Economic Survey 2023-24 Forecasts Robust GDP Growth for India

Monday, 22 July 2024, 07:32
The Economic Survey for 2023-24 reports that India's GDP is projected to grow between 6.5% and 7% in the 2024-25 fiscal year. This positive outlook is driven by a resurgence in private investment, anticipated improvements from structural reforms, and favorable rain forecasts alongside increased demand from advanced economies. Finance Minister Nirmala Sitharaman presented the survey in Lok Sabha, reinforcing the government's commitment to stimulate economic growth.
Uniindia
Economic Survey 2023-24 Forecasts Robust GDP Growth for India

Economic Growth Forecast

The Economic Survey 2023-24, presented by Finance Minister Nirmala Sitharaman, projects India's real GDP to grow at 6.5-7% for the fiscal year 2024-25. This anticipated growth is driven by several key factors:

  • Private Investment Recovery
  • Implementation of Structural Reforms
  • Forecasted Normal Rainfall
  • Increased Demand from Advanced Economies

Conclusion

The positive outlook for India's economy aligns with the government's continued efforts to enhance growth through strategic policy measures. Stakeholders are optimistic as various sectors prepare to respond to this growth trajectory.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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