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