“Reforms of last 8 years mean India will perform better in this decade, says CEA”

 

Economic Survey 2023 LIVE: While the Economic Survey says that even as India’s outlook remains bright, global economic prospects for the next year can be impacted due to a combination of challenges that may lead to some downside risks.

Economic Survey 2023 LIVE Updates: The survey of India has cautioned that even as India’s outlook remains bright, global economic prospects for the next year have been weighed down by the combination of a unique set of challenges expected to impart a few downside risks. Here’s a look at key takeaways from the document.

– India’s economy to grow 6.5% in 2023-24, compared to 7% this fiscal and 8.7% in 2021-22

– India to remain the fastest growing major economy in

Economic Survey: IMF forecasts show an acceleration in India’s GDP growth rate, says CEA V Anantha Nageswaran (Shriramtradersclub.com)

JANUARY 31, 2023 / 02:38 PM IST

Economic Survey: Chief Economic Adviser V Anantha Nageswaran says, it is my belief that India’s digital infrastructure can add around 60-100 basis points to India’s potential GDP growth rate.

Economic Survey: Chief Economic Adviser V Anantha Nageswaran says, because of the government’s health insurance programme, out of pocket health expenditure for families has reduced from 66% to 48%.

Economic Survey: Chief Economic Adviser V Anantha Nageswaran says, the digital infrastructure can help the hitherto excluded sections get a fair shot at accessing national and international markets.

• JANUARY 31, 2023 / 02:34 PM IST

  Economic Survey: Vaccination coverage led to migrant workers returning to construction sites fueling the housing market

  Vaccinations have facilitated the return of migrant workers to cities to work in construction sites due to rebound in consumption which has had a ripple effect on the housing market, according to the Economic Survey. The inventory overhang in the housing market has also saw a significant drop and fell to 33 month in Q3 of FY23 (October-December) from 42 months last year,  it said.

• JANUARY 31, 2023 / 02:28 PM IST

  Economic Survey: Chief Economic Adviser V Anantha Nageswaran says, it’s not just that quality of government expenditure has improved in recent years, but the government has also become more transparent about it’s numbers.

• JANUARY 31, 2023 / 02:26 PM IST

  Economic Survey: Chief Economic Adviser V Anantha Nageswaran says, more than 7 lakh cases have been resolved even before entering the IBC process. This isn’t reflected in the data.
• JANUARY 31, 2023 / 02:26 PM IST

  Economic Survey: The economic recovery is complete; non-banking and corporate sectors now have healthy balance sheets, hence, we don’t have to speak of recovery from Covid-19 anymore, we have to look ahead to the next phase, said Chief Economic Advisor V Anantha Nageswaran.
• JANUARY 31, 2023 / 02:17 PM IST

  Economic Survey: Chief Economic Adviser V Anantha Nageswaran says, reforms of the last eight years mean India will perform better in this decade. These reforms span multiple dimensions – financial inclusion, banking, tax transparency, ease of doing business, and farmers’ welfare.

• JANUARY 31, 2023 / 02:14 PM IST

  Chief Economic Adviser V Anantha Nageswaran: IMF has retained its GDP growth forecast for India for the current and next financial years. Their forecasts show an acceleration in India’s GDP growth rate.

• JANUARY 31, 2023 / 02:13 PM IST

  Economic Survey: Rumki Majumdar, Economist, Deloitte India says…

  The government must address the supply bottlenecks to contain inflationary pressures and bring it back within its comfort range in a timely manner. Measures such as spending on infrastructure and logistics may go a long way in bringing down costs and improving competitiveness. More importantly, it will help India move up the value chain over the Amrit Kaal of the next 25 years:

• JANUARY 31, 2023 / 02:11 PM IST

  Economic Survey 2023 LIVE Updates: CEA V Anantha Nageswaran arrives for press briefing

• JANUARY 31, 2023 / 02:09 PM IST

  Economic Survey: The number of recognised startups in the country has increased from 452 in 2016 to 84,012 in 2022. About 48 percent of our startups are from tier 2 & 3 cities

• JANUARY 31, 2023 / 2:06 PM IST

  Economic Survey: Why has industrial output disappointed? Survey points to constraints in the first half of FY23: high rainfall affecting output in certain sectors such as real estate and construction but rainfall also led to cooler weather and hurt power demand. Survey says manufacturing output hit by inventory build-up and also by uneven growth—for example, automobiles have done well (domestic-dependent) but textiles have not (export-dependent).

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