Finance Ministry likely to present new GDP, budgetary targets by July

FinMin has internal estimates for economic growth, but these are subject to revisions

The government will give out new official economic growth and budgetary projections in July or later, only after the worst of the Covid-19 pandemic is behind the country, and there is a greater clarity on its economic impact.

This has come after the Finance Ministry admitted that the projections in the 2020-21 Union Budget and 2019-20 Economic Survey are rendered meaningless due to the Covid-induced slowdown.
 

Senior officials say the ministry does have internal estimates for FY21 gross domestic product (GDP) growth, but these are subject to frequent revisions. Only when there is some finality on the projections will they be