Budget 2020: 10% GDP growth a conservative estimate, says Atanu Chakraborty

With a conservative lens, these are the numbers that looked plausible, Chakraborty said

The GDP growth and tax revenue forecasts announced in the Budget are realistic and conservative, Economic Affairs Secretary Atanu Chakraborty told Arup Roychoudhury in an interview. Chakraborty, who contributed to the finance minister’s speech, said NSSF loans are crucial for Food Corporation of India to initiate a clean-up, and the proposed exchange-traded fund for government securities will be launched in H2FY21. Edited excerpts:
 
What are your assumptions behind the 10 per cent nominal GDP growth rate? Are your real GDP growth estimates similar to those in the Economic Survey?
 
Overall, a 10 per cent nominal GDP growth rate