A realistic survey of the Indian Economy

The upshot of the above figures is that despite being faced with a highly challenging external environment this year, overall, the India economy will emerge from it relatively unscathed

The Economic Survey for 2022-23 has presented the customary wealth of information and data pertaining to the Indian economy. It has provided the growth projections for the current year and the next, as well as a medium-term outlook. Simultaneously, it has further articulated the rationale for those projections and outlooks.

As regards the projections for the current fiscal year, that is, 2022-23, most of the information provided in the Survey is in the public domain. Real GDP has been estimated to grow at 7 per cent; and the Reserve Bank of India has projected that inflation for the year will