Economic Survey 2022-23 [PDF 8.94 MB] with Statistical Appendix [PDF 6.15 MB]

The Economic Survey has forecast India’s GDP growth for the financial year 2023-24 to be in the range of 6-6.8 per cent. The RBI’s projection of 6.8 per cent inflation this fiscal is neither deemed high enough to deter private consumption nor low enough to weaken investment. Challenge to rupee depreciation persists with the likelihood of further interest rate hikes by the US Fed, the Survey said. The current account deficit may continue to widen as global commodity prices remain elevated, putting more depreciation pressure on the rupee. Capital Expenditure by the Union Government grew by 63.4 per cent in April-November of the current financial year, the survey added. Read the full text of the Economic Survey 2022-23 below.