Congress questions Economic Survey, asks if 'actual' GDP growth for 2023-24 would be 5.44%

The annual survey, tabled on Tuesday on the eve of Union budget, projected the economy would grow at 6% to 6.8% during the upcoming financial year.

Published on: Jan 31, 2023, 15:48:42 IST

By HT News Desk, New Delhi

Prefer HTon Google

Share via

Copy link

Congress spokesperson Gourav Vallabh on Tuesday questioned the projected GDP growth rate for the upcoming financial year (2023-24), pegged at 6% to 6.8% by the annual pre-budget Economic Survey, asking if GDP would ‘actually’ grow at 5.44% during this period.

Also Read | GDP to grow at 6.5% in 2023-24 compared to 7% this fiscal: Economic Survey

Vallabh, who often speaks for the grand old party on issues related to economy, based his question on the 15% difference between the projected and actual GDP growth for the current fiscal (2022-23).

Click here for Live updates on Economic Survey 2023

“The Economic Survey of 2022 predicted our economy to grow at 8-8.5 for year 22-23. Actual - Around 7% (15% Discounting). Now Economic Survey of 2023 is predicting GDP growth for year 23-24 at 6%-6.8%. Actual - ?? (5.44% if we apply the same discounting,” he said in a tweet, shortly after Union finance minister Nirmala Sitharaman unveiled the figures in Lok Sabha.

The Economic Survey stated that between April 1, 2022, and March 31, 2023, the country's economy would have grown at 7%, which is 15% less than what was projected in the previous survey, presented on January 31 last year.

Also Read | Economic Survey 2023-24: How to download the document

Meanwhile, at 11 am on Wednesday, finance minister Sitharaman will present the Union budget in Lok Sabha. The upcoming budget assumes significance as it will be the last full budget of the Modi government, before it faces parliamentary elections in April-May 2024.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Get the latest India News, breaking headlines and real-time updates from across the country. Stay informed about politics, government policies, crime, weather and major national developments.