Test: Economic Survey 2020-21: 3 - UPSC MCQ

Moody’s has assigned a sovereign rating of Baa3 to India, the lowest investment grade rating

According to Economists, V-shaped recovery is a type of economic Recession and Recovery. (Recession - due COVID-19 Pandemic and Recovery by COVID-19 Vaccination & other factors)

The Economic Survey 2021 showed that an increase in public health spending from 1% to 2.5% of GDP, as envisaged in National Health Policy-2017 can reduce out-of-pocket spend from 65% to 30% of overall healthcare spending. The annual survey noted that the emphasis on the National Health Mission should continue as it has played a critical role in giving increased access of the poorest to pre-natal & post-natal care, & institutional deliveries.

The Economic Survey 2020-21 has been dedicated to all the COVID-19 warriors, who have helped in upholding India. The cover of the economic survey shows these COVID warriors including the nurses, doctors and scientists who have helped in developing the vaccine in record time and sanitation workers who have come together in the time of adversity to uphold India. 

S&P has assigned a BBB(-) rating to India, the lowest investment grade rating awarded by the agency.

The cover of the Economic Survey 2020-21 shows a v-shaped recovery that has happened in the Indian economy during the last year. The annual document credited the recovery to India’s decision to impose a stringent national lockdown in the early stage of the pandemic.

The cover of the Economic Survey 2020-21 shows a v-shaped recovery that has happened in the Indian economy during the last year. The annual document credited the recovery to India’s decision to impose a stringent national lockdown in the early stage of the pandemic. The survey stated that India recognised that early intense lockdown not only saves more human lives but also enables a quicker economic recovery.

India ranked 48th in Global Innovation Index 2020, ranking first in Central and South Asia, and third amongst lower middle-income group economies.

The Economic survey team had research to show how much could have been vs what actually happened. The research showed that India has done really well when it comes to the actual number of COVID-19 cases by avoiding around 37 lakh cases and about one lakh deaths. The team, however, ranked Maharashtra as an underperformer both in the number of cases and deaths. 

The Economic survey team had research to show -What could have been vs what actually happened. The research showed that India has done really well when it comes to the actual number of COVID-19 cases by avoiding around 37 lakh cases and about one lakh deaths. The team, however, ranked Maharashtra as an underperformer both in the number of cases and deaths. 

Pradhan Mantri Jan Arogya Yojana (PM-JAY) – the ambitious program launched by Government of India in 2018 to provide healthcare access to the most vulnerable sections demonstrates strong positive effects on healthcare outcomes in a short time.