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Economic Survey 2023 Highlights: Economy Nearly Recouped What was Lost

Economic Survey 2023 LIVE Updates: The Economic Survey document will give insights into the state of the economy and various indicators in the current financial year 2022-23 (April-March) and outlook for the next year.

LIVE Blog

New Delhi: Finance Minister Nirmala Sitharaman tabled the Economic Survey for 2022-23 in the Lok Sabha on Tuesday soon after the President Droupadi Murmu's Address to both Houses of Parliament. She will present the Union Budget for the next financial year beginning April 1, 2023, on Wednesday (February 1, 2023).

The Economic Survey document, prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance and formulated under the supervision of the chief economic adviser V Anantha Nageswaran, will give insights into the state of the economy and various indicators in the current financial year 2022-23 (April-March) and outlook for the next year.

The Economic Survey provides a blueprint for the nation's economy and lays out the way forward. It is also considered as the official report card of the union government. The Economic Survey gives a brief overview of the annual economic growth experienced by the country during the fiscal year. The Annual survey examines changes in infrastructure, industrial and agricultural output, employment, pricing, exports, imports, the money supply, foreign exchange reserves, and other elements that have an impact on the Indian economy and the Budget.

Meanwhile, Daniel Leigh, Division Chief, Research Department of the IMF has said that Inflation in India is expected to come down from 6.8 percent in the current fiscal year ending March 31 to 5 percent the next fiscal, and then drop further to 4 percent in 2024

Inflation in India as in other countries is expected to come down from 6.8 percent in 2022 to 5 percent in 2023 and then 4 percent coming towards the target in 2024, the the International Monetary Fund (IMF) Chief added.

Thanks For Connecting With Us For Live Updates on Economic Survey 2023. The aforementioned data are the highlights of the Economic Survey tabled today.

31 January 2023
13:35 IST

Economic Survey 2023 LIVE Updates: Economy Nearly Recouped What was Lost

India's recovery from pandemic was relatively quick; growth to be supported by domestic demand, pick up in capital investment

13:34 IST

Economic Survey 2023 LIVE Updates: Economy Nearly Recouped What was Lost

Challenge to rupee depreciation persists with the likelihood of further interest rate hikes by the US Fed. Current account deficit may continue to widen as global commodity prices remain elevated; rupee may come under pressure

13:33 IST

Economic Survey 2023 LIVE Updates: Economy Nearly Recouped What was Lost

Borrowing cost may remain 'higher' for longer period; entrenched inflation may prolong tightening cycle

13:24 IST

Economic Survey 2023 LIVE Updates: Economy Nearly Recouped What was Lost

6.8% inflation for current fiscal not high enough to deter private consum

13:24 IST

Economic Survey 2023 LIVE Updates: Economy Nearly Recouped What was Lost

Economy has nearly recouped what was lost, renewed what had paused; re-energised what had slowed during the pandemic

13:22 IST

Economic Survey 2023 LIVE Updates: India to Remain Fastest Growing Major Economy in World

India is third-largest economy in the world in PPP (purchasing power parity) terms; 5th largest in terms of exchange rate. India to remain fastest growing major economy in the world

13:22 IST

Economic Survey 2023 LIVE Updates: Economy to Grow 6.5% in 2023-24 

India's economy to grow 6.5 pc in 2023-24 compared to 7 pc in current fiscal, 8.7 pc in 2021-22

13:11 IST

Economic Survey 2023 LIVE Updates: Economic Survey 2023 Tabled in Parliament

FY24 base-line nominal GDP growth seen at 11 percent

13:10 IST

Economic Survey 2023 LIVE Updates: Economic Survey 2023 Tabled in Parliament

FY24 GDP Growth is seen at 6-6.8 percent

13:08 IST

Economic Survey 2023 LIVE Updates: Economic Survey 2023 Tabled in Parliament

Economic Survey pegs FY23 real GDP growth at 7%, FY24 base-line real GDP growth seen at 6.5%  

13:07 IST

Economic Survey 2023 LIVE Updates: Economic Survey 2023 Tabled in Parliament

Economic Survey 2023 was tabled by FM soon after President Droupadi Murmu's Address to both Houses of Parliament

