Budget 2021: Prime Minister Narendra Modi to discuss budget with economists today, focus on 2022-22

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Budget 2021: Prime Minister Narendra Modi is going to meet economists and experts on the 2021 budget today. The meeting will be attended by Finance Minister Nirmala Sitharaman, State Minister for Finance Anurag Tagore, NITI Income Vice-Chairman Rajiv Kumar and NITI Commission Chief Executive Officer (CEO) Amitabh Kant.

Budget 2021: Prime Minister Narendra Modi is going to meet economists and experts on the 2021 budget today. The meeting will be attended by Finance Minister Nirmala Sitharaman, State Minister for Finance Anurag Tagore, NITI Income Vice-Chairman Rajiv Kumar and NITI Commission Chief Executive Officer (CEO) Amitabh Kant. Apart from these, the meeting will be attended by top economists and experts Arvind Panagaria, KV Kamat, Rakesh Mohan, Shankar Acharya, Shekhar Shah, Arvind Birmani and Ashok Lahiri.

Prime Minister Modi will also discuss how to deal with the problems facing the economy due to the COVID-19 epidemic (COVID-19). This meeting will be conducted through a virtual meeting. Significantly, the General Budget will be presented on February 1, 2021. Meanwhile, the National Statistics Office (CSO) in its first advance estimate of national income released on Thursday has forecast a 7.7 per cent decline in the Indian economy in the current financial year. In this regard, the Kovid-19 epidemic has been blamed for the contraction in the Indian economy.

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According to the NSO, contraction has occurred in almost every sector except agriculture in the current financial year. The manufacturing sector is expected to contract at 9.4 per cent in the current financial year, which is almost flat with a growth of 0.03 per cent in the same period last year.

Let us tell you that in FY 2020-21, agricultural growth has increased by 3.4 percent. However, for the fiscal year 201 F-1Y, it is estimated to be less than four percent. NSO estimates record contraction in mining, trade, hotel, transport, communications and broadcasting services in the current financial year. The country’s economy contracted by 23.9 percent in the first quarter of the current fiscal year and 7.5 percent in the second quarter. However, it is not yet known what is available to the public in this budget.

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Budget 2021: Prime Minister Narendra Modi to discuss budget with economists today, focus on 2022-22
Budget 2021: Prime Minister Narendra Modi to discuss budget with economists today, focus on 2022-22
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