With Ram Nath Kovind concluding his speech and commencing the Budget session, all eyes are on the Economic Survey 2021-22, which is set to be tabled by Finance Minister Nirmala Sitharaman.
9.2 per cent for the next financial year, that is FY22. For FY23, the GDP forecast was pegged at 8 to 8.5 per cent. However, the Economic Survey often misses on the GDP forecast.
The document lauded the government for its efforts during the pandemic.
Nirmala Sitharaman presented the Economic Survey 2022 the Lok Sabha on Monday. This was done soon after the Presidentâ€™s Address to both Houses of Parliament. This came a day before she presents the Union Budget 2022.
The President commenced the Budget session with a long speech to both the Houses of the Parliament. During the speech, Kovind lauded Indiaâ€™s fight against Covid-19, and also praised the government for its efforts to help the rural population in India and elevating the status of women in the country. He also highlighted Indiaâ€™s growing self-reliance in the defence sector.
Just days before the presentation of the Economic Survey, the government appointed economist V Anantha Nageswaran as the new Chief Economic Advisor (CEA).
Chief Economic Advisor Dr. V. Anantha Nageswaran is set to address a press conference today at 3:45 pm, as per reports. This will be his first press conference since assuming charge as the new CEA of India.
The Economic Survey this year, like usual, is expected to be in line with the Budget which is likely to focus on the healthcare sector amid the pandemic. The Budget 2022 is set to be presented at the Parliament on February 1.
Ahead of the Budget session, Prime Minsiter Narendra Modi addressed the media. â€œBudget Session commences today. I welcome you and all MPs to this session. In todayâ€™s global situation, there are a lot of opportunities for India. This session instils confidence in the world regarding the countryâ€™s economic progress, vaccination program, Made in India vaccine,â€ said PM Modi as per ANI.
â€œTrue that polls affect Sessions and discussions. But I request all MPs that elections will go on but Budget Session draws a blueprint for entire year. The more fruitful we make this session, the better opportunity rest of the year becomes to take the country to economic heights,â€™ he added.