Economy Witnessing Sustained Recovery, Says Finmin Report

In its latest monthly economic report, the department of economic affairs said the Budget announcements, which have focussed on elevated spending in areas with high-multiplier effect, along with structural reforms and the policy push under the Aatmanirbhar Bharat initiative will bring the economy back on to a “strong and sustainable growth path” in FY22.

The finance ministry on Tuesday said high-frequency indicators — including power consumption, inter-and-intra-state mobility, manufacturing capacity utilisation, business expectations and consumer confidence — in January point at a “sustained and strengthening economic recovery”.

In its latest monthly economic report, the department of economic affairs said the Budget announcements, which have focussed on elevated spending in areas with high-multiplier effect, along with structural reforms and the policy push under the Aatmanirbhar Bharat initiative will bring the economy back on to a “strong and sustainable growth path” in FY22.

Source: Financial Express

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