• InduQin

In 10 charts: State of Indian economy ahead of Union Budget 2022

The PM Narendra Modi-led BJP government is all set to present its 10th Union Budget since coming to power in 2014.


In this year's budget, the focus will largely be on the measures announced by the government to fasten the pace of economic growth.


India's economy had been faltering even before the Covid-19 pandemic struck. The pace of growth had slowed down and output had started declining.


The Covid-19 pandemic pushed gross domestic product (GDP) to its worst levels ever. India experienced its first ever technical recession in financial year 2020-21 with two successive quarters of negative growth.


However, the arrival of Covid vaccines and consequent fall in cases led to gradual easing of restrictions and business activities started to resume.


As a result, the economy grew by 20.1 per cent in the first quarter (Q1) of FY22, mainly on account of low base effect and has remained in the positive zone since. India's GDP for second quarter of FY22 came in at 8.4 per cent.

Read More at https://timesofindia.indiatimes.com/business/india-business/in-10-charts-state-of-indian-economy-ahead-of-union-budget-2022/articleshow/89226795.cms

4 views0 comments