India's Economic Survey Likely To Peg 2023-24 Growth At Slowest In 3 Years: Report
NDTV
The government survey is likely to say that growth is seen at 6.5% for 2023-24 under the baseline scenario, Reuters said quoting a source.
India's annual pre-budget economic survey is likely to peg GDP growth at 6-6.8% for 2023-24, according to a source.
The government survey is likely to say that growth is seen at 6.5% for 2023-24 under the baseline scenario, the person said, declining to be named as the matter was confidential. This would be the slowest in three years. Nominal growth is likely to be forecast at 11% for 2023-24, the source added.
Growth in the financial year beginning April 1 will remain strong relative to most global economies, led by sustained private consumption, a pick-up in lending by banks and improved capital spending by corporations, the survey will likely say, the source said.
An economic survey by Chief Economic Adviser V. Anantha Nageswaran will be tabled in the parliament on Tuesday by Finance Minister Nirmala Sitharaman, a day before she presents the budget for the next fiscal year.
