COVID-19 has adversely impacted the global economy and have not spared the Indian economy. As per the International Monetary Fund (IMF), the Indian economy is estimated to contract by 8% in FY 2020-21 which is higher than the decline of 7.7% projected by the Government’s advance estimates. However, the silver lining is that the IMF expects a growth rate of 11.5% in the FY 2021-22 and 6.8% in FY 2022-23, making India regain the tag of fastest growing economy in the world in both the years.COVID-19 has adversely impacted the global economy and have not spared the Indian economy. As per the International Monetary Fund (IMF), the Indian economy is estimated to contract by 8% in FY 2020-21 which is higher than the decline of 7.7% projected by the Government’s advance estimates. However, the silver lining is that the IMF expects a growth rate of 11.5% in the FY 2021-22 and 6.8% in FY 2022-23, making India regain the tag of fastest growing economy in the world in both the years.taxmann.com Latest ArticlesRead More
Union Budget 2021 – Expectations for business reorganization
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- Post published:January 29, 2021
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