{"id":107919,"date":"2021-02-04T07:41:26","date_gmt":"2021-02-04T07:41:26","guid":{"rendered":"https:\/\/www.edristi.in\/?p=107919"},"modified":"2021-02-04T07:41:36","modified_gmt":"2021-02-04T07:41:36","slug":"economic-survey-2020-21","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/economic-survey-2020-21\/","title":{"rendered":"Economic Survey 2020-21"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Question : On 29 January 2021, Union Finance Minister Nirmala Sitharaman presented the Economic Survey 2020-21 in Parliament. Consider the following statements related to this &#8212;<br>(1) As per the advance estimates, India\u2019s GDP is estimated to grow by (-) 7.7% in FY21<br>(2) Economy will grow in \u2018W\u2019 shape due to Comprehensive Immunization Campaign\u201a rapid improvement in service sector and rapid growth in consumption and investment.<br>(3) In FY 2021-22, India&#8217;s real GDP growth rate will be 11 percent and nominal GDP growth rate will be 15.4 percent.<br><\/strong>(a) Only (1) and (3)<br>(b) Only(2) and (3)<br>(c) Only(3)<br>(d) All above<br><strong>Ans.(a)<br>Related facts<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>On 29 January 2021, Union Finance Minister Nirmala Sitharaman presented the Economic Survey 2020-21 in Parliament.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Highlights<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Highlights of the ES(Economic Survey) is given below &#8212;<br>As per the advance estimates, India\u2019s GDP is estimated to grow by (-) 7.7% in FY21.<\/li><li>V-shaped recovery, as seen in 7.5% decline in GDP in Q2 and recovery across all key economic indicators vis-\u00e0-vis the 23.9% GDP contraction in Q1.<\/li><li>Global economic output estimated to fall by 3.5% in 2020 (IMF January 2021 estimates)<\/li><li>India\u2019s real GDP to record a 11.0% growth in FY2021-22 and nominal GDP to grow by 15.4% \u2013 the highest since independence:<\/li><li>Rebound to be led by low base and continued normalization in economic activities as the rollout of COVID-19 vaccines gathers traction.<\/li><li>Exports expected to decline by 5.8% and imports by 11.3% in the second half of FY21<\/li><li>India expected to have a Current Account Surplus of 2% of GDP in FY21, a historic high after 17 years.<\/li><li>On supply side, Gross Value Added (GVA) growth pegged at -7.2% in FY21 as against 3.9% in FY20:<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Agriculture set to cushion the shock of the COVID-19 pandemic on the Indian economy in FY21 with a growth of 3.4%<br>Industry and services estimated to contract by 9.6% and 8.8% respectively during FY21.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The share of Agriculture and Allied Sectors in Gross Value Added (GVA) of the country at current prices is 17.8% for the year 2019-20 (CSO-Provisional Estimates of National Income, 29th May, 2020)<\/li><li>Total food grain production in the country in the agriculture year 2019-20 (as per Fourth Advance Estimates), is 11.44 million tonnes more than than during 2018-19<\/li><li>FDI equity inflows were US$49.98 billion in FY20 as compared to US$44.37 billion during FY19:<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">It is US$30.0 billion for FY21 (up to September-2020)<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Despite the disruptions being witnessed globally, FDI inflows into India\u2019s services sector grew robustly by 34% Y-o-Y during April-September 2020 to reach US$ 23.6 billion<\/li><li>India\u2019s services sector contracted by nearly 16 % during H1: FY2020-21, during the COVID-19 pandemic mandated lockdown, owing to its contact-intensive nature<\/li><li>The services sector accounts for over 54 % of India\u2019s GVA and nearly four-fifths of total FDI inflow into India<\/li><li>The sector\u2019s share in GVA exceeds 50% in 15 out of 33 States and UTs, and is particularly more pronounced (greater than 85%) in Delhi and Chandigarh<\/li><li>Services sector accounts for 48% of total exports, outperforming goods exports in the recent years<\/li><li>India&#8217;s GNI per capita (2017 PPP $) has increased from US$ 6,427 in 2018 to US$ 6,681 in 2019<\/li><li>Life expectancy at birth improved from 69.4 years in 2018 to 69.7 years in 2019<\/li><li>Gross Capital Formation (GCF) relative to GVA showing a fluctuating trend from 17.7 % in 2013-14 to 16.4 % in 2018-19, with a dip to 14.7 % in 2015-16<\/li><\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong>By &#8212; Pankaj Pandey.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Link:<\/strong><br><a href=\"https:\/\/pib.gov.in\/PressReleasePage.aspx?PRID=1693231\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pib.gov.in\/PressReleasePage.aspx?PRID=1693231<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question : On 29 January 2021, Union Finance Minister Nirmala Sitharaman presented the Economic Survey 2020-21 in Parliament. Consider the following statements related to this &#8212;(1) As per the advance estimates, India\u2019s GDP is estimated to grow by (-) 7.7% in FY21(2) Economy will grow in \u2018W\u2019 shape due to Comprehensive Immunization Campaign\u201a rapid improvement [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":107920,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-107919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/107919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=107919"}],"version-history":[{"count":1,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/107919\/revisions"}],"predecessor-version":[{"id":107921,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/107919\/revisions\/107921"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/107920"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=107919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=107919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=107919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}