Chief Economic Advisor, V Anantha Nageswaran's outlines the highlights of the economic survey 2022-23. The survey, which is a report card of the state of the country's economy, is always presented a day before the union budget.
'Rupee has performed reasonably well in comparison with other emerging market currencies'.
Expect inflation to be well-behaved for this fiscal, but there are upside risks: CEA
'Commodity prices should reduce. Inflation is not as big a problem as in 2022, but the uncertainties do remain high'.
'Can't predict oil prices. Uncertainties with respect to oil market are immense. As long as oil stays below $100 a barrel, our GDP projections will hold.'
The survey projects economic growth to be at 6.5% for the next fiscal year. This number is in-line with what others have predicted: CEA
'Reforms for the SME sector have yielded results'
India to remain fastest growing economy
Economic recovery since pandemic complete
Survey projects economy likely to grow 6.5% in FY24
India's economy is poised to do better in the remainder of this decade: CEA