The Economic Survey 2022, to be tabled later today by the government in Parliament, is likely to keep FY22 GDP forecast between 9 percent and 9.5 percent, sources told CNBC-TV18. It is also likely to project FY23 GDP around 9 percent, they added.
The Survey is also expected to strongly hint at inflation risks to the economy, and the need for consumption-based growth, issues which had become major headaches for policymakers, even before the Covid-19 pandemic began.
The survey outlines the government’s vision for diverse areas such as agriculture, industry, infrastructure, services, social development, employment, and even climate change. The survey also reviews developments in India’s fiscal, monetary management, inflation, financial intermediation, banking, and external sectors over the previous financial year.