The Economic Survey tabled by Finance Minister Nirmala Sitharaman in Parliament on 31 Jan 2023, asserted that not only were the pandemic-induced blues over, but the outlook for the years ahead was also rosier than in the pre-COVID years.
Though global uncertainties are rife and the world economy is slowing, the Survey exuded confidence that India’s GDP would grow 6.5% in 2023-24, after an estimated 7% this year, “supported by solid domestic demand and a pickup in capital investment”.
“The Indian economy in 2022-23 has nearly ‘recouped’ what was lost, ‘renewed’ what had paused, and ‘re-energised’ what had slowed during the pandemic and since the conflict in Europe,” the Survey averred.
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