Aga Khan Economic Planning Board for India
State of the Economy and MSMEs
State of the Economy – February 2021
India’s economy is recovering at a better-than-expected pace with an uptick in consumer confidence and growth seen in businesses seen across technology, healthcare and exports. Ratings agency S&P Global in its latest report has predicted that the Indian economy will grow at 10% in Fiscal 2022 attributing consistently good agriculture performance, a flattening of the Covid-19 curve and a pickup in government spending as key contributors. Having said that, the report also talks about Covid-19 vaccination as critical to India`s recovery and as key to normalizing demand.
AKEPB,I Update: Highlights of the Union Budget
India's GDP contracted sharply by a record 23.9% in the April-June 2020 quarter because of the nation-wide lockdown imposed by the government. This quarter is the first instance of economic contraction for the country in the last four decades. In June, the International Monetary Fund announced that India’s GDP could decline by
4.5% in financial year 2020-’21 and bounce back to grow at 6% in 2021-’22.
The Covid19 economic scenario has made finding a job tougher for job seekers. To help you through this process, here’s a quick guide for everyone from freshers to experienced professionals.