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Business News/ News / India/  Economic Survey 2023 Live Updates: Economic Survey vows fiscal prudence as global risks weigh on growth
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Economic Survey 2023 Live Updates: Economic Survey vows fiscal prudence as global risks weigh on growth

Economic Survey 2023-24 Live Updates: Nirmala Sitharaman to table the survey in Parliament on Tuesday, a day ahead of Budget 2023.

Venkatraman Anantha Nageswaran, India's chief economic advisor. (Bloomberg)Premium
Venkatraman Anantha Nageswaran, India's chief economic advisor. (Bloomberg)

The Budget Session of Parliament began at 11 am today i.e. on 31 January, 2023. President of India Droupadi Murmu addressed both houses in a joint session. The Economic Survey was tabled with projections for economic growth for fiscal 2023-24. FM Nirmala Sitharaman tabled the Economic Survey in Parliament. As per the Economic Survey, India's economy to grow 6.5% in 2023-24, compared to 7% this fiscal and 8.7% in 2021-22 . 

31 Jan 2023, 12:10:17 PM IST

India at 40th rank Global Innovation Index from 81 in 2015: President

In 2015, India was ranked 81st in the Global Innovation Index. Now we have reached the 40th position. 7 years ago, when there were only a few hundred registered startups in India, today this number is reaching around 90,000.

31 Jan 2023, 12:02:12 PM IST

Country moving ahead with inspiration of five souls: President

In the golden age of independence, the country is moving ahead with the inspiration of five souls. My government is constantly trying to get rid of every sign of slavery, every mentality. What was once Rajpath has now become Kartipath, says President Droupadi Murmu

31 Jan 2023, 12:00:44 PM IST

President says in last 8 yrs, metro network increased more than three times

In the last eight years, the metro network in the country has increased more than three times.

31 Jan 2023, 11:59:17 AM IST

Govt striving to get rid of every sign of slavery

Govt striving to get rid of every sign of slavery, an example is change of name from Rajpath to Kartavya Path: Prez Murmu

31 Jan 2023, 11:56:50 AM IST

Defence exports have increased six times, says President

As a result of new initiatives by my government, our defence exports have increased six times. I am proud that today the first indigenous aircraft carrier in the form of INS Vikrant has also joined our Navy: President Murmu

31 Jan 2023, 11:55:26 AM IST

President 90,000 startups in India now

President Murmu has said that the country now has 90,000 startups 

31 Jan 2023, 11:49:55 AM IST

President speaks on development projects

On one side Ayodhya Dham being developed,& on the other side, a modern Parliament is being constructed. While redevelopment of Kedarnath Dham & development of Kashi Vishwanath Dham corridor & Mahakal project completed, simultaneously medical college being made in every district: Pres Murmu

31 Jan 2023, 11:47:28 AM IST

President speaks on PM Garib Kalyan Anna Yojana

I'm delighted that my Govt has decided to extend PM Garib Kalyan Anna Yojana in accordance with the new circumstances. This is the identity of a sensitive & pro-poor govt...This scheme is being appreciated across the world: President Droupadi Murmu to Parliament

31 Jan 2023, 11:45:54 AM IST

Govt chosen path of consolidating heritage, giving priority to development

Our heritage connects us to our roots and our development gives us the courage to touch the sky. That is why my government has chosen the path of consolidating heritage and giving priority to development, says President Murmu

31 Jan 2023, 11:44:25 AM IST

Women empowerment core of all schemes introduced by Govt

Women empowerment has been at the core of all schemes introduced by my govt. Today, we're seeing the success of 'Beti Bachao, Beti Padhao'. For the first time in the country, no. of women is more than men and the health of women has also improved more than before: President Murmu

31 Jan 2023, 11:43:15 AM IST

'Aspirational districts' program is now being repeated at the block level: President

The 'Aspirational districts' program is now being repeated at the block level, for which, 500 blocks have been identified in the country. The 'Vibrant villages' program to develop villages in border areas has also been introduced, says President Murmu

31 Jan 2023, 11:42:44 AM IST

India gave highest priority to protect lives of poor during Covid

We've seen that during COVID period, how living had become difficult for the poor across the world. But, India is one of those countries that gave highest priority to protecting the lives of the poor & tried to see that no poor in the country sleeps on an empty stomach: President

31 Jan 2023, 11:40:25 AM IST

Garibi hatao' is not just a slogan anymore

'Garibi hatao' is not just a slogan anymore. My government is working to have a permanent solution to the problems of the poor and empowering them: President Droupadi Murmu

31 Jan 2023, 11:35:16 AM IST

More than ₹27 lakh cr provided to crores of people

President Murmu says, "With complete transparency, more than 27 lakh crores have been provided to crores of people. A World Bank report states that with such schemes & systems India was able to save crores of people from dropping below the poverty line during COVID. 

