Economic Survey Report 2023-24: Indian economy healthy after Covid wound, what does financial survey say about GDP? – mssewb.org

Economic Survey 2023-24: Finally, the Covid-19 hit the Indian economy. Pradhan V said this in a press conference after the financial survey of Union Finance Minister Nirmala Sitharaman. Anant Nageswaran. He said that currently banks have started giving loans, while large private companies have also become interested in taking loans. Other sectors are also turning around. As a result there is no way to talk about the fact that the wound of covid is still there. Rather, it can be said that the Indian economy has turned around after overcoming all the shocks of Covid.

Besides, the financial survey report presented by Nirmala Sitharaman in the Parliament on this day, the financial growth has been shown to be very low. That is, the question is that the government is not so optimistic about GDP in the next financial year? Because, the Fiscal Survey report said fiscal growth in the country could be 6 to 6.8 percent for the fiscal year 2023-24. Which is lowest in last 8 years.

On the other hand, the IMF said India’s growth could be 6.1 percent for the financial year 2023-24. In that judgment, Nirmala Sitharaman’s growth potential is somewhat higher. However, the Center said that this forecast has been presented in the financial survey by looking at the number of those forecasts.

In addition, the financial survey report claimed that, despite the disruption in global growth, the country’s financial growth remains strong. At the same time, it has been assured that India will continue to be the fastest growing economy in the world. V. in the press conference. Ananth Nageswaran said India’s GDP will grow further in the remaining years of this decade.

In addition to the economic growth, the financial survey report said that the Russia-Ukraine war has increased the price of goods in the country. The Center is looking at ways to boost the rural economy, the Financial Survey report said. The report mentions that the growth in agriculture sector has been observed at the rate of 4.6 percent.

Besides, the survey report said that 2 lakh crore rupees have been directly given to farmers’ bank accounts under the Pradhan Mantri Kisan Sammannidhi Yojana. A total of 11.3 crore farmers have benefited under this scheme. Besides, the country’s steel industry has also increased in size. According to the survey, India is currently the second largest steel producing country in the world.

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