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A Made in India tablet has replaced the traditional ‘Bahi Khata’ for the second consecutive year as Union Finance Minister Nirmala Sitharaman leaves the Finance Ministry’s office to go to the Parliament to present the Budget.
This is Sitharaman’s fourth consecutive Budget.
She will be presenting the financial statements and tax proposals for the fiscal year 2022-23 (April 2022 to March 2023). Setting the tone for the Union Budget 2022-23, the Economic Survey 2021-22 was tabled in the Parliament on Monday.
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It projects an 8-8.5 percent growth rate for the Indian economy in the 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.