Budget 2022-23: Calculations of downfall in growth rate??
Budget 2022-23: Calculations of downfall in growth rate??
The budget session of parliament has started and the Economic survey has been presented after President ram Nath Kovind's address. Economic survey is a kind of report card of the economy in the current financial year. The Economic survey has projected GDP growth to be 8-8.5% for 2022-2023. The growth rate is expected to decline as compared to the current year.
Growth rate in 2022-23: For the financial year 2022-23, the country's economy is estimated to achieve GDP growth at the rate of 8-8.5%. The growth rate is expected to decline in the next financial year 2022-23.
Economic survey: Finance minister Nirmala Sitharaman presented the Economic survey today, a day before presenting the Union Budget 2022-23. Chief Economic Adviser v Anantha Nageswaran will tell about the main points of the Economic survey in a press conference. On february 1, Finance minister Nirmala Sitharaman will present the budget 2022-23. This is both Nageswaran's first press conference and economic survey.
Growth forecast: The growth of the agriculture sector has been estimated at 3.9% in the financial year 2021-22. Apart from this, a growth of 11.8% has been estimated in the industrial sector. At the same time, the growth of the service sector has been estimated at 8.2%.
What is an economic survey?
How has the performance of the country's economy been in the current financial year, its complete report is in a way in the Economic Survey. The Economic survey contains the complete roadmap of the government's strategy for the economic growth rate of the government in the coming financial year. Information is given about the performance of each sector of the economy and projections for the next financial year.