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