Economic Survey 2023 LIVE
Indian economy poised to do better, inflation to be well-behaved next fiscal: CEA
Indian economy is poised to do better and is expected to grow 6.5-7 per cent in the remainder of the decade, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Tuesday. Addressing reporters here after the tabling of the Economic Survey in Parliament by Finance Minister Nirmala Sitharaman, Nageswaran said that by and large, inflation is likely to be “well behaved” in FY2023-24 barring headwinds. The Economic Survey, which has been prepared by the CEA, stated that RBI’s projection of retail inflation at 6.8 per cent in the current fiscal is neither too high to deter private consumption, nor so low as to weaken inducement to invest.
-PTI
Economic Survey 2023 LIVE
Export outlook may remain flat in coming year if global growth doesn’t pick up: Survey
India’s export growth is likely to be flat in the next fiscal if the global economy does not pick up, the Economic Survey said on Tuesday. The Survey said that though India’s merchandise exports have touched an all-time high of USD 422 billion in 2021-22, the world economy has started facing formidable headwinds and the ripple effect of the global trade slowdown has started reflecting in India’s goods export growth.
-PTI
Economic Survey 2023 LIVE
Indian economy expected to grow at 6.5% in 2023-24, the range is 6.0% – 6.8%: Chief Economic Advisor Dr V Anantha Nageswaran on Economic Survey
Indian economy expected to grow at 6.5% in 2023-24, the range is 6.0% – 6.8%: Chief Economic Advisor Dr V Anantha Nageswaran on #EconomicSurvey pic.twitter.com/rS9Iswdp1j
Economic Survey 2023 LIVE
The share of private sector investment in agriculture has reached a high level, facilitated by various government initiatives. The sector is no longer about being a primary sector, it has tremendous export potential as well, said Chief Economic Advisor on the Economic Survey.
Economic Survey 2023 LIVE
As the economy slowly picks up after the pandemic-induced business meltdown, jobs are trickling into the market but their quality is often patchy, as most of them are in the informal sector.
At the same time with population growth and more new entrants joining the job market jostling with those who lost work during the pandemic, job opportunities are still too few and far between.
“Growth is being driven mostly by large corporates who have recovered from two years of COVID-19, but the micro, small and medium enterprises (MSME) or the semi-formal sector is part dead and in part hasn’t recovered from the double whammy of demonetisation and the pandemic,” explained Dr Pronab Sen, noted economist and former chairman of the National Statistical Commission.
PTI
Economic Survey 2023 LIVE
Recovery of economy is complete, don’t have to speak of pandemic recovery anymore, says Chief Economic Advisor
Recovery of the economy is complete; non-banking and corporate sectors now have healthy balance sheets, hence, we don’t have to speak of pandemic recovery anymore, we have to look ahead to the next phase, said Chief Economic Advisor Dr V Anantha Nageswaran on Economic Survey 2023.
Economic Survey 2023 LIVE
IMF, in its World Economic Outlook Update, has maintained India’s GDP forecast for the current FY at 6.8 per cent, next FY at 6.1 per cent and for 2024-25 at 6.8 per cent. India’s economy is poised to do better in the remainder of this decade, said Chief Economic Advisor Dr V Anantha Nageswaran on Economic Survey.
IMF, in its World Economic Outlook Update, has maintained India’s GDP forecast for current FY at 6.8%, next FY at 6.1% & for 2024-25 at 6.8%. India’s economy is poised to do better in remainder of this decade: Chief Economic Advisor Dr V Anantha Nageswaran on Economic Survey 2023 pic.twitter.com/rBrhCCNxrh
Economic Survey 2023 LIVE
Economic Survey said that number of recognised start-ups increased from 452 in 2016 to 84,012 in 2022
Economic Survey 2023 LIVE
Economic Survey says that India becomes the world’s third-largest automobile market. Electric Vehicle (EV) industry will create 5 crore direct and indirect jobs by 2030 in India, stated the survey.
Economic Survey 2023 LIVE
Economic Survey says that credit growth of the MSME sector rose 30.5 per cent during January-November 2022, supported by the government’s Emergency Credit Line Guarantee Scheme (ECLGS).