Economic Survey 2020-2021

The Economic Survey 2020-21, authored by a team led by Chief Economic Adviser Krishnamurthy Venkata Subramanian, details the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth.

  • The economy, which was battered by the coronavirus lockdown, is expected to see a strong recovery in the 2021-22 fiscal year.
  • The gross domestic product (GDP) contracted by a record 23.9% in April-June and by 7.5% in the second quarters
  • For the full fiscal, the survey projected a contraction of 7.7% and V-shaped recovery in the next.
  • GDP growth is seen expanding by 11% in the 2021-22 fiscal (April 2021 to March 2022).

Economic Survey is being published in two Volumes as follows:

Key Highlights of the Economic Survey 2020-21Download
Economic Survey 2020-21: Volume IDownload
Economic Survey 2020-21: Volume IIDownload
Statistical AppendixDownload


2Saving Lives and Livelihoods amidst a Once-in-a-Century CrisisDownload
3Does Growth lead to Debt Sustainability? Yes, But Not Vice- Versa!Download
4Does India’s Sovereign Credit Rating Reflect Its Fundamentals? No!Download
5Inequality and Growth: Conflict or Convergence?Download
6Healthcare takes Centre Stage, Finally!Download
7Process ReformsDownload
8Regulatory Forbearance an emergency medicine, not staple diet!Download
9Innovation: Trending Up but Needs Thrust, Especially from the Private SectorDownload
10JAY Ho! PM‘JAY’ Adoption and Health outcomesDownload
11The Bare NecessitiesDownload


2State pf the Economy in 2020-21: A Macro ViewDownload
3Fiscal DevelopmentsDownload
4External SectorDownload
5Monetary Management and Financial IntermediationDownload
6Prices and InflationDownload
7Sustainable Development and Climate ChangeDownload
8Agriculture and Food ManagementDownload
9Industry and InfrastructureDownload
11Social Infrastructure, Employment and Human DevelopmentDownload