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How key economic estimates are likely to pan out in Budget 2021-22

The nominal GDP growth that the finance ministry assumes in the Budget for 2021-22 would be a key factor in determining various key figures such as revenue, expenditure and fiscal deficit. The first advance estimates pegged growth in GDP at current prices at -4.2 per cent or Rs 194.82 trillion for the current financial year on the base of Rs 203.39 trillion in 2019-20. Economists have varied view on the GDP growth for the next financial year. They pegged the growth at current prices to be in the range of 11-15.5 per cent. For instance, D K Srivastava, chief policy advisor, EY.....

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