Economic Survey 2020-21 tabled in Lok Sabha

• Finance Minister Nirmala Sitharaman today tabled the Ecomin Survey for the year 2020-21 in the Lok Sabha.

• The Economic Survey that has been authored by a team led by Chief Economic Adviser Krishnamurthy Venkata Subramanian presents the state of differwnt sectors of the economy and future course of action for economic recovery.

• It stated that the economy is expected to see a strong revival in the financial year 2021-22, after the coronavirus lockdown.

• It stated that the GDP of the country contracted by 23.9% in the period of April-June and 7.5% in the second quarter.

• It further stated that the Real GDP of the country could grow 11% in the period 2021-22 and nominal GDP could rise to 15.4% in this period.

• In worst case scenario, it could see nominal annual growth at 8%.India’s debt would be sustainable. Govt raised Rs 15,220 cr from disinvestment against FY21 target of Rs 2.1 lakh crore