31 Jan 2023, 11:34:01 AM IST

Government worked for every section of society without any discrimination, says President Murmu

My government has worked for every section of society without any discrimination. As a result of the efforts of my government in the last few years, many basic facilities have either reached 100% population or are very close to that target, says President Murmu

31 Jan 2023, 11:33:18 AM IST

About 11 crore families have connected with piped water: President

About 11 crore families have been connected with piped water supply in three years under the Jal Jeevan Mission. Poor families are getting the maximum benefit from this, says President Murmu to the joint sitting of Parliament

31 Jan 2023, 11:30:38 AM IST

Corruption biggest enemy of democracy and social justice, says President Murmu

President said, “My government is of the clear opinion that corruption is the biggest enemy of democracy and social justice. To seize the property of fugitive economic offenders, my government passed the Fugitive Economic Offenders Act"

31 Jan 2023, 11:22:40 AM IST

Stable, fearless and decisive government in the country, says President

Today, there is a stable, fearless and decisive government in the country that is working towards realising the big dreams, President Murmu said.
From surgical strike to strict action against terrorism, giving befitting response on LoC and LAC, to abrogating Article 370 in J&K and abolishing Triple Talaq, this government's identity has been that of a decisive one," she said.

31 Jan 2023, 11:11:51 AM IST

India's self-confidence at its highest: President Murmu

President Murmu in the joint session of Parliament said, “Today, India's self-confidence is at its highest and the world is looking at her from a different perspective. India is providing solutions to the world"

31 Jan 2023, 11:09:47 AM IST

President says by 2047, we have to build a nation that will be connected to the pride of the past

President Murmu in her first address said, “2047, we have to build a nation that will be connected to the pride of the past and which will have all the golden chapters of modernity. We have to build an India that will be 'aatmanirbhar' and capable to fulfill its humanitarian duties." 

31 Jan 2023, 11:08:51 AM IST

President Murmu arrives at the Parliament to deliver her first address

President Droupadi Murmu arrives at the Parliament to deliver her first address to its joint sitting

President Murmu
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President Murmu
31 Jan 2023, 10:52:48 AM IST

Ceremonial escort to President Droupadi Murmu to Parliament

Ceremonial escort to President Droupadi Murmu to Parliament to address the joint session at the start of the Budget session.

President of India
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President of India
31 Jan 2023, 10:44:57 AM IST

President's address matter of pride for our Constitution: PM Modi

Ahead of the Budget Session, PM Modi said “The President's first address to the joint session of Parliament is a matter of pride for our Constitution, and especially for respect of women. The whole world has its eyes on India."

AAP, BRS to boycott the President's address today

31 Jan 2023, 10:40:56 AM IST

PM Modi address ahead of the Budget session

PM Modi address ahead of the Budget session. He says, “Budget session begins today and at the beginning itself, credible voices from the world of economy, have brought in a positive message, a ray of hope & a beginning of enthusiasm. Today is important, President will address the joint session of the Parliament for the first time."

31 Jan 2023, 10:22:34 AM IST

Budget 2023 will brought keeping all sections of the society in mind: MoS Finance

MoS Finance Pankaj Chaudhary has said that the Economic Survey will be tabled by FM Sitharaman today. The 

"Union Budget 2023 will brought keeping all sections of the society in mind and also the country's economy, he added.

31 Jan 2023, 09:57:01 AM IST

Sonia Gandhi to attend President's address as other Cong MPs stuck in Srinagar due to inclement weather

Congress Parliamentary Party chairperson Sonia Gandhi will attend today’s Presidential address in Parliament as many of the party's MPs are struck in Srinagar, J&K due to inclement weather.
AAP, BRS have boycotted the President's address.

31 Jan 2023, 09:46:26 AM IST

Markets ahead of Economic Survey 2023 tabled in the Parliament

Sensex declined 203.74 points to 59,296.67 in early trade; Nifty falls 52.8 points to 17,596.15. Rupee falls 9 paise to 81.61 against US dollar in early trade

31 Jan 2023, 09:37:28 AM IST

BRS MP on boycotting President's address 

BRS MP K Keshava Rao said both BRS & AAP have decided to boycott the President's address to Parliament today. “We are not against the President but only want to highlight through democratic protest the governance failures of the NDA govt," he said.

31 Jan 2023, 09:28:47 AM IST

Stock Market LIVE

Catch all the LIVE updates here 

31 Jan 2023, 09:20:52 AM IST

Mallikarjun Kharge, other Congress MPs to miss President's address due to flight delay from Srinagar

Jairam Ramesh has said that due to delayed flights from Srinagar airport on account of inclement weather conditions, Mallikarjun Kharge & many other Congress MPs will be unable to attend the President's address to both Houses of Parliament at 11am today.
While speaking to ANI, Adhir Ranjan Chowdhury said, “Due to inclement weather in Srinagar, I've been stranded at the airport in Srinagar.I may fail to join the Presidential address in Parliament today. So I deeply express my regret, I'll communicate this to Speaker also."

