The document, prepared by a team of economists led by chief economic adviser V Anantha Nageswaran, analyses developments in the economy in the past year and makes projections for the following year.

Overall, the Centre’s capital expenditure went up 63.4 percent between April and November 2022, the survey said.

India’s DBT implementation has won praise from the IMF and the World Bank, among others, for efficiently providing support to the underprivileged sections of society.

Some meteorological agencies predict the return of El Nino conditions in India this year.

The survey showed that enhanced disclosures, robust code of conduct, and transparent governance structures have also improved banking performance.

The Survey notes that though the Indian economy is on a "strong wicket and stable footing, demonstrating resilience in the face of geopolitical challenges," and has consolidated its post-Covid recovery, heavy lifting has to be done on the domestic front to…

According to the Reserve Bank of India 97.87 percent of Rs 2000 notes have returned to the banking system.