New Delhi:The budget session of Parliament will begin with the President’s address on Tuesday. After that, Finance Minister Nirmala Sitharaman will read out the report of the Economic Survey in Parliament. The budget will be presented on February 1.Finance Minister Nirmala Sitharaman will present the Union Budget in Parliament on February 1. The report of the Financial Survey will be submitted to Parliament on Tuesday, the day before that. According to the report, India’s GDP (Gross Domestic Product) growth rate is expected to be 6 percent to 6.8 percent in the financial year 2023-24. The central government is likely to report that the baseline scenario for the financial year 2023-24 could be 6.5 per cent, according to a person who did not wish to be named. Which is the lowest in the last three years.
According to the report, the nominal growth forecast for the financial year 2023-24 is 11 percent. Through the Report of the Financial Survey, the Central Government presents a mathematical statistical picture of how the economy has been doing in the last one year. After the Covid pandemic, India’s economy has turned around a bit. But the Russia-Ukraine war has increased the enormous pressure of inflation. Which is talking about moving away from the path of monetary policy in the loose taken during the pandemic. However, even if the survey report talks about slow growth, a growth of 6.5 percent will put India in the race for the fastest growing economies in the world. However, it is less than the recommended 7 percent. Last year, the growth rate was 8.7 percent.
On Tuesday, the budget session of Parliament will begin with the President’s address. The finance minister will read out the financial survey report in parliament with the permission of the President in the joint chamber. This will show how the country’s economy has gone this year. After that
