Download Economic Survey 2022-23 PDF
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|Economic Survey 2022-23 PDF
|No. of Pages
|Feb 3, 2023
Overview of Economic Survey
Economic Survey is an annual publication of the Government of India that presents a comprehensive overview of the Indian economy, its performance and its prospects. It covers various aspects of the economy, including macroeconomic trends, sectoral performance, fiscal and monetary policies, and structural reforms. The Economic Survey provides valuable insights and policy recommendations for the Indian government and is widely referred to by policymakers, researchers, and economists.
However, before the Finance Minister’s speech, the President of India, Draupadi Murmu while jointly addressing both the Houses of Lok Sabha and Rajya Sabha, said that we can see the success of ‘Beti Bachao, Beti Padhao’ campaign today. Be it mining or defense forces, today women are being recruited in every sector. The government has increased ‘Maternity Leave’ from 12 weeks to 26 weeks. Today, the youth of India are truly demonstrating the power of innovation in the world. India is once again becoming a hi-tech hub of knowledge.
- According to the estimates of the budget 2022-23, the central government’s expenditure on education can be 757138 crores (2.9 of GDP). This expenditure is more than the revised estimates of 681396 crores for the year 2021-22, although it is 2.9 percent of GDP.
- The government’s expenditure on education has been continuously increasing year after year since 2015-16. Where the government spent Rs 391881 crore on education in 2021-15, it increased to Rs 575834 crore in 2020-21.
- On the other hand, expenditure on education may account for 9.5 per cent of the central government’s total expenditure on social services (education, health, others) in 2022-23, up from 9.1 per cent in the revised estimates for the previous fiscal year. However, this expenditure is less than 10.4 per cent in 2015-16.
- Based on the information received from both official and non-official sources, the level of employment has increased in the current financial year.
- According to the Periodic Labor Force Survey, the unemployment rate among people above the age of 15 years decreased from 9.8 percent to 7.2 percent in the quarter ending September 2022 as compared to the previous period (September 2021).
- Nirmala Sitharaman tabled the Economic Survey in both the Houses of Parliament ahead of the Union Budget.
- According to the survey, the Indian economy will grow by 7% in real terms in the current financial year. It also states that India will continue to be the fastest growing major economy in the world.
- According to the poll, India is set to become the fifth largest economy in the world in March 2023 with a nominal GDP of around US$3.5 trillion.
- According to the poll, growth in consumer prices has slowed significantly. According to the poll, the annual rate of inflation is less than 6%, and wholesale prices are increasing at a rate of less than 5%.
- Exports of products and services grew by 16% in the first nine months of the current financial year.