Question

Q20 Investors were
over the expectation of strong growth in the 2 point
Indian economy in the light of the Finance Minister's projection of a
outlook for the economy, in his first quarterly statement on the
economy and the budget.​

Answer 1

Explanation:

India's real gross domestic product (GDP) is expected to grow by 11% in 2021-22 on the back of nationwide vaccine drive to prevent the coronavirus outbreak, the Economic Survey 2020-21 predicted. For 2020-21, the economy is expected to contract by 7.7%, the survey said. This is in line with the forecasts by the central bank, most international agencies and private experts. The Reserve Bank of India (RBI) had in December said it expected the country’s GDP to contract 7.5% in the year ending 31 March, 2021.

The Economic Survey 2020-21 also predicted "V-shaped" economic recovery for the nation, spurred by COVID-19 vaccination programme. The survey also cautioned that it would take at least two years to revert to pre-pandemic gross domestic levels.