannot create a 21st century Atmanirbhar Bharat with these ancient codes and we need to bring it up to the 21st century,” Virmani said, virtually addressing a conference hosted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) on Friday.
On the indirect tax side, noting that it was not for the Centre alone but for the Goods and Services Tax (GST) council to take action, Virmani said that GST structure needed to be further simplified. ....

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Budget: PM Modi to interact with leading economists on Friday

Budget: PM Modi to interact with leading economists on Friday
Top economists and experts who will participate in the meeting include Arvind Panagariya, KV Kamath, Rakesh Mohan, Shankar Acharya, Shekhar Shah, Arvind Virmani, and Ashok Lahri.
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Prime Minister Narendra Modi will interact with leading economists and sectoral experts on Friday to deliberate on measures that may be included in the upcoming Budget for promoting growth, amid uncertainty on multiple fronts caused by
COVID-19.
It will also be attended by Finance Minister
Nirmala Sitharaman, Minister of State for Finance
Anurag Thakur, Niti Aayog Vice Chairman
Rajiv Kumar, and ....

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