13:07 IST

Economic Survey 2023 LIVE Updates: Economic Survey 2023 Tabled in Parliament

Finance Minister Nirmala Sitharaman has tabled the Economic Survey for 2021-22 in the Lok Sabha

12:28 IST

Economic Survey 2023 Live Updates: President Droupadi Murmu Departs From Parliament

President Droupadi Murmu departs from the Parliament for Rashtrapati Bhavan. She addressed the joint sitting of the Parliament today, as the Budget Session commenced

12:23 IST

Economic Survey 2023 Live Updates: Prez Murmu's Address to the Joint Sitting of Parliament Over

President Droupadi Murmu and Vice President Jagdeep Dhankhar greet PM Narendra Modi, Congress Parliamentary Party Chairperson Sonia Gandhi and other MPs after concluding the President's Address to the joint sitting of the Parliament

11:45 IST

My Govt continuously laid Unprecedented Emphasis on Innovation, Entrepreneurship: Prez

My government has continuously laid unprecedented emphasis on innovation and entrepreneurship. Today our youth are showing the power of their innovation to the world, says President Droupadi Murmu

Earlier there was a long wait for tax refunds. Today, refunds are received within a few days of filing ITRs. Today the GST regime has provided transparency, along with ensuring the dignity of taxpayers, says Prez Murmu

11:45 IST

Economic Survey 2023-24 Live Updates: President Droupadi Murmu Addresses Joint Session of Parliament

I'm delighted that my Govt has decided to extend PM Garib Kalyan Anna Yojana in accordance with the new circumstances. This is the identity of a sensitive & pro-poor govt...This scheme is being appreciated across the world, says President Droupadi Murmu

11:40 IST

Economic Survey 2023-24 Live Updates: President Droupadi Murmu Addresses Joint Session of Parliament

We've seen that during COVID period, how living had become difficult for the poor across the world. But, India is one of those countries that gave highest priority to protecting the lives of the poor & tried to see that no poor in the country sleeps on an empty stomach, says President Droupadi Murmu

11:35 IST

India Is In A Better Position As Compared To Other Nations: President

Wherever there is political instability anywhere in the world, those countries are surrounded by a massive crisis. But due to the decisions my govt took in the national interest, India is in a better position as compared to other countries: President Draupadi Murmu

11:31 IST

Benefit Of Stable And Decisive Govt is Being Reaped By All: President 

The benefit of a stable and decisive govt is being reaped by us against the biggest crisis in 100 years and in tackling the situation that arose after it: President Droupadi Murmu to the joint session of Parliament.

11:29 IST

Economic Survey 2023-24 Live Updates: President Droupadi Murmu Addresses Joint Session of Parliament

'Garibi hatao' is not just a slogan anymore. My government is working to have a permanent solution to the problems of the poor and empowering them, says President Droupadi Murmu

11:28 IST

Economic Survey 2023-24 Live Updates: President Droupadi Murmu Addresses Joint Session of Parliament

About 11 crore families have been connected with piped water supply in three years under the Jal Jeevan Mission. Poor families are getting the maximum benefit from this, says President Murmu

11:28 IST

Economic Survey 2023-24 Live Updates: President Droupadi Murmu Addresses Joint Session of Parliament

My government has worked for every section of society without any discrimination. As a result of the efforts of my government in the last few years, many basic facilities have either reached 100% population or are very close to that target, says President Murmu

11:27 IST

Govt Works Without Any Discrimination: President

My government has worked for every section of society without any discrimination. As a result of the efforts of my government in the last few years, many basic facilities have either reached 100% population or are very close to that target: President Murmu

11:26 IST

President Murmu Addresses Join Session Of Parliament

About 11 crore families have been connected with piped water supply in three years under the Jal Jeevan Mission. Poor families are getting the maximum benefit from this: President Murmu to the joint sitting of Parliament.

11:25 IST

Fearless, Decisive Govt: President Tells Parliament

From surgical strike to strict action against terrorism, giving befitting response on LoC and LAC, to abrogating Article 370 in J&K and abolishing Triple Talaq, this government's identity has been that of a decisive one: President Murmu

11:24 IST

President Droupadi Murmu Addresses Joint Sitting of Parliament

From abrogating Article 370 in J&K to abolishing Triple Talaq, my government has taken major decisions: President Droupadi Murmu to the joint session of Parliament.

