Ahead of the Union Budget, Finance Minister Nirmala Sitharaman tabled the economic survey in the Parliament today. The survey pegs India's growth between 8 and 8.5% for FY23. According to the government, economic activity has recovered to pre-pandemic levels and the nation is well-placed to take on the challenges in this fiscal year. The growth is supported by extensive vaccine coverage, supply-side reforms, and easing of regulations, said the Chief Economic Advisor Dr. V. Anantha Nageswaran. The survey also highlighted how the services sector is the worst hit by the pandemic, with services estimated to grow at 8.2%. The government is expecting consumption to pick up but cautioned on the inflation front, especially with regards to imported inflation. Can India handle the looming inflation threat? We debate on the India Development Debate with Aditi Nayar, Chief Economist, ICRA, Siddhartha Sanyal, Chief Economist & Head Research, Bandhan Bank, and Mythili Bhusnurmath, Consulting Editor, ET NOW. Tune in!
Posted from: 0001-01-01 00:00:00Z2022-01-31 18:19:00Z[]this blog via Microsoft Power Automate.
