Development Expenditure   Context: The Union Budget for 2022-23has projected a fiscal deficit of 6.4% of nominal GDP, a narrowing from the 6.9% assumed in the revised estimates for the current fiscal year ending on March 31.   Overlook of the Budget: Though every economic crisis involves sharp reduction […]

Economic Survey 2021-2022     Context: The Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman presented the Economic Survey 2021-22 in Parliament today. The highlights of the Economic Survey are as follows:   Current Status: Indian economy estimated to grow by 9.2 percent […]