GDP growth, fiscal deficit: Economic Survey nos in line with expectations

India's economy, as per the Economic Survey, could contract 7.7 per cent in FY21, pulled down mainly by the Covid-19 pandemic and the ensuing nationwide lockdown to contain the spread of the disease

Finance Minister Nirmala Sitharaman tabled the Economic Survey for 2020-21 in Parliament on Friday in the backdrop of coronavirus pandemic that brought all economic activity to a standstill for a few months in 2020, and saw the Indian economy sink into recession.

The key numbers were mostly in line with what most analysts / economists had forecast. Here’s a quick comparison of what they had expected versus the Economic Survey’s projections.

GDP growth

India’s economy, as per the Economic Survey, could contract 7.7 per cent in fiscal 2020-21, pulled down mainly by the coronavirus pandemic and the ensuing nationwide lockdown to contain the