New Delhi: On February 1, Finance Minister Nirmala Sitharaman will present the country’s economic budget. The Economic Survey has predicted a decline in growth rate this year, while the growth rate for the next year has been said. This is the third economic survey of Modi government’s second term.
The Economic Survey has predicted a rapid revival in the financial year 2021-22 in the economy affected by the corona virus epidemic and its ‘lockdown’.
In the first quarter of the current financial year, the economic growth rate has come down by 23.9 percent while in the second quarter it has come down by 7.5 percent. It is projected to decline by -7.7 percent in the entire financial year. GDP (GDP) growth rate is estimated to be 11.5 percent in the next financial year 2021-22.
The team headed by Chief Economic Advisor Krishnamurthy Venkat Subramaniam has prepared an economic review for 2020-21.
What did Prime Minister Narendra Modi say before the budget?
Prime Minister Narendra Modi on Friday, on the first day of the budget session of Parliament, hoped that all the members will contribute to the fulfillment of people’s aspirations through discussion, following all the limitations of democracy.
That is, in a way the cycle of mini budget continued in 2020. So this budget will also be seen in a series of 4-5 mini budgets, I am sure of it. “
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