{"id":6696,"date":"2022-02-01T10:45:23","date_gmt":"2022-02-01T05:15:23","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=6696"},"modified":"2022-02-01T10:46:33","modified_gmt":"2022-02-01T05:16:33","slug":"economic-survey","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/economic-survey\/","title":{"rendered":"Talking Points of Economic Survey &#8211; Union Budget 2022"},"content":{"rendered":"\n<p>On the first day of the Parliament&#8217;s Budget session, Finance Minister Nirmala Sitharaman presented the Economic Survey report to the Lok Sabha. For FY 2022-2023, the Survey forecasted a GDP growth rate of 8-8.5% (FY 2023). In the current fiscal year, the economy is expected to grow at a rate of 9.2%.<\/p>\n\n\n\n<p>The opposition parties are gearing up to discuss the Pegasus snooping claims, farmers&#8217; difficulties, and the border dispute with China during Parliament&#8217;s budget session. The session is taking place in the middle of vital assembly elections in five states, including Uttar Pradesh, where the BJP is engaged in a fierce electoral battle with its opponents. And it will have an impact on Parliament proceedings because campaigning is in full gear.<\/p>\n\n\n\n<p>&#8220;Widespread vaccine coverage, gains from supply-side reforms and regulatory ease, healthy export growth, and the availability of fiscal space to ramp up capital spending&#8221; will all contribute to growth According to the Economic Survey. &#8220;The forecast is predicated on the premise that no more pandemic-related economic disruption will occur.&#8221;<\/p>\n\n\n\n<p>Here are the main points of discussion that happened during the Survey:<\/p>\n\n\n\n<ul><li><a href=\"https:\/\/www.tickertape.in\/blog\/indian-economy-to-rebound-strongly\/?utm_source=blog&amp;utm_medium=article\">Economic activity<\/a> has returned to pre-pandemic levels, putting the economy in a strong position to face difficulties in 2022-2023.<\/li><li>Growth projections based on oil price projections of $ 70-75 per barrel next fiscal year, versus current price of $ 90 per barrel.<\/li><li>Growth projections based on vaccine coverage, gains from supply-side reforms, and regulatory easing.<\/li><li>Rather than demand management, India&#8217;s economic reaction to the pandemic&#8217;s damage has been supply-side reforms.<\/li><li>India&#8217;s flexible policy response differed with most other countries&#8217; waterfall strategy of releasing front-loaded stimulus packages in 2020.<\/li><li>Strong export growth and budgetary space to ramp up capital spending to sustain growth in the coming fiscal year.<\/li><li>Private sector investment to be prioritised, with the financial system in a strong position to aid the economy&#8217;s recovery.<\/li><li>The privatisation of <a href=\"https:\/\/www.tickertape.in\/blog\/tata-sons-won-the-bid\/?utm_source=blog&amp;utm_medium=article\">Air India<\/a> is critical to the government&#8217;s privatisation push, as are calls for private engagement in all sectors.<\/li><li>Following an increase in deficit and debt indicators the previous year, government finances are expected to be consolidated in 2021-2022.<\/li><li>India went from being one of the &#8216;Fragile Five&#8217; to having the fourth largest FX reserve, providing policymakers more freedom to manoeuvre.<\/li><li>Although high wholesale price <a href=\"https:\/\/www.tickertape.in\/blog\/stock-market-index\/\">index<\/a> (WPI) inflation is partly due to base effects that will eventually fade, import inflation, particularly from rising global energy prices, must be avoided.<\/li><li>The global container market is still undergoing disruptions, which will have an influence on global marine traffic.<\/li><li><a href=\"https:\/\/www.tickertape.in\/blog\/mitigating-portfolio-risk-through-diversification\/\">Diversification<\/a> of crops toward oilseeds, pulses, and horticulture must be prioritised.<\/li><li>Climate finance will continue to be important to India&#8217;s success in achieving its net-zero carbon emission target by 2070.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Did you miss the Economic Survey of 2022? This article covers all the main highlights of the Survey for you to read.<\/p>\n","protected":false},"author":54,"featured_media":6636,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[10,1744],"tags":[1257,1256,1233,1255,209],"acf":[],"modified_by":"Ayushi Mishra","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/01\/12-1.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6696"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=6696"}],"version-history":[{"count":3,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6696\/revisions"}],"predecessor-version":[{"id":6700,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6696\/revisions\/6700"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/6636"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=6696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=6696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=6696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}