Economic Survey 2022 Highlights: Geopolitical risks bubbling up, says PEA

Economic Survey 2022 Highlights: India's FY22 GDP growth is seen at 9.2 per cent and GDP growth for 2023 is projected at 8 per cent to 8.5 per cent, according to reports

The Economic Survey 2021-22 was tabled in Parliament on Monday by Finance Minister Nirmala Sitharaman as a prequel to Budget 2022. The Economic Survey 2022 brings out the economic trends in the country and facilitates a better appreciation of the mobilisation of resources and their allocation in the Union Budget 2022. The Survey, penned by the chief economic advisor of India, analyses the trends in agricultural and industrial production, infrastructure, employment, money supply, prices, imports, exports, foreign exchange reserves and other relevant economic factors that have a bearing on the Budget. It is presented in Parliament ahead of the Budget for the following year.

Economic Survey 2022 key highlights

• India's FY22 GDP growth seen at 9.2 per cent
• GDP growth for FY23 has been projected at 8 per cent to 8.5 per cent
• Economic recovery back on track
• India sees 8-8.5% GDP growth in FY23
• Agriculture sector to grow 3.9 % in 2021-22
• Industrial sector to grow 11.8% in 2021-22
• Services sector to grow 8.2% in 2021-22
• Macroeco indicators suggest India well places to face challenges in 2022-23
• Survey says India's economic response to devastation caused by pandemic has been supply-side reforms rather than demand management. 
• Growth in FY23 to be supported by widespread vaccine coverage