2023 economic survey news report:The slowdown of the world economy will seriously affect imports and exports, so India predicted on Tuesday that its funds will increase by 6% to 6.8% in fiscal year 24. However, it is less than 7% of the annual forecast. In this year's economic development survey and research report, the government department indicated that its growth standard scenario from 2023 to 2024 was 6.5%. However, taking full account of inflation, the nominal growth forecast is 11%.

The national assessment of the economic situation of the previous year is mainly included in the survey. howeverNirmala Sitharaman, Minister of FinanceThe financial budget was submitted to Parliament on Wednesday.

The following are important highlights of the 2023 economic survey

1. India's economic development will grow by 6.5% in 2023-2024, while the growth rate in this fiscal year is 7.5%, and 8.7% in 2021-2022.
2. India will also continue to become the world's fastest growing key economic power.
3. In the next fiscal year, the nominal value of gross national product (GDP) will also be 11%.
4. According to the global economic and political development, the real GDP growth rate is expected to be between 6% and 6.8% in the future fiscal year.
5. Because of deep-rooted inflation, borrowing costs may be "higher" again
6. The probability of further interest rate hikes at the Federal Reserve meeting tested the rupee swap.
7. Prime Minister Kisan and Prime Minister Gamob Mediyan Yujana are two projects that give full play to their important role in reducing poverty.
8. Due to low inflation and scientific and reasonable credit costs, bank loan business is expected to grow rapidly in fiscal year 24.

How should cryptocurrency be controlled?

One issue of concern is2023 guild expense budgetThe method is what the government will do to deal with the cryptocurrency problem. According to the 2022 expense budget announcement, all profits from cryptocurrency trading will also be subject to a 30% unified tax. It also announced a 1% tax deduction (TDS) at the source. Since then, there have been rumors that the Indian government departments plan to implement what kind of controlCryptocurrency.

Taxmann, a tax consultancy, proposed that cryptocurrency transactions involving transactions exceeding the threshold must comply with TDS/TCS requirements. Based on this, the government department is likely to track cryptocurrency investors.

India is expected toWorldwide data encryption controlIn this year's presidency of the G20 Summit. The cost budget for 2023 will include the countermeasures related to cryptocurrency, as a view of India's position on cryptocurrency around the world.