NEWS WAVE INDIA: Finance Minister Nirmala Sitharaman on Monday presented the Economic Survey that details the state of the economy ahead of the government’s Budget for the fiscal year beginning April 1, 2022.

It projects an 8-8.5 percent growth rate for the Indian economy in 2022-23 fiscal year (April 2022 to March 2023). This compares to 9.2 percent GDP expansion projected by the National Statistical Office (NSO).

The Economic Survey 2021-22, details the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth.

The gross domestic product (GDP) contracted by 7.3 percent in 2020-21. The Survey focuses on supply-side issues to improve the resilience of the Indian economy. (PTI)