The Economic Survey for 2022-23 has forecast real GDP growth for next year at 6.5 percent. But going by the recent performance of these forecasts, actual growth may undershoot the forecast again
Economic Survey 2023: According to Nageswaran, the uncertainties with respect to the oil market are "tremendous"
The document, prepared by a team of economists led by chief economic adviser V Anantha Nageswaran, analyses developments in the economy in the past year and makes projections for the following year.
Economic Survey 2023: Other countries have seen a “significant” rise over the same years, according to the Survey
The ratio is estimated to decline to 84.5 percent of GDP by end-March 2022
The Economy survey for 2022-23 has projected India’s GDP growth for the next fiscal 2023-24 in a range of 6-6.8 percent.
The Economic Survey is a flagship document of the central government that delves into the key details of Indian economy and lays out path for the future trajectory. It also flags risks that could be a challenge for the economy.
The Economic Survey said growth next year will be in the range of 6-6.8 percent, "depending on the trajectory of economic and political developments globally".
This would be the first time V Anantha Nageswaran, Chief Economic Adviser (CEA) of India, will be presenting the Economic Survey 2022-2023 in his tenure. He believes the document gives a bird's eye view of economy to its citizen.
The stressed advances ratio of scheduled commercial banks increased from 7.9 per cent at the end of September 2020 to 8.5 per cent at the end of September 2021, the government's annual pre-budget survey released on January 31 said
This time, FM Nirmala Sitharaman will table the Economic Survey for 2021-22 in the Lok Sabha on Monday soon after the President's Address to both Houses of Parliament. She will present the Union Budget for the next financial year beginning April 1, 2022, on Tuesday.