The budget session of Parliament has started.
After the President’s address on the first day, Union Finance Minister Nirmala Sitharaman presented the Economic Survey 2020-21 report to the House.
It said that according to the International Monetary Fund, the actual growth rate in FY 2021 is estimated to be minus 7.7 percent, while the actual growth rate in 2022 is estimated at 11.5 percent.
This report states that India’s independent credit rating does not meet the standards. The fifth largest economy in the world cannot be given Triple B (BBB) grade.