INSUBCONTINENT EXCLUSIVE:
that the GDP for 2021-22 is seen at 9.5 per cent
This has been arrived at, keeping in mind all positive aspects which have been visible despite the Coronavirus pandemic, like the corporate
of the GDP is to be 18.5 per cent in the first quarter, 7.9 per cent in the second quarter, 7.2 per cent in the third quarter and 6.6 per
projections given on Friday.Mr Das during his almost half an hour long speech said that the GDP projections were based on certain positive
and businesses were adapting to pandemic working conditions
accommodative and supportive of economic activity
Moreover, the vaccination process is expected to gather steam in the coming months and that should help to normalise economic activity," the
export sector."Global demand conditions are expected to improve further buoyed by fiscal stimulus packages and the fast progress of
vaccination in advanced economies
India's exports in March, April and May 2021 have launched into an upswing
Conducive external conditions are forming for a durable recovery beyond pre-pandemic levels," Mr Das said further.Keeping these factors in
It is opportune now to give further policy push by focusing on quality and scalability."Therefore, notwithstanding the sequential decline of
the indicators of rural demand in April, rural demand is expected to remain strong as forecast of a normal monsoon bodes well for sustaining
its buoyancy going forward
The increased spread of COVID-19 infections in rural areas, however, poses downside risks
Taking all these factors into consideration, real GDP growth is now projected at 9.5 per cent in 2021-22," he said.
