The Economic Survey presented in the Vidhan Sabha by Chief Minister Sukhvinder Sukhu on Thursday pegged the GDP at constant prices (2011-12) in Financial Year 2022-23 at Rs 1,34,576 crore against a provisional GDP estimate of Rs 1,26,433 crore for 2021-22.
The projected growth showed a decline compared to the 9.1 percent growth in 2021-22.Deputy Chief Minister Devendra Fadnavis who also holds the finance portfolio tabled the survey report for 2022-23 in the Assembly on Wednesday, a day ahead of the state Budget.
The agriculture and allied activities sector will grow by 10.2 per cent in the state, as per the survey tabled by state finance minister Devendra Fadnavis in the Assembly on the eve of the presentation of the Budget.
The Reserve Bank of India is encouraging fintech companies to create innovative solutions for Central Bank Digital Currencies (CBDCs) that can be accessible to citizens without internet access.
The higher budgetary allocations are necessary to help MoRTH meet the target of 25,000 km target announced by the government in the 2022-2023 budget, amid rising interest expenses and increasing land acquisition costs.
The focus will be on animal husbandry, dairy and fisheries, the finance minister said.
The Central government proposes to enhance regional air connectivity by reviving 50 infrastructure facilities, Union Finance Minister Nirmala Sitharaman said in her budget speech on Wednesday.
A round-up of the biggest articles from newspapers.
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
If asset monetisation revenues are used to reduce public sector debt, the sovereign credit rating will improve, leading to a lower cost of capital, the Economic Survey 2022-23 says
The survey also highlighted the need to harness education and skilling, dismantling LIC – License, Inspection and Compliance as the other focus areas for India to realise its potential.
The CEA’s optimism isn’t entirely misplaced, but there are also challenges and the economic survey falls short of lighting a clear path to handle these.
Economic Survey 2023: According to Nageswaran, the uncertainties with respect to the oil market are "tremendous"
West Bengal and Assam have been identified as the states with the most navigable inland waterways at 4,500 km and 2,000 km, the survey says
Economic Survey 2023: To meet India’s long-term target of achieving net-zero emissions by 2070, “tens of trillions of US dollars” will be required, it said
Space tech start-ups are expecting higher allocation for Indian National Space Promotion and Authorisation centre (In-SPACE) and Defence Space Agency in Budget 2023
Economic Survey 2023: A total of Rs 1,458 crore has been spent as capital expenditure for the development of the PM Gati Shakti digital platform.
India’s economic resilience powered by a domestic stimulus: Economic Survey
The Survey points to domestic consumption as one of the key pillars supporting growth in the near future, as exports are expected to moderate
ECLGS was launched with a corpus of Rs 4.5 lakh crore that was subsequently enhanced to Rs 5 lakh crore, with a special focus on enterprises in hospitality and related sectors.
In FY22, investments worth Rs 47,500 crore were made under various Production Linked Incentive schemes, which is 106 percent of the year's target
There is a need to broaden the horizon of measuring work to include the value of women’s unpaid domestic chores.
Consumer price inflation is expected to average 6.5% in FY23. The RBI projects retail inflation at 5% for Q1FY24 and 5.4% for Q2FY24.
The last time the rupee went past the 82 mark against the US dollar was on January 10
The survey said that the Indian civil aviation market has great potential due to the growing demand from the middle class, growth in population and tourism