Finance Minister Nirmala Sitharaman tabled the Economic Survey report in the Lok Sabha on Monday, marking the first day of the Budget session of the Parliament. The Survey projected a GDP growth rate in the range of 8-8.5% for the next fiscal 2022-23 (FY23). The economy is projected to grow at 9.2 per cent in the current fiscal.
The Budget session of Parliament is likely to be stormy with Opposition parties all geared up to raise the Pegasus snooping allegations, farmers’ issues and the border row with China. The session is being held in the midst of crucial assembly elections in five states, including Uttar Pradesh, where the BJP is locked in a bitter electoral contest with its rivals, and with the campaigning in full swing, it will have an effect on Parliament proceedings.