Economic Survey 2022-23 tabled in Lok Sabha on first day of Budget Session today.

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Feb 14 2023

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Economic Survey 2022-23 tabled in Lok Sabha on first day of Budget Session today.

Key Highlights:

Indian economy staging a broad based recovery across sectors.

Indian economy to ascend to pre-pandemic growth path in FY23.

Retail inflation is back within RBI’s target range in Nov 2022.

Non-food credit offtake by Scheduled Commercial Banks growing in double digits since April 2022.

Gross Non-Performing Assets (GNPA) ratio of SCBs has fallen to a seven-year low of 5.0

Social sector expenditure (Centre and States combined) increases to Rs. 21.3 lakh crore in FY23 (BE) from Rs. 9.1 lakh crore in FY16.

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