Highlights

  • The Survey projected a GDP growth rate in the range of 8-8.5% for the next fiscal 2022-23 (FY23)
  • The economy is projected to grow at 9.2 per cent in the current fiscal.

Latest news

Protests by DMK Members Halt Lok Sabha, Issue Over Temple Lamp Lighting

Protests by DMK Members Halt Lok Sabha, Issue Over Temple Lamp Lighting

Severe Cold Wave Hits Rajasthan: Fatehpur Freezes at 1.9°C

Severe Cold Wave Hits Rajasthan: Fatehpur Freezes at 1.9°C

Brick Kiln Owner in Thane Charged with Human Trafficking

Brick Kiln Owner in Thane Charged with Human Trafficking

BJP's Ashoka Intensifies Corruption Allegations Against Siddaramaiah

BJP's Ashoka Intensifies Corruption Allegations Against Siddaramaiah

IRBn Head Constable Arrested for Heroin Possession in Itanagar

IRBn Head Constable Arrested for Heroin Possession in Itanagar

Mythri Movie Makers Settle Dispute with Illaiyaraja for Rs 50 Lakh

Mythri Movie Makers Settle Dispute with Illaiyaraja for Rs 50 Lakh

New Zealand vs West Indies: Shai Hope's Epic Stand Defies Hosts

New Zealand vs West Indies: Shai Hope's Epic Stand Defies Hosts

Alfa Laval's National Forum Calls Cleaner Technologies and Energy Efficiency Critical to Advancing India's Net Zero Transition

Alfa Laval's National Forum Calls Cleaner Technologies and Energy Efficiency Critical to Advancing India's Net Zero Transition

Budget 2022: Govt makes case for higher spending, fiscal space in Eco Survey

Fiscal deficit for FY'22 likely to meet estimates of 6.8% and reduce to 6.1% in the coming fiscal year. 

Budget 2022: Govt makes case for higher spending, fiscal space in Eco Survey

Budget 2022: Let the money flow! The Economic Survey has cued the tune of spending for the Budget 2022. The digital copy of the document highlights the 'space' North Block has to keep growth supported while keeping an eye on fiscal fitness

Here is what the Economic Survey states-:

• Economy well placed to take on challenges of FY23

• The strong revival in revenues in FY22 means that Government has fiscal space to provide additional support if necessary

• Financial system in a good place to support revival

The fiscal deficit for 2022 is pegged at 6.8% is likely to meet the budget estimates due to buoyant tax revenues even if the govt does not cash in LIC divestment this year.

Budget subsidy spend - Govt said to spend another $40 billion on food, fertiliser

ADVERTISEMENT

Up Next

Budget 2022: Govt makes case for higher spending, fiscal space in Eco Survey

Budget 2022: Govt makes case for higher spending, fiscal space in Eco Survey

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

Reliance completes merger of Star Television Productions with Jiostar

Reliance completes merger of Star Television Productions with Jiostar

India to lead emerging market growth with 7pc GDP rise in 2025: Moody’s

India to lead emerging market growth with 7pc GDP rise in 2025: Moody’s

Nifty hits record high after 14 months; Sensex nears all-time peak

Nifty hits record high after 14 months; Sensex nears all-time peak

Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions

Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions

ADVERTISEMENT

editorji-whatsApp

More videos

ED attaches fresh assets worth over Rs 1,400 cr in case against Anil Ambani's Reliance Group

ED attaches fresh assets worth over Rs 1,400 cr in case against Anil Ambani's Reliance Group

India signs one-year deal to import 2.2 million tonnes of LPG from US

India signs one-year deal to import 2.2 million tonnes of LPG from US

India International Trade Fair begins at Pragati Maidan amid tight security

India International Trade Fair begins at Pragati Maidan amid tight security

Stock markets decline in initial trade on foreign fund outflows, weak Asian peers

Stock markets decline in initial trade on foreign fund outflows, weak Asian peers

Amazon to lay off 30,000 office workers amid AI-driven cost cuts

Amazon to lay off 30,000 office workers amid AI-driven cost cuts

US sanctions on Russian firms to hit Reliance; PSUs likely to keep buying Russian oil via traders

US sanctions on Russian firms to hit Reliance; PSUs likely to keep buying Russian oil via traders

Dream debut: LG Electronics India shares jump over 50 pc

Dream debut: LG Electronics India shares jump over 50 pc

One GB wireless data in India costs less than a cup of tea: PM Modi

One GB wireless data in India costs less than a cup of tea: PM Modi

Power struggle in Tata Trusts: Trustees clash over board appointments

Power struggle in Tata Trusts: Trustees clash over board appointments

World Bank raises India's growth projection to 6.5 pc for 2025-26

World Bank raises India's growth projection to 6.5 pc for 2025-26

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.