Business / Fm nirmala sitharaman presented Economic Survey for 2023 before budget GDP will grow 7 percent

Economic Survey 2023: The country's general budget (Budget 2023) will be presented tomorrow i.e. on 1 February. Before that the budget session of the Parliament has started. Finance Minister Nirmala Sitharaman has presented the Economic Survey in the Lok Sabha today. In this, Nirmala Sitharaman told at what speed the country will grow and what will be the future direction-

GDP growth estimated to be 6 to 6.8 percent

In the Economic Survey, the GDP growth estimate for the financial year 2023 and the GDP growth estimate for the financial year 2023-24 have been estimated to be 6-6.8 percent. Nominal GDP growth is expected to be 11 percent in FY24. The country's economy will grow at a rate of 6.5 per cent in 2023-24 as compared to seven per cent in the current financial year. The growth rate in the last financial year was 8.7 percent. India will continue to be the fastest growing economy in the world.

Information given about the financial situation

Finance Minister Nirmala Sitharaman has put the blueprint of the country's economic situation in front of everyone. Let us tell you that before the presentation of the Economic Survey, the President of the country Draupadi Murmu addressed, with which the budget session started.

Know what are the important things-

>> Capex increased by 63.4 percent in the first 8 months of FY-23

>> 30.6 percent increase in credit growth of MSME in January-November

>> Increase in credit growth of MSMEs due to ECLGS

>> Estimates of increase in capital investment cycle

>> Strong balance sheet of corporate, banking sector

>> PM Gati Shakti, strengthening manufacturing with National Logistics

India has enough forex reserves

According to the Economic Survey, India currently has adequate forex reserves. Along with this, India's performance is also much better. In the first 8 months of FY 2023, capex has increased by about 63 percent. Along with this, the investment cycle is also likely to increase. Due to ECLGS, there has been an increase in the credit growth of MSMEs. April-December Goods and Services exports have increased by 16 percent.