Q.3 The Indian economy is expected to expand at 9.2 per cent in 2021-22 as per the first advance estimate (FAE). What does the GDP data tell us about the state of the economy that could influence budget priorities for FY 22-23? (10 Marks)

Mentor’s comment- https://indianexpress.com/article/opinion/columns/what-gdp-data-says-about-economy-7714993/ In the intro, mention the FAE. In the body mention the factors that could lead to changes in the first advanced estimate. In the next part mention factors such as weak consumption demand, weak recovery in sectors such as construction, ┬átrade, hotels, tourism and other contact-based services, which are also labour-intensive. Also … Continue reading Q.3 The Indian economy is expected to expand at 9.2 per cent in 2021-22 as per the first advance estimate (FAE). What does the GDP data tell us about the state of the economy that could influence budget priorities for FY 22-23? (10 Marks)