Union Government today said that country’s V-Shaped Economic Recovery happened due to Mega Vaccination Drive, Robust Recovery in the Services Sector and Robust Growth in Consumption and Investment. Speaking to reporters, Chief Economic Adviser K. Subramanian said, V-Shaped Recovery is due to Resurgence in High Frequency Indicators Such as Power Demand, Rail Freight, E-Way Bills, GST Collection and Steel Consumption.
The Economic Survey said, India is to become the Fastest Growing Economy in next two years as per the International Monetary Fund (IMF). India is to have a Current Account Surplus of two per cent of GDP in financial year 2021, a historic high after 17 years.
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