Key Highlights  Economic Survey 2023

India is to grow at 6.5% this year, less than 2022’s 7%, which has been due to the global economic and political developments

The rupee will depreciate further as the US Fed will probably hike their interest rates further But, India has sufficient forex reserves to manage this volatility

The country’s current account deficit widened to 4.4% in 2022 and will continue to widen because of the increasing global commodity prices

Overall,  India is stable even after a global economic slowdown

Private consumption,  more jobs  and increased capex  led to growth for India in 2022