Economic Survey predicts India's GDP to grow 6.5% next year

In FY24, it is predicted that the Indian economy will expand by 6.5 percent in real terms due to increased domestic demand.

[{"selector":"#anim-9bc05daf-f7f4-4d2c-91c3-3451ce9881cd","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4ee5f59c-619b-4d5a-a8bc-4c34c16a1078","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-50192efb-eaea-42ef-879e-68c784004f68","keyframes":{"transform":["translate3d(107.98817%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The nominal GDP growth rate is projected to be close to 11%.

[{"selector":"#anim-9827fe3d-88a0-47a0-bb91-817658317345","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-adfd1ca0-c13a-45b5-a6f1-6f2ba1aa1809","keyframes":{"transform":["translate3d(107.98817%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f5babeed-d80c-4ae0-be8e-0618e8936122","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

The Economic Survey 2022–23 most likely predicted a growth rate of 7% for the current fiscal year, 2022–23.

[{"selector":"#anim-4b899d72-0082-49cd-a738-1aa0a977178c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6558b4a4-2fa1-460b-a335-bfe0c04843fb","keyframes":{"transform":["translate3d(107.98817%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7fe9e8c2-58ef-437e-be85-5d2005979c35","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

This is higher than the Reserve Bank of India's predicted 6.8% growth rate.

[{"selector":"#anim-21ad5423-6ec5-4b45-9387-c4e4cc43813b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2f4cb180-53ad-4bc8-941f-d2440b7fa70a","keyframes":{"transform":["translate3d(107.98817%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f77f0b9c-257b-4621-8dbc-c4de80a64f5d","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

In 2021-22, the economy had posted a growth rate of 8.7 per cent.

[{"selector":"#anim-add2aef5-5088-4cbe-8c09-9d6d0d0c719e","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-83b8162e-fbfa-483e-b592-c5177874547b","keyframes":{"transform":["translate3d(107.98817%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-721aeb2e-b020-4c88-ba32-988be91b5ca4","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]