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Budget 2021: Task cut out for FM to boost consumer demand
The GDP contracted 23.9 per cent in the first quarter of FY21. It recovered in Q2 but still contracted by 7.5 per cent. The Reserve Bank of India (RBI) in its latest estimate had also projected the annual GDP to contract 7.5 per cent in the fiscal year
BusinessToday.In | February 1, 2021 | Updated 05:49 IST
Finance Minister Nirmala Sitharaman will present Union Budget 2021-22 in Parliament today
The COVID-19 pandemic has had a major impact on consumer demand as spending slumped due to people being stuck in their homes and some not being able to work. The already flailing economy was shoved to the ground by the COVID-19 pandemic and the following lockdowns. ....

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