India’s GDP to grow 7.4% in 2022-23: FICCI Economic Outlook Survey
India’s Gross Domestic Product (GDP) is expected to grow 7.4 per cent in the current financial year 2022-23, according to the FICCI Economic Outlook Survey.
India’s Gross Domestic Product (GDP) is expected to grow 7.4 per cent in the current financial year 2022-23, according to the FICCI Economic Outlook Survey.
Good thing is, as the Survey has pointed out, that the Government has the fiscal capacity to maintain the support, and ramp up capital expenditure when required.
Addressing the nation on the eve of the 73rd Republic Day, he said it is a testimony to India’s spirit in the face of adversity that the economy is on the move again, after going through contraction last year.
The pace of recovery started picking up due to increase in corporate travel, but it was short lived as the onset of second wave brought back travel restrictions and derailed the recovery.
"It is clear if you apply old world formulas to new world situations, your outcomes can only be sub-optimal,"
