On the first day of the Union Budget Session 2023–24, after the President’s address, Union Finance Minister Nirmala Sitharaman presented the Economic Survey for the Financial Year 2022–23. According to the Economic Survey, India’s economic recovery from the pandemic is complete, and economic growth in the range of 6% to 6.8% is anticipated for the upcoming fiscal year 2023–2024.
In a news conference in New Delhi, the Chief Economic Advisor Dr. V. Anantha Nageswaran further stated, “The study looks ahead to the medium-term because the pandemic reaction and recovery period is gone.”
The repercussions of the Russia-Ukraine conflict were highlighted in this year’s Economic Survey, which contrasted with the previous year’s Economic Survey, which concentrated on the Indian economy’s recovery from the COVID-19 pandemic.
This news was written by Ms. Pujari Dharani, Research Assistant, All India Legal Forum.