Pre-budget economic survey: The Budget Session of Parliament began at 11 a.m. on Monday. Droupadi Murmu, President of India, addressed both houses in a joint session. The Economic Survey will be tabled in a while with economic growth projections for fiscal 2023-24. Finance Minister Nirmala Sitharaman will table the pre-budget economic survey shortly in the Parliament. The document contains projections for economic growth for FY22, FY23.
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Then, at 2 p.m., Dr. V Anantha Nageswaran, chief economic advisor (CEA), will hold a press conference to reveal the survey to the public.
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The release will be followed by a press conference with Chief Economic Advisor V Anantha Nageswaran and other senior finance ministry officials. Under the baseline scenario, India’s GDP growth is expected to be 6-6.8% in FY2024, according to the Economic Survey. This is the slowest pace in three years. For 2023-24, nominal growth is expected to be 11%. According to last year’s survey, India’s economy will grow by 8-8.5% in FY23. The Economic Survey is created under the supervision of the government’s CEA and includes information about the state of the Indian economy in the current fiscal year.
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As the session begins today, the Opposition parties are expected to raise several issues, including the Adani Group’s falling stocks in light of a research firm’s report and the BBC documentary series on Prime Minister Narendra Modi.
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