Economic Survey 2023 Highlights: Economy Nearly Recouped What was Lost

Economic Survey 2023 LIVE Updates: The Economic Survey document will give insights into the state of the economy and various indicators in the current financial year 2022-23 (April-March) and outlook for the next year.

New Delhi: Finance Minister Nirmala Sitharaman tabled the Economic Survey for 2022-23 in the Lok Sabha on Tuesday soon after the President Droupadi Murmu's Address to both Houses of Parliament. She will present the Union Budget for the next financial year beginning April 1, 2023, on Wednesday (February 1, 2023).

The Economic Survey document, prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance and formulated under the supervision of the chief economic adviser V Anantha Nageswaran, will give insights into the state of the economy and various indicators in the current financial year 2022-23 (April-March) and outlook for the next year.

The Economic Survey provides a blueprint for the nation's economy and lays out the way forward. It is also considered as the official report card of the union government. The Economic Survey gives a brief overview of the annual economic growth experienced by the country during the fiscal year. The Annual survey examines changes in infrastructure, industrial and agricultural output, employment, pricing, exports, imports, the money supply, foreign exchange reserves, and other elements that have an impact on the Indian economy and the Budget.

Meanwhile, Daniel Leigh, Division Chief, Research Department of the IMF has said that Inflation in India is expected to come down from 6.8 percent in the current fiscal year ending March 31 to 5 percent the next fiscal, and then drop further to 4 percent in 2024

Inflation in India as in other countries is expected to come down from 6.8 percent in 2022 to 5 percent in 2023 and then 4 percent coming towards the target in 2024, the the International Monetary Fund (IMF) Chief added.

Thanks For Connecting With Us For Live Updates on Economic Survey 2023. The aforementioned data are the highlights of the Economic Survey tabled today.

31 January 2023

13:35 IST

Economic Survey 2023 LIVE Updates: Economy Nearly Recouped What was Lost

India's recovery from pandemic was relatively quick; growth to be supported by domestic demand, pick up in capital investment

13:34 IST

Economic Survey 2023 LIVE Updates: Economy Nearly Recouped What was Lost

Challenge to rupee depreciation persists with the likelihood of further interest rate hikes by the US Fed. Current account deficit may continue to widen as global commodity prices remain elevated; rupee may come under pressure