Categories: Economy

EAC-PM projected India’s GDP growth at 7.0-7.5% in FY23

The meeting of the Economic Advisory Council to the Prime Minister (EAC-PM) members was held in New Delhi to examine the Indian economic growth in 2022-23 (FY23) and further. There, EAC-PM members projected India’s real Gross Domestic Product (GDP) to 7-7.5% and a nominal rate of growth of more than 11% in FY23. They also projected growth of 5% in the current fiscal year (FY22) from a record contraction of 7.3% (-7.3%) in FY21.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

About EAC-PM:

  • Chairman: Bibek Debroy
  • Part-Time Members: Rakesh Mohan, Poonam Gupta, T.T. Ram Mohan, Sajid Chenoy, Neelkanth Mishra, and Nilesh Shah

Find More News on Economy Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Puri Jagannath Temple Moves to Trademark ‘Jagannath Dham’: Why Odisha Is Protecting Sacred Names and Symbols

The 12th-century Jagannath Temple in Puri, the Shree Jagannath Temple Administration (SJTA) has attained trademark…

32 minutes ago

Who Was the First Indian to Win a Commonwealth Games Gold Medal in Weightlifting?

India has had an abundance of legendary players in weight lifting like Mirabai Chanu, Karnam…

1 hour ago

Mahatma Jyotirao Phule Jan Arogya Yojana (MJPJAY): Maharashtra’s Cashless Health Insurance Scheme

The Mahatma Jyotirao Phule Jan Arogya Yojana (MJPJAY) is a premium health insurance initiative started…

1 hour ago

Uttarakhand to Radio-Collar Elephants Ahead of Haridwar Kumbh 2027

As work are underway for the 2027 Haridwar Kumbh Mela, the Uttarakhand Forest Department has…

2 hours ago

Majhi Kanya Bhagyashree Scheme 2025: Eligibility, Benefits, Documents & How to Apply

The Majhi Kanya Bhagyashree Scheme is a important government initiative run by the Maharashtra Government…

2 hours ago

What is Bhargavastra? India’s Indigenous Shield Against Drone Swarms

Bhargavastra is a homegrown anti-swarm drone system that has been engineered to neutralize enemy drones…

3 hours ago