Business Standard

How key economic estimates are likely to pan out in Budget 2021-22

Business Standard presents two scenarios on revenues, expenditure and fiscal deficit, based on two different assumptions of the country's GDP the next financial year

gdp, growth, forecast, profit, economy, manufacturing
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Indivjal Dhasmana New Delhi
The nominal GDP growth that the finance ministry assumes in the Budget for 2021-22 would be a key factor in determining various key figures such as revenue, expenditure and fiscal deficit.

The first advance estimates pegged growth in GDP at current prices at -4.2 per cent or Rs 194.82 trillion for the current financial year on the base of Rs 203.39 trillion in 2019-20.

Economists have varied view on the GDP growth for the next financial year. They pegged the growth at current prices to be in the range of 11-15.5 per cent.

For instance, D K Srivastava, chief policy

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First Published: Jan 20 2021 | 4:04 PM IST

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