Budget 2023: During the budget session of Parliament today i.e. on January 31 at 11 am, President Droupadi Murmu jointly addressed both Houses.
She stressed on the need for 'Atmanirbhar Bharat' for the development of the country and also urged the people to give their best to make a developed India in the next 25 years.
After this, Finance Minister Nirmala Sitharaman presented the Economic Survey report. It is estimated that the country's GDP growth could be 6% to 6.8% in the next financial year starting April 1.
GDP growth of 6.8% means that India's economic growth in the next financial year will still be one of the fastest-growing major economies.
Along with this, bank credit growth has been estimated to increase rapidly in the financial year 2023-24.
The government said it will focus on rebuilding the fiscal space lost during the coronavirus pandemic to counter new risks from a challenging global environment, which has already started weighing on domestic demand.
Chief Economic Advisor (CEA) V Anantha Nageswaran said that the recovery of the economy from the corona pandemic is complete.
The non-banking and corporate sectors now have good balance sheets, so now we don't have to talk about recovery from the corona pandemic, we have to look at the next phase.
CEA V Anantha Nageswaran has said that "Government is moving towards 6.4% fiscal deficit.
The Economic Survey is a very important document, which is prepared under the supervision of the Chief Economic Advisor (CEA).
At present, the current Chief Economic Advisor of the country is V Anantha Nageswaran.
