Budget 2023: Economic expectations will get strength! economic forecast 6 to 6.8 percent growth rate A to Z Counsel

New Delhi : The upcoming financial year should be of rapid development and what will be the path of progress, or will the expectations get strengthened, according to the economic report on Tuesday. It has been expressed that India will maintain a growth rate of 6 to 6.8 percent in 2023-24 or the economic year even though the world economic situation is oscillating. However, this estimate is less than the seven percent estimate for the current financial year.

The International Monetary Fund’s forecast of India’s GDP (Gross National Product) at 6.1 per cent has been revised higher than the previous estimate of the International Monetary Fund. In the current financial year, the rate of growth of 7 percent and in the last financial year 8.7 percent would have been projected. Today, before presenting the country’s budget on Wednesday, Finance Minister Nirmala Sitharaman presented the economic report in Parliament on Tuesday. Since 2020, the world economy has suffered at least three setbacks, says Chief Economic Advisor V. Ananth Nageswaran said. With the Corona crisis, the Russia-Ukraine war, and the US Federal Reserve, central banks around the world raised repo rates to reduce inflation. His shocks were attributed to the economy and the society. The increase in repo rates by the US led to a fall in the rate of most currencies against the dollar. The result was an increase in financial breakdown. Worried like Corona, the Indian economy has taken a step forward. In the current financial year or in the current financial year, it is a positive thing compared to many other countries. Due to this India can achieve the pace of development in the pre-Corona era by 2023 or in the year, such reports have been made clear. However, in the current year, it has been mentioned in the surveys that the challenge of the troubled economic times in Europe will spread to India.

In the current financial year, the Reserve Bank would have given an estimate of 6.8 percent inflation. But the speed of the gate is not so high as to be of concern, or because of this there is no result of the engagement, it was found in the survey. In the current financial year, the fiscal deficit would have been 4.4 per cent compared to the July to September or quarterly GDP. The previous quarter would have been 2.2 percent. The result of inflation, fall in rupee was seen in increasing the difference between import and export and due to this the financial gap increased. However, due to increase in demand, the employment situation has improved. It was mentioned that there is a need to increase private investment for the availability of more jobs.

inflation will come to 5 percent

Washington: India’s inflation will decrease to 6.8 percent in the current financial year ending March 31. Similarly, the inflation rate will decrease further in the economic year and will be empty up to 5 percent, according to the forecast of the International National Fund on Tuesday. In 2024-25 or the financial year inflation will be 4 per cent, as many investors say. This is the opinion of Daniel Leh, the head of the revision department of Nanidhi.

the budget will be

ray of hope

New Delhi: The budget to be presented on Wednesday with respect to India has tried to fulfill the hopes and aspirations of the common citizens. In the current global economic instability, it will be a ray of hope for the world,’ said Prime Minister Narendra Modi on Tuesday. Finance Minister Nirmala Sitharaman will present the budget on Wednesday. This budget is trying to fulfill the hopes and aspirations of the people. The moment of the President’s first address to the Parliament was full of enthusiasm and energy, for which the Members of Parliament are responsible. Mere, MP gave the best response, Yachi mala khatri aahe,’ said Modi as well.

budget today

New Delhi: Union Finance Minister Nirmala Sitharaman will present the budget in the Lok Sabha today, Wednesday, February 1 at 11 am. The budget for the financial year 2023-24 will be presented with respect, this is Sitharaman’s fifth full budget in a row. There will be a shadow of the Lok Sabha elections to be held in 2024 on the economic new year starting from 1st April. Or this will be the last Union Budget of the current Modi government before the elections.