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OECD PASSAGE
As per Economic Survey 2020-21, India’s real GDP to record a 11.0% growth in FY2021-22 and nominal GDP to grow by 15.4% – the highest since independence due to: (2 Marks)
continued normalization in economic activities as the rollout of Covid-19 vaccines gathers traction
subdued retail inflation in India, which will give the Reserve Bank of India the room to drop the policy rates and engender conditions to stimulate economic growth.
low fuel and energy prices that will give an edge to Indian industry.
record high consumer sentiments among Indian households.
All the above
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