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Frequently Asked Questions

What is India's GDP growth in 2022-23?

The Economic Survey 2022-23 estimated India's GDP growth at 6.5 per cent, which is lower than the projected 7 per cent growth for the ongoing financial year. The Economic Survey was tabled in Parliament by Finance Minister Nirmala Sitharaman. (Illustration by Vani Gupta/India Today)

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.

What is the economic outlook for India in 2023?

In the fiscal year 2023, the Indian economy is expected to grow at 6. 5 per cent against 7 per cent in 2022 and 8. 7 per cent in 2021. India's economy continues to grow at the highest rate in the world, outpacing that of emerging and developing Asia and economic expectations for China.

How did the Indian economy perform in FY 2022?

According to V. Anantha Nageswaran, India’s Chief Economic Advisor, the Indian economy consolidated its recovery in FY 2022, with most constituents surpassing pre-pandemic level of activity. A positive trend in the high frequency indicators of growth during the first two months of Q1 FY 2023 also indicate continued expansion of economic activity.

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