31 Jan 2023, 09:00:07 AM IST

IMF cuts India's GDP growth forecast to 6.1% in 20233

Ahead of the Economic Survey, the International Monetary Fund (IMF) has said that it is expecting some slowdown in the Indian economy next fiscal year and projected the growth to 6.1 percent from 6.8 percent during the current fiscal ending March 31. Read more here

31 Jan 2023, 08:56:33 AM IST

President Droupadi Murmu to address joint sitting of Parliament

President Droupadi Murmu to address joint sitting of Parliament. This will be the first address by resident Droupadi Murmu to the joint sitting of Lok Sabha and Rajya Sabha. She was elected President last year.

There will be a separate sitting of the Rajya Sabha for the transaction of government business, half an hour after the conclusion of the President's address.

The sitting will be held for a short duration as per procedures for the transaction of government business.

The session will take place in two parts with the first part concluding on February 13. The second part will be held from March 13 and will conclude on April 6.

The first part of the session would also see discussion on the Motion of Thanks to the President Address. Prime Minister Narendra Modi will reply to the debate in both Lok Sabha and Rajya Sabha. The government will also push its legislative agenda in the budget session.

31 Jan 2023, 08:36:42 AM IST

Economic Survey likely to peg India's FY24 GDP growth at 6-6.8%

The Economic Survey 2022-23 (FY23), which will be tabled a day before the Union Budget 2023-24 (FY24), is likely to peg India's real gross domestic product (GDP) growth at 6-6.8% for 2023-24. Highlighting the state of the economy in the current fiscal 2022-23, the government survey is expected to say that growth is seen at 6.5% for FY24 under the baseline scenario. Read more here

31 Jan 2023, 08:28:10 AM IST

Bharat Rashtra Samithi to boycott President Murmu's joint address to Parliament today

Bharat Rashtra Samithi (BRS) will boycott President's address today. Confirming to ANI, a BRS source said, "The BRS will boycott the Presidential Address to the joint session of Parliament as a mark of protest against the NDA government's failure on all fronts of governance."

Asked why they chose to the skip address of the President, who holds the highest constitutional post in the country, BRS Lok Sabha MP Ranjith Reddy said there are good enough reasons to boycott the address. "Even the Governor of Telangana is a constitutional authority but you see what she has been doing. That is a good enough reason for us to boycott (the President's address)," Reddy said.

The BJP-led central government and the BRS regime in Telangana have been at odds for a while, with Chief Minister K Chandrasekhar Rao skipping several meetings chaired by Prime Minister Narendra Modi.

31 Jan 2023, 08:22:32 AM IST

AAP to boycott the President's Address today

Aam Aadmi Party (AAP) sources told ANI that the party will boycott the President's Address today. “The party's MPs will stay out of the Parliament House at the time of the address," they said.

31 Jan 2023, 08:20:54 AM IST

Opposition raises Adani issue at all party meet

While briefing the media after an all-party meeting convened by the government ahead of the Budget Session, Parliamentary Affairs Minister Pralhad Joshi said the government was willing to discuss every issue in Parliament under rules. "We seek Opposition's cooperation" in running the House smoothly.

At the meet, Aam Aadmi Party's Sanjay Singh, RJD's Manoj Jha, DMK, Left parties and others raised the Adani issue and sought discussion on it in Parliament during the session.

The US-based short seller Hindenburg Research has accused the Adani Group of wrongdoing like stock manipulation. The company has dismissed the allegations as "nothing but a lie".

31 Jan 2023, 08:10:54 AM IST

CEA Dr V. Anantha Nageswaran will address a Press Conference at 2 pm

CEA Dr V. Anantha Nageswaran will address a Press Conference on 31st Jan. 2023, at 2:00 pm in New Delhi after the presentation of Economic Survey 2022-23 by FM Nirmala Sitharaman in Parliament.

To watch the conference LIVE, click here

31 Jan 2023, 07:56:56 AM IST

Economic Survey: History and significance

The first economic survey came into existence in 1950-51 when it used to be a part of the budget documents. Read here

31 Jan 2023, 07:37:56 AM IST

How to watch the Economic Survey LIVE

The livestream of the economic survey can be watched on the government's official channels. PIB India will also livestream the release.

31 Jan 2023, 07:33:55 AM IST

The preparation

The Economic Survey is prepared by the Economics Division of the Department of Economic Affairs of the Finance Ministry under the overall guidance of the Chief Economic Adviser (CEA)

31 Jan 2023, 07:26:03 AM IST

What is Economic Survey?

The Economic Survey is an annual report card of the economy, which is presented a day before the budget and examines the performance of each and every sector and then suggests future moves. The Economic Survey document will give insights into the state of the economy and various indicators in the current financial year 2022-23 and the outlook for the following year. It is prepared by the Economic Division of the Department of Economic Affairs in the finance ministry and formulated under the supervision of the chief economic adviser V Anantha Nageswaran.

31 Jan 2023, 07:21:36 AM IST

Economic Survey 2023-24

The Economic Survey for 2023-24 will be released on Tuesday, January 31. It will be presented by the Finance Minister Nirmala Sitharaman in the Parliament during the Budget Session.

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