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What is India's Economic Outlook for 2022-23?

By India Today Web Desk: Finance Minister Nirmala Sitharaman on Tuesday tabled the Economic Survey 2022-23 in Parliament. The survey estimated India’s GDP growth in FY24 at 6.5 per cent, while the growth for the ongoing year has been projected at 7 per cent, compared to 8.7 per cent in FY22.

How will India's GDP grow in 2023-24?

The survey has projected India’s GDP growth in a range of 6-6.8 per cent for the upcoming fiscal year 2023-24. This comes hours after the International Monetary Fund (IMF) projected India’s GDP growth at 6.1 per cent in the fiscal year 2023.

What is the growth rate of India's economy in fy24?

The survey estimated India’s GDP growth in FY24 at 6.5 per cent, while the growth for the ongoing year has been projected at 7 per cent, compared to 8.7 per cent in FY22. At this growth rate, India will continue to be the fastest-growing economy in the world.

Is India's economic growth the slowest in three years?

If realised, the 6-6.8% growth rate will be the slowest in three years. New Delhi expects growth in this fiscal year at 7%, while growth in the last fiscal year that ended Mar. 31, 2022 was 8.7%. However, at this pace, India's economic growth next fiscal year will still be the fastest among major economies.


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