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LATEST NEWS UPDATES | 10 major points made by the Economic Survey -Vivek Kaul

10 major points made by the Economic Survey -Vivek Kaul

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published Published on Jan 30, 2021   modified Modified on Feb 1, 2021

-Livemint.com

The Survey expects the Indian economy to grow by 11% in real terms (adjusted for inflation) during 2021-22. This is close to the growth of 11.5% forecast by the International Monetary Fund (IMF). This is good news.

The Economic Survey of 2020-21 was published earlier in the day today. Like in the previous years, the Economic Survey tries to summarise the state of the Indian economy across various dimensions.

Here are ten important points with regard to the economy that the Survey has made.

1) The Survey expects the Indian economy to grow by 11% in real terms (adjusted for inflation) during 2021-22. This is close to the growth of 11.5% forecast by the International Monetary Fund (IMF). This is good news.

Nevertheless, one factor that needs to be kept in mind; the size of the Indian economy, as measured by the Gross Domestic Product (GDP), is expected to contract by 7.7% during 2020-21 to 134.4 lakh crore. Hence, the 11% growth expected in 2021-22 is on this low base.

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Livemint.com, 30 January, 2021, https://www.livemint.com/budget/economic-survey/10-major-points-made-by-the-economic-survey-11611919556899.html


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