Economic Survey latest version is 2023 avilable with spiral bound.

The Survey has been tabled by the Finance Minister Nirmala Sitharaman on January 31 that details the state of the economy ahead of the government’s Budget for the fiscal year beginning April 1, 2023. The survey acknowledges the support from the Ministers of State for Finance Shri Pankaj Chaudhary and Bhagwat Kishanrao Karad, Finance Secretary T. V. Somanathan,

The Economic Survey 2023-224details the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth.

The gross domestic product (GDP) contracted by 7.3 percent in 2020-21. As per the Survey, India’s economic response to devastation caused by pandemic has been supply-side reforms rather than demand management.

• Growth in FY23 to be supported by widespread vaccine coverage, supply-side reforms and liberalised regulations.
• The Survey says that the Indian government’s capital expenditure grew by 13.5 percent on-year in Apl to Nov, with a focus on infrastructure-intensive sectors like roads, highways, railways, housing and urban affairs. The total capital expenditure rose to Rs 2.74 lakh crore in April-November 2021-22 as compared to Rs 2.41 lakh crore last year.
• The Indian banking system appears to weathered the pandemic shock well even if there was some lagged impact in the pipeline, said the 2023 Economic Survey.
• Robust export growth and availability of fiscal space to ramp up capital spending to support growth is inevitable.
• As per the Survey, India’s economic response to devastation caused by pandemic has been supply-side reforms rather than demand management. Government finances to witness consolidation in 2021-22, after uptick in deficit and debt indicators during pandemic year FY21.
• Gross Fixed Capital Formation (GFCF) is expected to have strong growth of 15 percent in 2021-22 and achieve full recovery at pre-pandemic level.
• A number of conventional and unconventional measures were taken to maintain the orderly market conditions to ensure that the increased financial needs of the governments are met smoothly, while keeping in mind the major objectives of cost minimization, risk mitigation and market development. Supported by these measures, the weighted average cost of the Government on dated securities during 2020-21 was at a 17-year low of 5.79 percent, despite a 141.2 percent jump in net market borrowings.

Contact Information

For inquiry and talk you can go along with us our what’s app gather such a large number of understudies are as of now gone along with us you can like wise join at 9354925302 and visit our site Examophobia

For soft copy data about UPSC,IPS,IAS, Study material our official unravel your inquiries with neighborliness so understudies call us 9354925302 and visit our site  Onlinekhanmarket

Soft Copy Notes :Economic Survey