Economic survey 2023 upsc

In News • Recently, the Union Minister for Finance tabled the Economic Survey 2022-23 highlighting the outlook for India’s growth, inflation and unemployment in the coming years. About • The Economic Survey of India suggests that the economy has recovered from the Covid disruption and is poised for s ustained robust growth in the rest of the decade. • The Survey attributes the recovery to wide-ranging structural and governance reforms that have strengthened the economy's fundamentals and increased its efficiency. • The Indian economy is expected to grow at its potential similar to the growth experience after 2003 , but the growth outlook is unlikely to be much above 6%. • The growth rate in India has become increasingly capital-intensive , leading to a lower labor force participation rate and widespread joblessness, which acts as a drag on economic growth. • India's population is growing with a large youth bulge , high levels of poverty, and malnourished children, which requires faster growth to satisfy the growing population • The survey cautions that a growth rate of 6% may not create enough jobs to meet the demand from the growing population. What is the Economic Survey? • The Economic Survey has its roots in the British colonial er a, with the f irst survey being presented in 1950-51 . • The Economic Survey of India is an annual document presented to the Parliament by the Ministry of Finance. • It reviews the performance of the Indian economy in the previous financial ...

Hello Friends, Hope the preparation is in full swing. At this point of time focus more and more on revision. Be sincere in your effort and do not fear the examination. This is the time when your composure and calmness matter the most. Your dealing with the same will decide the strength of your readiness for the examination. We present the Economic Survey 2022-23. It is prepared considering the relevance and importance of Prelims and Mains. Kindly leave your feedback in the comment section below on the presentation of the economic survey. We would love to hear from you Work hard. All the best. 🙂

Economic Survey 2023 - Definition, Importance & Highlights The Economic Survey of India is an annual document released by the Finance Ministry, Government of India. It is a very important document from the IAS Exam perspective. This article w ill discuss in detail the Economic Survey, highlights of the Economic Survey 2023, and its importance in the UPSC and other government exams . Highlights of previous years’ Economic Survey 2022-2021 are also provided in this article. Economic Survey 2023:- Are you preparing for omplement your Indian Economy preparation for the upcoming exam with the help of the following links: • UPSC MCQ on Indian Economy • • • • • • Table of Contents: Economic Survey Introduction The Department of Economic Affairs, Ministry of Finance presents the Economic Survey of India in Parliament every year, just before the Union Budget. This document is submitted to both houses of Parliament during the Budget Session. The Economic Survey reviews the developments in the Indian economy over the previous 12 months. It highlights the policy initiatives of the government, summarizes the performance on major development programs, and shows the growth prospects of the economy. It is generally presented by the Chief Economic Advisor (CEA). However, this year (2022), it has been prepared by the Principal Economic Advisor Sanjeev Sanyal. Importance of Economic Survey The Economic Survey is a vital source for the UPSC exam, especially for the subjects Indian economy, p...

Why in news? • On 31 January, the government tabled the Economic Survey 2022-23. The Survey laid out the outlook for India’s growth, inflation and unemployment in the coming years. What’s in today’s article? • Economic Survey • Key Takeaways Economic Survey • The Economic Survey of India is an annual report released by the Finance Ministry. It details the state of the economic performance of the country in the past year. • The survey highlights macroeconomic figures and economic progress of the country. • It also mentions the possible economic challenges that India might face in future and suggests measures to overcome them. • The survey is prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance under the supervision of the Chief Economic Advisor of India (CEA). • The Economic Survey of India is presented every year a day before the Union Budget is announced. • This year’s survey was presented by the CEA V Anantha Nageswaran, after being tabled by Finance Minister in the parliament. Economic Survey 2023: Key Takeaways • GDP growth • The Survey said India’s growth estimate for FY23 is higher than for almost all major economies. • It projected the economy to grow by somewhere between 6% -6.8%, depending on global factors in 2023-24, with 6. 5% a baseline expectation. • Despite global uncertainties and slowing world economy, India’s growth is supported by solid domestic demand and a pickup in capital investment. • India’s projected g...