India's retail inflation was above RBI's 6 per cent target for three consecutive quarters, and had only managed to fall back to the RBI's comfort zone in November 2022.
The economy is expected to grow at 7 per cent in real terms for the year ending March 2023. This follows an 8.7 per cent growth in the previous financial year
The President said the government had shown will-power to transform policies when required and talked of surgical strikes, abrogation of Article 370 in Jammu and Kashmir and law against triple talaq.
Union Home Minister Amit Shah on Tuesday said growth and optimism in all sectors in the Economic Survey 2023 shows that India is set to emerge as a global superpower.
India's foreign exchange reserves stood at USD 532.7 billion as of September-end of 2022, covering 8.8 months of imports according to the Economic Survey tabled by Union Finance Minister Nirmala Sitharaman in Parliament today.
The CEA said, "General government spending with both the Union and the state governments put together, education has gone up from Rs 5.3 lakh crore to Rs 7.6 lakh crore and healthcare almost more than double in the last three years."