Economic Survey 2021-22: How eco survey creates road-map for upcoming budget, Zee Business explains

In special a report on Economic Survey 2021-22, Zee Business dissects the statement of accounts of the current fiscal to give estimates about the growth of the Indian economy.  

In this regard, Zee Business Anchor Deepak Dobhal special edition of Aapki Khabar Aapka Fayda, points the positives about the survey for FY22 and reviews it on various parameters. 

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The Economic Survey FY22 estimates that the GDP (gross domestic product) growth likely to be at 9.2 per cent for FY22, while in FY23 it shall be between 8-8.5 per cent.  

The survey also promises to ease up inflation, which may indirectly reduce the pressure from the Reserve Bank of India to increase the repo rate and eventually the interest rates, especially for housing and auto loans will be lowered, Dhopal points out. 

Similarly, Majority of the macroeconomic indicators project a speedy economic growth of the country also ready to face any challenges, the survey presented by finance minister Nirmala Sitharaman in the Parliament mentioned, according to Dobhal. 

Zee Business anchor further said that the as per the survey, the supply chain situation will improve, and the overall economic growth is likely to get better. Similarly, the export will have important role to play in FY23, in the country’s economic growth. 

With respect to gross non-performing assets (GNPA), Dhobal said the GNPA of public sector undertaking banks has improved to 8.6 per cent as of September 2021 as compared to 9.4 per cent year-on-year (YoY). 

The economic growth is getting a major support from two strong pillars that is agriculture and industrial growth, which is pegged at 11.8 per cent for FY22, Dhobal also said. 

Economic survey is overall statement of accounts, on the basis which future growth projection is estimated, and to prepare on data from agriculture, industry, employment, inflation among others is taken into account, moreover it also gives an overall feel of the upcoming budget.