NEW DELHI: Finance minister Nirmala Sitharaman tabled the Economic Survey 2021-22 in Parliament on Monday.
It presents details of state of the economy ahead of the government's budget for the fiscal year beginning April 1, 2022.
The survey projects Indian economy to grow by 8-8.5 per cent in financial year 2022-23.
For the current fiscal year, the survey expects economy to grow by 9.2 per cent, indicating a recovery to the pre-pandemic level.
The economy had contracted by 7.3 per cent in 2020-21 on account of impact of Covid pandemic and subsequent nationwide lockdowns to check the spread of coronavirus.
"Overall, macro-economic stability indicators suggest that the Indian economy is well placed to take on the challenges of 2022-23. One of the reasons that the Indian economy is in a good position is its unique response strategy," the survey said.
Referring to the price situation in the country, the survey said "although the high WPI inflation is partly due to base effects that will even out, India does need to be wary of imported inflation, especially from elevated global energy prices".
