New Delhi, January 31: Union Finance Minister Nirmala Sitharaman on Monday tabled the Economic Survey 2021-2022 on. the floor of the Lok Sabha
According to the Economic Surveym over the last 6 years, startups in India have grown remarkably most of which belong to Services Sector.
As per the survey, more than 61,400 startups have been recognized in India as of January 10, 2022. Further, 44 startups have gained the status of ‘unicorn’ in 2020-21.
The number of patents filed in India has gone up to 58,502 in 2020-21 from 39,400 in 2010-11 and the patents granted in India has gone up to 28,391 from 7,509 during the same period,” noted the Survey.
This brings out that intellectual property, specifically patents were key to knowledge-based economy.
Further, services sector contributed over 50% to India’s GDP, highlighted the Economic Survey 2021-22.
The survey also noted a steady recovery during the first half of the current fiscal year. “Overall, the Services Sector grew by 10.8% Year on Year (YoY) in first half (H1) 2021-22”, stated the Survey.
As per the Economic Survey, India’s GDP is projected to grow at 9.2 per cent in 2021-2022.
On Tuesday, the union finance minister Nirmala Sitharaman will present the Union Budget 2022-2023.
The union budget session of parliament will be held from January 31- February 11 and the second part of the session is scheduled to begin from March 14 to April 8.
