New Delhi. There is good news for India’s economy, which has gone into a trough due to the Corona epidemic. It is expected that in the financial year 2021-22, India’s GDP may grow by 10 percent. Actually, for the past few days, there is relief from Corona in the country. Due to this, economic activities have increased rapidly in the last two months. Due to which the train of economy is showing signs of running fast on the track.
Bibek Debroy, chairman of the Economic Advisory Council to the Prime Minister of India, has shared information in this regard. He says that with the improvement in corona cases, the Indian economy is also rapidly returning to the track. If all goes well, then during the financial year 2021-22, there can be a growth of up to 10 percent in GDP.
Let us inform that Bibek Debroy while speaking at the SBI program said that I am confident that we are moving towards a prosperous, more developed and better governed India with a higher growth rate, higher poverty alleviation rate, higher employment rate. I believe the real rate of growth this year is going to be around 10 per cent. The actual growth was estimated in the range of 8.5-12.5 per cent at the beginning of the financial year 2021-22.
Bibek said economic activity has improved in the last two months. GST revenue, e-way bills, electricity consumption, vehicle registration, railway freight, corporate profitability, foreign direct investment (FDI) inflows and steel consumption have increased. There are indications that the real growth rate in the current financial year will be around 10 per cent.
It is worth noting that Swiss brokerage company UBS Securities has increased the estimate of Indian GDP. Citing a faster-than-expected revival, increased consumer confidence and increased spending, it has raised its growth forecast for the current fiscal from 8.9 per cent to 9.5 per cent. Earlier in September, it was estimated at 8.9 per cent.
Source: Patrika : India's Leading Hindi News Portal by www.patrika.com.
*The article has been translated based on the content of Patrika : India's Leading Hindi News Portal by www.patrika.com. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!