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.
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.
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.
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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