LIVE Updates: Economy To Grow 8-8.5% In 2022-23, Predicts Economic Survey

India will see economic growth of 8-8.5% in the coming fiscal year, down from 9.2% growth estimated in the current year, the annual Survey predicted a day before the Budget.

Finance Minister Nirmala Sitharaman tabled the Economic Survey 2021-2022 in Parliament today. India will see economic growth of 8 to 8.5 per cent in the coming fiscal year, down from 9.2 per cent growth estimated in the current year, the annual Survey predicted a day before the Budget.

Almost all indicators show that the economic impact of the "second wave" in the first quarter was much smaller than that experienced during the full lockdown phase in 2020-21 even though the health impact was more severe, the survey notes.