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<\/span><\/figcaption><\/figure>MUMBAI: India's annual pre-budget economic survey<\/a> is likely to peg GDP growth<\/a> at 6-6.8% for 2023-24, according to a source.

The government survey is likely to say that growth is seen at 6.5% for 2023-24 under the baseline scenario, the person said, declining to be named as the matter was confidential. This would be the slowest in three years. Nominal growth is likely to be forecast at 11% for 2023-24, the source added.

Growth in the financial year beginning April 1 will remain strong relative to most global economies, led by sustained private consumption, a pick-up in lending by banks and improved capital spending by corporations, the survey will likely say, the source said.

An economic survey by Chief Economic Adviser V. Anantha Nageswaran will be tabled in the parliament on Tuesday by Finance Minister Nirmala Sitharaman, a day before she presents the
budget<\/a> for the next fiscal year.

The Economic Survey is the government's review of how the economy fared in the past year.

India's economy has rebounded since the COVID-19 pandemic, but the Russia-Ukraine conflict has triggered inflationary pressures and prompted central banks, including India's, to reverse the ultra-loose monetary policy they adopted during the pandemic.

The survey will likely take note of above-target
inflation<\/a> in India, estimated by the central bank at 6.8% in 2022\/23, but is likely to argue that the pace of price increases is not high enough to deter private consumption or low enough to weaken investment.

The survey will likely caution that pressure on the Indian rupee could continue due to the tightening of monetary policy, the source said. India's current account deficit (
CAD<\/a>) may also remain elevated as imports could remain high due to a strong local economy while exports ease due to weakness in the global economy, the survey will likely caution.

India's CAD was 4.4% of GDP in the July-September quarter, higher than 2.2% a quarter ago and 1.3% a year ago, as rising commodity prices and a weak rupee increased the trade gap.

Even growth of 6.5% could keep India among the fastest growing economies in the world, despite losing pace from an estimated 7% in the fiscal year that ends on March 31. It has grown at 8.7% in the previous year mainly due to pandemic-related distortions.

The survey will likely point to an improvement in employment conditions in India due to stronger consumption but add that a further pick-up in private investment is essential for job creation. The government's increased spending on infrastructure in the last two years should help, the document will argue.

Unemployment<\/a> in India had soared during the pandemic.

The government's economic research department will also likely point to improvement in the financial health of the Indian banking sector as a factor aiding economic growth.
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印度经济调查可能挂钩2023 - 24在三年来最慢的增长

政府调查可能会说,增长率在6.5% 2023 - 24在基线情况下,这位人士说,被命名为这件事是保密的。这是三年来最慢。名义增长可能是预测在11% 2023 - 24日源补充道。

  • 更新2023年1月31日,十一12点坚持
孟买:印度的年度先期预算经济调查很可能与美元挂钩国内生产总值增长在6 - 6.8%,2023 - 24,根据来源。

政府调查可能会说,增长率在6.5% 2023 - 24在基线情况下,这位人士说,被命名为这件事是保密的。这是三年来最慢。名义增长可能是预测在11% 2023 - 24日源补充道。

4月1日开始的财政年度增长将保持相对于大多数全球经济强劲,由持续的私人消费,银行借贷的增长,并改善公司资本支出,调查可能会说,该消息人士称。

广告
经济调查的首席经济顾问诉Anantha Nageswaran将周二在议会提出财政部长吧Sitharaman,前一天她了预算为下一个财政年度。

经济调查是政府审查的经济在过去一年的表现。

印度的经济反弹以来COVID-19大流行,但Russia-Ukraine冲突引发了通胀压力,促使中央银行,包括印度,扭转他们流感大流行期间采取超宽松货币政策。

超标的调查可能会注意通货膨胀在印度,估计央行6.8%的2022/23,但可能会认为价格上涨的步伐并不足以阻止私人消费或低足以削弱投资。

调查可能会警告说,印度卢比的压力可能会持续紧缩的货币政策,该消息人士称。印度的经常账户赤字(计算机辅助设计)可能也居高不下进口可能居高不下由于当地经济而强劲的出口缓解由于全球经济疲软,调查可能会谨慎。

