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Economic Survey 2021 | Here are the highlights of the survey

The Indian economy is forecast to contract 7.7 percent in 2020-21, the survey said.

January 29, 2021 / 05:30 PM IST
Economy

Economy

Chief Economic Adviser KV Subramanian on January 29 said the Economic Survey 2021 is dedicated to "COVID warriors".

Union Finance Minister Nirmala Sitharaman tabled the survey in Parliament, ahead of the Budget presentation on February 1.

"The Survey's call for more active, counter-cyclical fiscal policy is not a call for fiscal irresponsibility. It is a call to break the intellectual anchoring that has created an asymmetric bias against the fiscal policy," the report said.

> The survey pegged India's real Gross Domestic Product (GDP) growth at 11 percent in 2021-22. The Indian economy is forecast to contract 7.7 percent in 2020-21, the survey said. The survey has predicted a V-shaped economic recovery.