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Economic Survey 2020-21 said to forecast FY22 growth at close to 11%

Updated : January 29, 2021 08:06 AM IST

This year's Economic Survey captures the impact of COVID-19-induced lockdown on the economy.

The Economic Survey 2020-21, which will be presented in the Parliament by Finance Minister Nirmala Sitharaman today, has forecast India's FY22 growth at close to 11 percent, sources told CNBC-TV18.

This year's Economic Survey captures the impact of COVID-19-induced lockdown on the economy.

Among the key figures to be tracked in the Survey are gross domestic product (GDP) growth projections for 2021-22 and estimates for the current year (2020-21) as these will reflect the pace at which the government expects the economy to show a firm recovery.

The Survey will also outline a roadmap for the rival of the Indian economy. Another important element of the Survey will be a roadmap for the 5 trillion economy.

According to the sources, who did not want to be named, the Economic Survey 2020-21 sees a resurgence and recovery in multiple sectors and economic indicators including power, steel, GST collections, rail freight and e-way bills.

The Economic Survey maintains that the measures taken to save lives and curb the virus have helped the economy, the sources said.

The Economic Survey can be seen as a report card of the country's economic health that provides detailed statistical data covering all aspects.

The Economic Survey highlights the economic trends in the country and facilitates a better appreciation of the mobilisation of resources and their allocation in the budget, according to the government.

This survey analyses the trends in agricultural and industrial production, infrastructure, employment, money supply, prices, imports, exports, foreign exchange reserves and other relevant economic factors that have a bearing on the budget.

The Economic Survey is usually presented by the FM a day before the Union Budget, however, this year, due to the Budget Day being right after a Sunday, the Survey is being brought earlier.

The Union Budget will be presented by the FM on February 1 at 11 am.

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