Finance minister Nirmala Sitharaman tabled the Economic Survey 2022 in the Lok Sabha on Monday, January 31. It projected an 8 per cent to 8.5 per cent growth rate for the Indian economy in 2022-23 fiscal year.
Indian economy is likely to witness a real GDP expansion of 9.2 per cent in 2021-22 fiscal year, according to the advance estimates, the Economic Survey mentioned.
It is a longstanding tradition to present a Economic Survey a day before the Union Budget. The Economic Survey provides a glance at how Indian economy has performed in last one year. It was first presented in 1950-52 and submitted a along with the Union Budget until 1964. From the year 1964, the ministry started to release the survey a day before Budget day.
With inputs from News18