The Economic Survey has projected a growth rate of 8 percent to 8.5 percent in 2022-23
New Delhi:
The Economic Survey has projected a growth rate of 8 per cent to 8.5 per cent in 2022-23. The document was presented by Finance Minister Nirmala Sitharaman in Parliament on Monday, ahead of presenting the Union Budget tomorrow (February 1).
The Economic Survey (2021–22) focuses on supply-side issues to improve the resilience of the economy.
The economy growth rate projected by the survey for the coming fiscal year is lower than the 9.2 per cent GDP growth rate for the current financial year (2021-22), estimated by the National Statistical Office (NSO) earlier this month in its first year. was put in. Advance estimates of economic output.
The NSO had expressed concern over the possible impact of the third wave of the coronavirus pandemic. GDP declined by 7.3 percent in 2020-21.
The Economic Survey 2021-22 details the state of various sectors of the economy as well as the reforms to accelerate growth.
All the macro indicators indicated that the economy is well prepared to meet the challenges, which has led to a pick-up in agricultural and industrial production growth, the report said.
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