Economic Survey 2023-24: Key Highlights Ahead of Budget 2024

Positive Economic Outlook

The Economic Survey 2023-24, presented by Finance Minister Nirmala Sitharaman, paints an optimistic picture for the Indian economy. The survey projects a GDP growth rate of 6.5-7% for FY25, indicating a stable recovery from the challenges posed by the COVID-19 pandemic.

Government Interventions and RBI's Role

The survey attributes this positive outlook to the government's timely policy interventions and the Reserve Bank of India's (RBI) effective monetary policy. These measures have helped control inflation, support economic growth, and maintain financial stability.

10-Year Economic Review

In addition to forecasting future economic performance, the survey also provides a 10-year review of the Indian economy. This review highlights the progress made in various sectors, including manufacturing, agriculture, and services.