Dr. VP Singh quoted in 'Union Budget 2022: Experts suggest More Funds for Education as COVID-19 increased Cost' - Careers360
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On 2022 pre-budget expectation, VP Singh, Professor of Economics and PGDM Program Director, Great Lakes Institute of Management, Gurgaon, said: “Given the unrelenting COVID -19 menace, the government needs to spend a lot”.
"Keeping in line with the fiscal glide path, the budget may run a deficit of 5.5%. The first advance estimates from NSO show that India’s nominal GDP for 2021-22 maybe Rs 232.15 lakh crore. This means that the government will be constrained to run a deficit of only Rs 12.76 lakh crores in comparison to Rs 15.06 lakh crore in 2020-21."
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