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, trade, hotels, tourism and other contact-based services, which are also labour-intensive. Also mention that investment in dominated by government investment etc. The normalisation of monetary policy in the US and Europe could also pose challenges for India
Conclude by mentioning that upcoming budget for the next fiscal year will show us how the government intends to create and use the fiscal space.

Comments

3 responses to “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)”

January 11, 2022

Jyoti Singh

Kindly evaluate my answer

January 19, 2022

Staff @CD

Jyoti

Please mention reference Id for reviews.

Introduction is good. Next part about factors that might change the estimates are also good.
Points in factors influencing budget priorities are also good.
Nice that you have mentioned data at adequate places.
In last section about budget priorities you can add paying attention bto execution, setting attainable divestment targets and focus on reducing deficits in medium run.
Conclusion is good.
Overall nice attempt, especially content is good. You can improve the presentation a bit by making flowcharts etc to address some parts of the answer.
Keep practicing. 🙂

5.5/10

January 25, 2022

Likhitha Patil

Ref id: 0000513717
@Staff CD
Kindly review my ans

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)

Comments

3 responses to “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)”

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