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Eco Survey projects FY24 GDP growth at 6-6.8%, sees investments picking up

Commodity prices will raise total import bill and add to unfavourable developments in current account balance, it says

Economic recovery, GDP

Arup Roychoudhury New Delhi
India is projected to grow at a baseline rate of 6.5 per cent and at a range of 6-6.8 per cent in 2023-24 (FY24), with global macroeconomic slowdown being the key risk factor to the forecast, the Economic Survey 2022-23 said on Tuesday.

“Recovering from pandemic-induced contraction, Russian-Ukraine conflict, and inflation, the Indian economy is staging a broad-based recovery across sectors, positioning to ascend to the pre-pandemic growth path in 2022-23,” said the Survey, authored by Chief Economic Advisor V Anantha Nageswaran and his team.

This is Nageswaran’s first Survey.

The baseline nominal gross domestic product (GDP) growth is forecast

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First Published: Jan 31 2023 | 2:21 PM IST

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