Economic Survey 2021 Projects 11% Growth In Next Fiscal Year


2021-01-29 08:53:11

Economic Survey 2021 Projects 11% Growth In Next Fiscal Year

Finance Minister Nirmala Sitharaman on Friday tabled the Economic Survey in Lok Sabha

The government forecast a robust economic recovery of 11 per cent for fiscal 2021-22 in its annual economic statement presented to parliament on Friday, on the back of the roll out of a massive vaccination drive.

India’s economy is projected to contract 7.7 per cent 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.

Newsbeep

The survey, which comes just ahead of the union budget for the new fiscal year that Finance Minister Nirmala Sitharaman is set to present on Monday, also forecast a “V-shaped” economic recovery.



Source link

Leave a Reply