India poised for double-digit growth this fiscal
After the coronavirus, the Indian economy finally gets stronger. The economy is going to register a double number growth in the current fiscal and disinvestment looks better. This statement is in accordance with Niti Aayog Vice President Rajiv Kumar.
He was also hopeful that our country is prepared in a far better manner in care there is a COVID wave as states have also their lessons from the other two waves.
Kumar said that “We are now hopefully getting past our (COVID-19) pandemic… and the economic activities will be strengthened as we get into the second half of this (fiscal) year given what I have seen for example various indicators, including the mobility indicators.’’
The Niti Aayog Vice-Chairman exuded confidence that economic recovery is going to be ‘very strong.’The economy had contracted by 7.3% in FY21
Indication of the possibility of a strong rebound RBI has pegged growth at 9.5% in the current fiscal year ending on March 31, 2021 Kumar responded to queries on COVID Wave that they are much prepared if a situation like that comes up.
According to the 2021-22 budget, the government’s borrowing was estimated at Rs.12.05 crores. He also said that “ And that this is perhaps a temporary phenomenon and we will go back to inflation level within the target range of RBI’