Economic Survey tabled: Govt projects 9.2% GDP growth in FY22
India Today
The Economic Survey has predicted 8 to 8.5 per cent Gross Domestic Product (GDP) growth in FY23. For FY22, GDP growth has been projected at 9.2 per cent.
Finance Minister Nirmala Sitharaman on Monday tabled the Economic Survey in Parliament along with the statistical Appendix. The Economic Survey has provided details pertaining to the state of the economy ahead of the Union Budget for the fiscal year beginning April 1, 2022.
GDP PROJECTIONS
The Economic Survey has predicted 8 to 8.5 per cent Gross Domestic Product (GDP) growth in FY23 (April 2022 to March 2023). For the ongoing FY22, the GDP growth has been projected at 9.2 per cent.
Total consumption is estimated to have grown by 7.0 per cent in 2021-22 with significant contributions from government spending.
Agriculture and allied sectors are expected to grow by 3.9 per cent in 2021-22.
The Services sector is estimated to grow by 8.2 per cent in the ongoing financial year.
The Economic Survey 2021-22, details the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth.
