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).
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“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.
