 "economic recovery, revival, economy, growth, gdp, marketroads, construction, highways, NHAI,")
The Economic Survey 2020-21 released on Friday set the tone for the Union Budget 2021-22, to be presented on Monday.
The Survey batted for a bold fiscal expansion to make the economic recovery more broad-based. Economists are already factoring in a fiscal deficit of about 7.5 per cent of gross domestic product (GDP) in 2020-21, based on its level till December 2020, and an increase in government spending. If the government keeps the fiscal deficit at 6 per cent of GDP, it would be able to borrow close to Rs 13 trillion in 2021-22 (chart 1), which could help stimulate
