Foreword
One of the most distressing years by far, 2020 marked the year
of a deadly pandemic that drastically impacted health, businesses,
and communities across the globe. The Indian economy also got
battered due to the subsequent lockdown which exposed gaps in the
supply chain and delays in working around the social distancing
norms. Critical indicators such as de-growth in the economy,
contraction in GDP, widening of fiscal deficit, and high inflation
have highlighted the severe strike on the economy in the past
year.
But as it is said, 'There is hope after despair and many
suns after darkness', similarly, the Indian economy has started
showing signs of recovery. Faced with the daunting twin tasks of
pulling back the economy from the clutches of de-growth, a slew of
fiscal and non-fiscal measures were taken during the year to
rebound the economy from the aftermath of the pandemic. This is
evidenced by the pre-budget Economic Survey's projection of 11%
growth in
