Macroeconomic Forecasts and Fiscal Policy Challenge
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Abstract
The Indian economy grew by 8.7% in FY 2021-22. However, this apparently robust growth was mainly attributable to the base effect of a pandemic driven (-) 6.6% contraction in 2020-21. The level of economic activities in 2021-22 was actually just 1.6 percent higher than the pre-pandemic activity level of 2019-20, implying an average annual growth rate of only 0.8% for the two year period 2020-22. Read more & Comment…
Type
Publication
NIPFP: Policy Briefs
NIPFP Policy Briefs.
Nayak, D.K.
Economist
My research interests include Fiscal Risk Analysis; Public Finance issues in Union, States and Local Bodies; Public Policy and Impact Evaluation; Growth, Inflation and External Sector Analysis; Financial Globalisation; Agrarian Change; Inequality and Regional Disparity.