Maharashtra tables 2022-23 Economic Survey, pegs growth at 6.8%
The Hindu
The latest available information related to various socio-economic sectors of the economy in the State along with indicators and trends is provided in the Economic Survey document.
Maharashtra is expected to grow 6.8 per cent during the financial year 2022-23 (April-March), as per the advance estimates projected by the State government in its Economic Survey document for the current fiscal.
During 2022-23, the agriculture and allied sector in the State is expected to grow by 10.2 per cent, the industry sector is expected to grow by 6.1 per cent and the services sector by 6.4 per cent, the document showed on Wednesday, March 8, 2023.
Nominal and real Gross State Domestic Product (GSDP) for 2022-23 is expected to be ₹3,527,084 crore and ₹2,165,558 crore.The Per Capita Income in Maharashtra was ₹215,233 in 2021-22 as against ₹183,704 for 2020-21.
The State government today tabled its Economic Survey document for 2022-23 in the Assembly. The annual document is prepared every year and presented in the Budget Session before the State Legislature. The present publication for the year 2022-23 is the 62nd issue.
The latest available information related to various socio-economic sectors of the economy in the State along with indicators and trends is provided in the document.The Economy Survey also typically gives some idea about the tone and texture of the actual Budget for 2023-24, to be presented Thursday.
Further, the Economic Survey document showed the state's revenue receipts are expected to be ₹403,427 crore for 2022-23 (BE) as against ₹362,133 crore during 2021-22 (RE).In the breakup, the tax and non-tax revenue (including central grants) for 2022-23 (BE) are ₹308,113 crore and ₹95,314 crore respectively.
The revenue expenditure of the State is expected to be ₹427,780 crore as per 2022-23 (BE) as against ₹392,857 crore during 2021-22 (RE).At the national level, the Economic Survey for 2022-23 released on January 31 forecasted India's economy is likely to grow at 7 per cent for the current fiscal year ending March 31, following an 8.7 per cent growth in the previous financial year - 2021-22.The national-level Economic Survey has projected a baseline GDP growth of 6.5 per cent in real terms for the next financial year 2023-24.
India seeks alternative sources for specialty fertilizers from Belgium, Egypt, and others due to China's export restrictions.
India and Russia commit to enhancing trade in national currencies, aiming for $100 billion bilateral trade by 2030.
Stock markets soar as RBI cuts interest rates, with Sensex rising 447 points amidst positive investor sentiment and revised growth forecasts.
AAP's Raghav Chadha calls for banning 10-minute delivery services, highlighting the harsh conditions faced by gig workers.
IndiGo flight cancellations: Follow LIVE updates from The Hindu as IndiGo's operations face issues with over 400 flights cancelled today.
DGCA grants IndiGo exemption from night-duty limits for pilots amid widespread flight cancellations and operational disruptions.
RBI to launch a two-month campaign in January 2026 to address pending grievances with the Ombudsman for improved customer service.
RBI plans ₹1 lakh crore OMO in December to boost liquidity amid upcoming tax payments, ensuring stability in the banking system.
IndiGo faces ongoing flight delays and cancellations due to technology issues, weather, and new crew rostering rules.
Stock markets experience volatility as investors await RBI's monetary policy amid foreign fund outflows and mixed global trends.
ED attaches assets worth ₹1,120 crore in Anil Ambani's Reliance Group case, totaling ₹10,000 crore amid money laundering probe.
Rupee rises 20 paise to 89.69 against the dollar as investors await RBI's monetary policy decision amidst market pressures.
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.