Moneycontrol PRO
Black Friday Sale
Black Friday Sale
HomeNewsBusinessBudget 2020: Govt pegs nominal GDP growth at 10% for FY21

Budget 2020: Govt pegs nominal GDP growth at 10% for FY21

The Economic Survey 2020-21 presented in Parliament on January 31 pegged economic growth in the range of 6 percent to 6.5 percent.

February 01, 2020 / 17:36 IST

The government pegged nominal gross domestic product (GDP) growth at 10 percent for FY21 in the Union Budget presented on February 1.

The Economic Survey 2020 presented on January 31 pegged India's economic growth at 6-6.5 percent in 2020-21.

While presenting the Budget for 2020-21, Sitharaman said receipts for 2020-21 are pegged at Rs 22.46 lakh crore while expenditure at Rs 30.42 lakh crore.

The revised estimated expenditure for FY20 has been pegged at Rs 26.99 lakh crore and receipts at Rs 19.32 lakh crore, she said.

The government’s net market borrowings would be at Rs 4.99 lakh crore in FY 2019-20 and are estimated at Rs 5.36 lakh crore in FY 2020-21.

Moneycontrol News
first published: Feb 1, 2020 01:01 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347