The key highlights of the Economic Survey:
- Real GDP for FY23 pegged at 7% and for FY24 GDP to remain in range of 6-6.8% with 6.5% being the baseline GDP growth.
- With inflation persistent in advanced economies and central banks indicating more rate hikes, downside risks to the global economic outlook seems elevated.
- Indian economy recovered and made full recovery in FY22 ahead of many nations and positioned itself to ascend to the pre-pandemic growth path in FY23.
January 31, 2023