India is expected to witness GDP growth of 6.0 per cent to 6.8 per cent in 2023-24, depending on the trajectory of economic and political developments globally.
India's economy is expected to grow at 7 per cent in real terms for the year ending March 2023, this follows an 8.7 per cent growth in the previous year.
Private capex soon needs to take up the leadership role to put job creation on a fast track, the Economic Survey 2022-23 noted.India's economic growth in FY23 has been principally led by private consumption and capital formation. It has helped .
Credit growth to the Micro, Small, and Medium Enterprises (MSME) sector has been remarkably high, over 30.6 per cent, on average during January-November 2022, supported by the extended Emergency Credit Linked Guarantee Scheme (ECLGS) of the Union government, according to Economic Survey 2022-23.
India to witness 6 to 6 8 pc growth in 2023-24, high credit growth to MSMEs: Economic Survey shanghainews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghainews.net Daily Mail and Mail on Sunday newspapers.