The government tabled the Economic Survey in the Parliament ahead of the annual Budget on February 1. Here are the key takeaways from the survey
India's economy is projected to grow 6.5 per cent in 2023-24 in real terms, said the survey. It said that the actual outcome for real GDP will probably lie in the range of 6-6.8 per cent
As per the Economic Survey 2023, with real GDP growth in the range of 6-6.8 per cent, India is set to remain the fastest growing major economy in the world
India’s growth is driven by private consumption, higher capex, strengthening corporate balance sheet, credit growth to small businesses and return of migrant workers to cities, according to the survey
Economy has nearly ''recouped'' what was lost, ''renewed'' what had paused, and ''reenergised'' what had slowed during the pandemic and since the conflict in Europe, claimed the survey
The report highlighted that the challenge to rupee depreciation persists with the likelihood of further interest rate hikes by the US Fed. If CAD widens further, rupee may come under depreciation pressure
The Economic Survey 2023 assured that India has sufficient forex reserves to finance CAD and intervene in forex market to manage rupee volatility
India's economic resilience has helped it withstand the challenge of mitigating external imbalances caused by the Russia-Ukraine conflict without losing growth momentum, claimed the report
The Economic Survey 2023 report said that the stock market gave positive returns in calendar year 2022 unfazed by FPI withdrawal. It also highlighted that India withstood extraordinary set of challenges better than most economies