Economic Survey 2023 LIVE: Finance Minister Nirmala Sitharaman set to present Economic Survey in Parliament today

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India’s economy has rebounded since the COVID-19 pandemic, but the Russia-Ukraine conflict has triggered inflationary pressures and prompted central banks, including India’s, to reverse the ultra-loose monetary policy they adopted during the pandemic

Growth in the financial year beginning April 1 will remain strong relative to most global economies, led by sustained private consumption, a pick-up in lending by banks and improved capital spending by corporations, the survey will likely say, reports Reuters

What happened last year?

  • Last year’s survey had predicted India’s economy to grow at 8-8.5%
  • It also said that India is well placed to meet the future challenges on the back of widespread vaccine coverage, supply-side reforms and easing of regulations.

According to a Reuters report, the Eco Survey is going to peg India’s growth at 6-6.8% for 2023-24, the slowest in three years, with nominal GDP estimated at 11%

With the Union Budget for 2023-24 set to be presented tomorrow, the Eco Survey lays the foundation for the Finance Minister’s presentation on February 1

Formulated under the Chief Economic Advisor, V Anantha Nageswaran, the survey is set to provide insights into the country’s economic situation over the past year

Finance Minister Nirmala Sitharaman is set to release the document during the Budget Session of Parliament today

Hello! Welcome to ET’s coverage of the release of the Economic Survey for 2022-23

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