Economic Survey 2022-23: India's GDP growth 6 to 6.8 pc in 2023-24

Economic Survey 2022-23: India's GDP growth 6 to 6.8 pc in 2023-24

Dear Aspirants, EducationBro is here with a Daily Current Affairs Dose. In this session, we will make the candidates aware of the daily current affairs topics, which will improve their general awareness, while also taking care that the candidates should not have any shortage of trending current affairs related to any country and abroad. Today’s Current Affairs topic is Economic Survey 2022-23: India's GDP growth 6 to 6.8 pc in 2023-24.

Our Daily Current Affairs Dose 2023 will help you to crack the General Awareness section of Banking Insurance SSC Railway UPSC and all government jobs exams.

Economic Survey 2022-23: India's GDP growth 6 to 6.8 pc in 2023-24

Economic Survey 2022-23: India's GDP growth 6 to 6.8 pc in 2023-24: Union Finance Minister Smt. Nirmala Sitharaman tabled the Economic Survey 2022-23 in Parliament. According to the Economic Survey India will witness GDP growth of 6.0 per cent to 6.8 per cent in 2023-24, depending on the trajectory of economic and political developments globally.

Read Also: Economic Survey 2022-23: Key Highlights with Details

The optimistic growth forecasts stem from a number of positives like the rebound of private consumption given a boost to production activity, higher Capital Expenditure (Capex), near-universal vaccination coverage enabling people to spend on contact-based services, such as restaurants, hotels, shopping malls, and cinemas, as well as the return of migrant workers to cities to work in construction sites leading to a significant decline in housing market inventory, the strengthening of the balance sheets of the Corporates, a well-capitalised public sector banks ready to increase the credit supply and the credit growth to the Micro, Small, and Medium Enterprises (MSME) sector to name the major ones.

The Economic Survey 2022-23 which projects a baseline GDP growth of 6.5 per cent in real terms in FY24. The projection is broadly comparable to the estimates provided by multilateral agencies such as the World Bank, the International Monetary Fund (IMF), and the Asian Development Bank (ADB) and by the Reserve Bank of India (RBI), domestically.

The Economic Survey 2022-23 says, in real terms, the economy is expected to grow at 7 per cent for the year ending March 2023. This follows an 8.7 per cent growth in the previous financial year.

Important facts for upcoming exams from the above Current Affairs Topic

• President of India: Droupadi Murmu 
• Vice President of India: Jagdeep Dhankhar
• Prime Minister of India: Narendra Modi 
• Chief Justice of India: Justice DY Chandrachud
• Lok Sabha Speaker of India: Om Birla 
• Capital of India: New Delhi 
• Largest city of India: Mumbai 
• Official languages of India: Hindi / English 
• Currency of India: Indian rupee (₹) (INR) 
• Total Population of India 2018 estimate: Neutral increase 1,352,642,280