Economic Survey - India`s GDP growth estimated at 6-6.8% Says Suman Bannerjee, Hedonova
Below is comment from Suman Bannerjee, CIO, Hedonova, An AIF firm investing in alternative assets such as NFTs, Crypto and P2P lending on Economic Survey
The Economic Survey 2022-23 projects India's economy to grow 6.5% in 2023-24, with growth driven by private consumption, higher capex, and credit growth to small businesses. India remains the fastest-growing major economy in the world, with real GDP growth estimated at 6-6.8%. Inflation is projected to be 6.8%, while the external situation is expected to remain manageable with sufficient forex reserves. Schemes like PM Kisan and PM Garb Kalyan Yojana and credit disbursal are expected to drive growth, with bank credit growth predicted to be brisk. India's resilience helped it withstand the Russia-Ukraine conflict and stock market gave positive returns in 2022
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