New Delhi, 31 January (HS): After the President’s address, union Finance Minister Nirmala Sitharaman presented the Economic Survey for the financial year 2022-23 in Parliament. The Finance Minister placed the financial account on the table of the House through the Economic Survey. According to the Economic Survey report, the country’s economy is estimated to be 6.5 percent in the financial year 2023-24 as compared to seven percent in the current financial year. However, the economic growth rate in the financial year 2021-22 was 8.7 percent.
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Finance Minister Sitharaman on Tuesday presented the Economic Survey for the financial year 2022-23 in Lok Sabha and Rajya Sabha after President Droupadi Murmu’s address.
There is a possibility of a lower growth rate in the coming financial year. Despite this, India will remain the fastest-growing economy in the world. Sitharaman will present the budget for the upcoming financial year 2023-24 in Parliament on February 1.
According to the Economic Survey, the economy has almost regained what it had lost during the corona pandemic. Growth is supported by domestic demand, and even capital investment is picked up.
The Economic Survey gives an overview of the current state of the economy and suggests policy ‘prescriptions’. It is an account of the health of the country’s economy.
(This story has not been edited by Hubli Express staff and is published from a syndicated feed.)