印度的CAD是7 - 9月当季国内生产总值的4.4%,高于一年前的四分之一前的2.2%和1.3%,大宗商品价格上涨和卢比疲软增加了贸易逆差。

甚至6.5%的增长会让印度在世界上增长最快的经济体,尽管失去速度估计有7%的3月31日结束的财政年度。它在前一年增长8.7%主要是由于pandemic-related扭曲。

广告
调查可能会指向一个改善就业状况在印度由于较强的消费,但添加进一步回升私人投资对就业机会至关重要。政府增加基础设施开支在过去的两年里应该帮助,文档会说。

失业在印度有流感大流行期间飙升。

政府的经济研究部门也可能指向改善印度银行业财务状况因素帮助经济增长。
  • 发表在2023年1月31日11点坚持
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<\/span><\/figcaption><\/figure>MUMBAI: India's annual pre-budget economic survey<\/a> is likely to peg GDP growth<\/a> at 6-6.8% for 2023-24, according to a source.

The government survey is likely to say that growth is seen at 6.5% for 2023-24 under the baseline scenario, the person said, declining to be named as the matter was confidential. This would be the slowest in three years. Nominal growth is likely to be forecast at 11% for 2023-24, the source added.

Growth in the financial year beginning April 1 will remain strong relative to most global economies, led by sustained private consumption, a pick-up in lending by banks and improved capital spending by corporations, the survey will likely say, the source said.

An economic survey by Chief Economic Adviser V. Anantha Nageswaran will be tabled in the parliament on Tuesday by Finance Minister Nirmala Sitharaman, a day before she presents the
budget<\/a> for the next fiscal year.

The Economic Survey is the government's review of how the economy fared in the past year.

India's economy has rebounded since the COVID-19 pandemic, but the Russia-Ukraine conflict has triggered inflationary pressures and prompted central banks, including India's, to reverse the ultra-loose monetary policy they adopted during the pandemic.

The survey will likely take note of above-target
inflation<\/a> in India, estimated by the central bank at 6.8% in 2022\/23, but is likely to argue that the pace of price increases is not high enough to deter private consumption or low enough to weaken investment.

The survey will likely caution that pressure on the Indian rupee could continue due to the tightening of monetary policy, the source said. India's current account deficit (
CAD<\/a>) may also remain elevated as imports could remain high due to a strong local economy while exports ease due to weakness in the global economy, the survey will likely caution.

India's CAD was 4.4% of GDP in the July-September quarter, higher than 2.2% a quarter ago and 1.3% a year ago, as rising commodity prices and a weak rupee increased the trade gap.

Even growth of 6.5% could keep India among the fastest growing economies in the world, despite losing pace from an estimated 7% in the fiscal year that ends on March 31. It has grown at 8.7% in the previous year mainly due to pandemic-related distortions.

The survey will likely point to an improvement in employment conditions in India due to stronger consumption but add that a further pick-up in private investment is essential for job creation. The government's increased spending on infrastructure in the last two years should help, the document will argue.

Unemployment<\/a> in India had soared during the pandemic.

The government's economic research department will also likely point to improvement in the financial health of the Indian banking sector as a factor aiding economic growth.
<\/body>","next_sibling":[{"msid":97475238,"title":"Delhi govt's free Wi-Fi facility down for a month as contract runs out","entity_type":"ARTICLE","link":"\/news\/delhi-govts-free-wi-fi-facility-down-for-a-month-as-contract-runs-out\/97475238","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":97475744,"entity_type":"ARTICLE","title":"India economic survey likely to peg 2023-24 growth at slowest in three years","synopsis":"The government survey is likely to say that growth is seen at 6.5% for 2023-24 under the baseline scenario, the person said, declining to be named as the matter was confidential. This would be the slowest in three years. Nominal growth is likely to be forecast at 11% for 2023-24, the source added.","titleseo":"telecomnews\/india-economic-survey-likely-to-peg-2023-24-growth-at-slowest-in-three-years","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2023-01-31 11:02:50","lastupd":"2023-01-31 11:12:41","breadcrumbTags":["pre-budget economic survey","budget","cad","India economic survey","india financial year","inflation","Unemployment","internet","GDP growth"],"secinfo":{"seolocation":"telecomnews\/india-economic-survey-likely-to-peg-2023-24-growth-at-slowest-in-three-years"}}" data-news_link="//www.iser-br.com/news/india-economic-survey-likely-to-peg-2023-24-growth-at-slowest-in-three-years/97475744">