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Budget 2021-22 Flyer Template RGB
Budget 2021-22 Flyer Template RGB
Budget 2021-22 Flyer Template RGB
Reviving India’s
Growth
<<The content, headings, and ideas captured in
this doc presently are just to set a perspective
into what the flyer should come out like. The
content is mostly taken from last years budget to
give an idea of what kind of data can be inserted.
The final call on the data will be taken by the
respective owners. This is just a structure.>>
Snapshot
Economic outlook
Aspirational India,
Economic Development,
Caring Society
Global Economy
As per the IMF’s WEO January 2020, global GDP
growth is projected to be 3.3% in 2020 as against
2.9% in 2019.
• Global trade volume declined by 0.9% during
April-November 2019 as per the CPB World
• Trade Monitor, mainly because of trade tensions
among some of the largest economies.
• Civil unrest in Hong Kong, Middle East and some
countries in South America has impacted global
stability.
Indian economy
India is facing an economic slowdown with GDP growth
estimated at 5% in FY20 as compared to 6.1% in FY19.
GDP growth has fallen for six consecutive quarters,
since Q1 FY19, and is at 4.5% in Q2 FY20. According
to the Consumer Confidence Survey released by the
RBI, consumer sentiment on the general economic and
unemployment scenario has weakened
The agriculture sector is estimated to grow at 2.8% in
FY20, compared to 2.4% in the previous FY.
Manufacturing sector witnessed deceleration, with annual
growth reducing to 2% in FY20 from 5.7% in FY19.
Services sector growth dipped to 6.9% in FY20 from 7.7%
in FY19 with trade, hotels, transport and communication
services registering deceleration of 1.8 percentage points.
Employment: As per the PLFS released in May 2019,
the unemployment rate in India was 6.1% in 2017-18
with higher unemployment in urban areas (7.8%) than
rural areas (5.3%). The unemployment rate among youth
(persons aged 15-29) had been as high as 17.8%.
Fiscal Consolidation
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Key announcements
Overview
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Sanjay Tolia Vivek Prasad
Vikram Doshi