Economic Survey 2022 PDF

Economic Survey 2022 PDF Details
PDF Name	Economic Survey 2022 PDF
No. of Pages	442
PDF Size	19.6 MB
Language	English
Category	English
Download Link	Available ✔
Downloads	17

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Economic Survey 2022

Dear reader, if you are searching for the Economic Survey 2022 PDF and you are unable to find it anywhere then don’t worry you are on the right page. This year’s survey has been prepared by Principal Economic Adviser Sanjeev Sanyal in the absence of the Chief Economic Adviser – the post to which V Ananth Nageswaran was appointed on Friday itself. The Economic Survey, which assesses the health and condition of the economy, sets the stage for the Union Budget. Finance Minister Nirmala Sitharaman presented the Economic Survey 2022 in Parliament on Monday after the President’s address in both the Houses of Parliament.

The survey, presented a day before the Union Budget, outlines the state of the economy and outlines suggestions for policy actions. The survey said, “India’s GDP is projected to grow by 8.0-8.5% in real terms in 2022-23.

Economic Survey 2022 PDF

1. After the Indian economy contracted by 7.3 percent in 2020-21, it is expected to grow by 9.2 per cent in 2021-22 (as per the first advance estimates).
2. GDP in real terms in 2022-23 is projected to be 8-8.5 percent.
3. The financial system is ready for the coming year thanks to a bundle of well-established private sector funds to support the revival of the economy.
4. The real GDP growth for 2022-23 is 8.7 percent and 7.5 percent, respectively, compared to the latest forecasts by the World Bank and the Asian Development Bank.
5. According to the latest IMF World Economic Outlook, India’s real GDP is projected to grow by 9 percent in 2021-22 and 2022-23 and 7.1 percent in 2023-2024, which will take India to the world for 3 years. The fastest-growing major economy in the world. ,
6. Agriculture and allied sectors are expected to grow by 3.9 percent; The industry grew by 11.8 percent and the services sector by 8.2 percent in 2021-22.
7. In 2021-22, consumption is expected to grow by 7.0 percent, GDP by 15 percent, exports by 16.5 percent and imports by 29.4 percent 2021-22.
8. Macroeconomic stability indicators show that the Indian economy is well-developed to meet the challenges of 2022-23.
9. The combination of high foreign exchange reserves, sustainable foreign direct investment, and rising export earnings will provide a vital buffer against a possible global liquidity crisis in 2022-23.
10. The economic impact of the “second wave” was minimal during the entire lockdown phase of 2020-21, although the health impact was severe.
11. The unique response of the Government of India includes a significant increase in capital expenditure to spur growth and safety nets to reduce the impact on weaker sections of the society and business sector along with supply reforms for long-term expansion.
12. The government’s flexible and multi-layered response is based on a “dynamic” framework that uses a feedback loop and eighty high-frequency indicators (HFIs) in an environment of extreme uncertainty.

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