11:19 IST

Economic Survey 2023-24 Live Updates: President Droupadi Murmu Addresses Joint Session of Parliament

The benefit of a stable and decisive govt is being reaped by us against the biggest crisis in 100 years and in tackling the situation that arose after it: President Droupadi Murmu to the joint session of Parliament as Budget Session commences

11:18 IST

Economic Survey 2023-24 Live Updates: President Droupadi Murmu Addresses Joint Session of Parliament

Today, there is a stable, fearless and decisive government in the country that is working towards realising the big dreams, says President Murmu

11:09 IST

Economic Survey 2023-24 Live Updates: President Droupadi Murmu Addresses Joint Session of Parliament

By 2047, we have to build a nation that will be connected to the pride of the past and which will have all the golden chapters of modernity. We have to build an India that will be 'aatmanirbhar' and capable to fulfill its humanitarian duties: President Murmu

11:05 IST

Economic Survey 2023-24 Live Updates: President Droupadi Murmu Addresses Joint Session of Parliament

Today, India's self-confidence is at its highest and the world is looking at her from a different perspective. India is providing solutions to the world

11:00 IST

Economic Survey 2023-24 Live Updates: President Droupadi Murmu's Maiden Address to Joint Sitting of Parliament

President Droupadi Murmu arrives at the Parliament to deliver her first address to its joint sitting

10:59 IST

Economic Survey 2023-24 Live Updates: Budget Session

Rajya Sabha Business Advisory Council meeting to be held at 2:30 pm today

10:59 IST
10:49 IST

Economic Survey 2023-24 Live Updates: President Droupadi Murmu's Maiden Address to the Joint Session Shortly

Ceremonial escort to President Droupadi Murmu to Parliament to address the joint session at the start of the Budget session

10:47 IST

Economic Survey 2023-24 Live Updates: PM Modi's speech Before Start of Budget Session of Parliament

Matter of pride for entire country that President Murmu will give her first address to joint sitting of Parliament in session, says PM Modi

10:45 IST

Economic Survey 2023-24 Live Updates: PM Modi's speech Before Start of Budget Session of Parliament

Recognised voices in world of economy bringing positive messages for country from all round: PM Modi ahead of Budget Session's start, says PM Modi

10:43 IST

Economic Survey 2023-24 Live Updates: PM Modi's speech Before Start of Budget Session of Parliament

PM Narendra Modi Speaking at the start of Budget Session of Parliament

10:43 IST

Economic Survey 2023-24 Live Updates: CEA V Anantha Nageswaran's Press Conference

Press Conference by Chief Economic Advisor V Anantha Nageswaran on Economic Survey 2022-23 at National Media Centre, New Delhi will start at 2pm

10:37 IST

Economic Survey 2023-24 Live Updates: Theme of Economic Survey 

The most important feature which many will look out for is its central theme. Last year`s central theme was `Agile Approach`, which put emphasis on India`s economic response to the Covid-19 Pandemic shock

10:37 IST

Economic Survey 2023-24 Live Updates: Last Year's Economic Survey Theme 

The preface of the Economic Survey 2022 stated that the "Agile approach" was based on feedback loops, real-time monitoring of actual outcomes, flexible responses, safety-net buffers and so on.Along with the sectoral chapters, the Survey document also adds new need-based chapters that need focus.

10:03 IST

Budget Session of Parliament Begins Today

The Budget Session of Parliament will commence on January 31 with the address of the president to both the Houses and conclude on April 6

10:03 IST

Budget Session of Parliament to Conclude on April 6

The first part of the session will conclude on February 14. Parliament will reconvene on March 12 for the second part of the session and continue till April 6

10:00 IST

Economic Survey 2023-24 Live Updates: Prez to address joint sitting of Parliament at 11 AM 

President Droupadi Murmu will address the joint sitting of Parliament at 11 AM following which FM Nirmala Sitharaman will table the Economic Survey

 

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