Question

Can you tell me the impact of COVID-19 on GOVERNMENT BUDGET of India 2021-22 in brief in 700-1000 words for my economics project Class 12! "government budget & its components"


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Answer 1

Answer:

In 2020-21, revised estimates for receipts were 29% lower than budget estimates. Given the impact due to COVID-19, it is useful to see the growth from 2019-20, an annual increase of 6%. ... Fiscal deficit is targeted at 6.8% of GDP in 2021-22, down from the revised estimate of 9.5% in 2020-21 (4.6% in 2019-20)

Explanation:

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