Economic Survey 2022-23: Reforms, capital expenditure push to aid growth

Economy seen growing at 6.5% next fiscal year; 'more steps will attract MNCs to set up base in India'

The Economic Survey for 2022-23, tabled in Parliament on Tuesday, says that the recovery after Covid-19 is complete and exudes confidence that the economy is poised to reap the benefits of reforms undertaken by the Modi government in its two terms so far once external shocks fade.

It flagged external concerns including muted global demand, which may batter exports, and high commodity prices, which may widen the current account deficit (CAD).

The Survey wanted policymakers to take more steps to make India a favourable destination for multinational corporations. This may make the economy grow 7-8 per cent a year in the medium