The Indian economy is likely to grow by 11% in 2021-22, the V-shaped recovery having been made possible by its strategy of Covid management that focused on protection of life at the expense of a short-term impact on livelihoods, the Economic Survey for 2020-21 has argued.
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Finance minister Nirmala Sitharaman on Friday presented the Economic Survey that details the state of the economy ahead of the government’s Budget for the fiscal year beginning April 1, 2021. The Economic Survey 2020-21, authored by a team led by CEA Krishnamurthy Venkata Subramanian, details the state of different sectors of the economy as well … Continue reading FM tables Economic Survey 2020-21 in Lok Sabha
Chief economic adviser (CEA) Krishnamurthy Subramanian on Friday presented the Economic Survey 2020-2021 and dedicated it to all the Covid warriors who upheld the country during once-in-a century crisis. He also likened India’s economic recovery to the resilience shown by the Indian cricket team in the recently concluded series in Australia.
Around 2.62 crore new jobs were created in rural and urban areas between 2011-12 and 2017-18 among regular wage and salaried employees, says the Economic Survey 2019-20. 69.03 lakh candidates were trained under the Pradhan Mantri Kaushal Vikas Yojana as in November 2019, while there was a 8% increase in regular employment of women in … Continue reading Around 2.62 crore new jobs created during 2011-18
India’s GDP (gross domestic product) growth is neither overestimated nor underestimated and the concerns on data are “unfounded”, the Economic Survey 2019-20 said on Friday as it tried to settle the debate over veracity of the macroeconomic data following change in estimation methodology.
The sensex skidded 190 points while the Nifty closed below the 12,000-mark on Friday after the Economic Survey suggested relaxing fiscal deficit target to boost growth from a decade low.
The steep cut in corporate tax rate will benefit large companies the most as smaller ones were already paying lower rates, the Economic Survey 2019-20 said on Friday.
India’s economic survey is seen projecting growth of 6% to 6.5% in the next year starting April 1, boosted by a series of fiscal measures to revive demand that the government is likely to announce in the budget, a source said on Friday.