Summary of Economic Survey 2022-23

India’s GDP growth rate to be 6.0 to 6.8 percent during 2023-24, depending on global economic and political developments

Economic Survey 2022-23 estimates GDP growth rate to be 6.5 percent on real basis for FY 2024

The economy is projected to grow at 7 percent (real) for the year ending March 2023, up from 8.7 percent in the previous fiscal.

Credit to the Micro, Small and Medium Enterprises (MSME) sector records a sharp growth of 30.5 per cent on an average basis during January-November, 2022

Central government capital expenditure (capex), which grew by 63.4 per cent during the eight months to FY2023, has been a major driver of growth for the Indian economy for the current year

RBI estimates inflation to be 6.8 per cent for FY23, higher than its target range

The return of migrant workers to construction activities has helped register a significant reduction in the build-up of construction material, which has been in 33 months in Q3 FY2023 as against 42 months in the previous year

May you love to read: The Prime Minister’s address before the commencement of the Budget Session of Parliament

Exports to pick up in FY 2022, production process to witness rapid growth in first half of FY 2023

Private consumption as a percentage of GDP in Q2 FY2023 stood at 58.4 per cent, the highest in Q2 of all years since 2013-14, driven by the strength of connectivity-based services such as trade, hotels and transport. got support

The World Trade Organization estimates that global trade growth will slow to 1.0 percent in 2023 from 3.5 percent in 2022; The survey has underlined the fact.

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