Usa India pandemic economy Government Usa India

Economic Survey 2022 highlights: GDP estimate to covid disruptions - 10 points

Reading now: 845
www.livemint.com

Economic Survey 2021-22 in Lok Sabha on the first day of the Budget Session of Parliament. India's Gross Domestic Product (GDP) is expected to expand by 9.2 per cent in the current financial year, according to the Economic Survey 2021-22. Economic Survey 2022 highlights: 10 points  -Advance estimates suggest that the Indian economy is expected to witness real GDP expansion of 9.2 per cent in 2021-22 after contracting in 2020-21.

This implies that overall economic activity has recovered past the pre-pandemic levels. -Agriculture and allied sectors have been the least impacted by the pandemic and the sector is expected to grow by 3.9 per cent in 2021-22 after growing 3.6 per cent in the previous year. -The Services sector has been the hardest hit by the pandemic, especially segments that involve human contact.

This sector is estimated to grow by 8.2 per cent this financial year following last year's 8.4 per cent contraction. -Total Consumption is estimated to have grown by 7.0 per cent in 2021-22 with significant contributions from government spending.

Similarly, Gross Fixed Capital Formation exceeded pre-pandemic levels on the back of ramped up public expenditure on infrastructure. -Exports of both goods and services have been exceptionally strong so far in 2021-22, but imports also recovered strongly with recovery in domestic demand as well as higher international commodity prices. -Despite all the disruptions caused by the global pandemic, India’s balance of payments remained in surplus throughout the last two years.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Holly Willoughby - Phillip Schofield - Stephen Mulhern - Phillip Schofield apologises to Dancing on Ice co-stars in emotional Covid battle update - express.co.uk
express.co.uk
45%
883
Phillip Schofield apologises to Dancing on Ice co-stars in emotional Covid battle update
Phillip Schofield, 59, has revealed he’s tried everything to be able to make it to host Dancing on Ice alongside co-star Holly Willoughby, 40, in an emotional Instagram post this morning. The presenter was struck down with Covid earlier this week, meaning he had to pull out of fronting This Morning at the last minute.Phillip was hoping he’d be given the all clear just in time to host Sunday's edition of Dancing on Ice.However, the star has taken to social media to inform his three million followers that despite doing two lateral flow tests “to be absolutely sure”, the results on both have sadly come back positive.Taking a picture of the tests resting on a granite worktop, Phillip wrote today: “Did two tests to be absolutely sure (crying face emoji).”The ITV favourite then took the opportunity to wish his colleague Stephen Mulhern good luck as he steps in to replace him.“Sorry @dancingonice Have an amazing show @stephenmulhern it’s SO much fun x @hollywilloughby.”A spokesperson for Dancing on Ice commented on the news shortly after Phillip’s tearful post.They said: “Sunday's episode of Dancing on Ice will be hosted by Holly Willoughby and Stephen Mulhern while Phillip Schofield continues to self-isolate."A source also told The Mirror of Phillip’s replacement: "Phil is off recovering, Stephen was delighted to be asked to step in to fill his shoes and present alongside Holly."He gets on with everyone so bosses are more than happy for him to step up. “Everyone's wishing Phil a quick recovery and hoping to see him back in his rightful place later this month.”Phillip confirmed he had tested positive for Covid after a busy time last weekend.He had been out and about attending the theatre alongside his estranged wife Stephanie
DMCA