The Economic Survey for the financial year 2022-23 has been presented in the Parliament on Tuesday. In this, many good things about the Indian economy and some concerns have also been expressed. Come, let us know all the important things of the Economic Survey in 10 points.

India's economy will grow at the rate of 6.5 percent in 2023-24. At the same time, the GDP growth in the current financial year will be 7 percent. The growth rate of the Indian economy was 8.7 percent in the financial year 2021-22.

India will continue to be the fastest growing major economy in the world.

Indian economy remains strong. Growth has been fueled by private consumption, higher capex, strengthening corporate balance sheets, credit growth to small businesses and return of migrant workers to cities.

India is the third largest economy in the world in terms of purchasing power parity (PPP). At the same time, it is the fifth largest economy in terms of exchange rate.

Real GDP growth in the next financial year could be 6-6.8 per cent, depending on global economic and political developments.

India's recovery from the Corona pandemic has been relatively rapid. Along with this, the Indian economy has been supported by strong domestic demand. Due to this, there has been a spurt in capital investment.

The Reserve Bank of India estimates that inflation may reach a maximum rate of 6.8 per cent in the current financial year.

Debt may remain costlier for a longer period of time to contain inflation.

The possibility of an interest rate hike by the US central bank US Fed may weaken the rupee against the dollar.

The current account deficit may widen as commodity prices remain high in the global market. At the same time, there is good demand in the economy. If the current account deficit widens, the rupee will weaken.

The pace of growth in exports has slowed down a bit in the second half of the current financial year. Slow global growth, shrinking global trade has reduced export promotion in the second half of the current year.

Schemes like PM Kisan, PM Garib Kalyan Yojana have contributed significantly in reducing poverty in India.

Schemes like PLI, National Logistics Policy and PM Gati Shakti have been launched for easy availability of loans, capital investment, expansion of public digital platform and to accelerate economic development. This has given pace to development.

Credit growth to small businesses stood at a remarkable over 30.5 per cent in January-November, 2022.

Reduction in unsold inventory and emergence of pentup demand led to an increase in the prices of houses.

The capex of the central government increased by 63.4 pc in April-November of the current financial year.

Despite the Russia-Ukraine conflict, the resilience of the Indian economy helped maintain the growth momentum.

Unperturbed by the withdrawal of foreign investors, the stock market gave positive returns in the calendar year 2022.

India has weathered the extraordinary challenges better than most economies

After a decline in FY21, GST collections picked up sharply on increased GST payments by small businesses. Now it has crossed the pre-pandemic level.

Economic growth in the current fiscal, led by private consumption, capital formation, has helped create jobs. The urban employment rate declined, while Employees' Provident Fund registrations increased.