Expectations should be tempered when we talk of growth next year. As there will be a revival in economic activity on all ends which will probably bear fruit in 2022-23 — FY 2021-22 will be a year of consolidation. In light of this, examine the policy architecture set in by the government and the central bank. 10 marks

Mentor’s comment-

https://indianexpress.com/article/opinion/columns/economic-survey-union-budget-rbi-credit-policy-nirmala-sitharaman-indian-economy-7198562/
In the body, mention the large borrowing programme of Rs. 12.8 lakh crore.
In the body mention the Atmanirbhar Bharat and focus on infrastructure in the Budget, the continuation of accommodative policies by the RBI, the threat of inflation, concerns on investment and consumption.
Conclude by mentioning the role this year’s budget could play in the consolidation of economy.