Economic Survey 2023-24: Projected Growth for India's GDP in FY25

Monday, 22 July 2024, 07:07
The Economic Survey 2023-24 projects India's real Gross Domestic Product (GDP) growth for FY25 to be between 6.5% and 7%. This significant increase follows a noteworthy rise in FY24, with GDP levels reported 20% higher than in FY20. These findings indicate robust economic growth prospects for India, indicating the country's ability to sustain momentum amid global challenges. The government is committed to fostering *inclusive growth*, leveraging fiscal strategies outlined in the *Union Budget of India* led by Finance Minister *Nirmala Sitharaman*.
Economictimes
Economic Survey 2023-24: Projected Growth for India's GDP in FY25

Economic Survey Overview

This year’s Economic Survey highlights India’s strong economic performance and projections for the upcoming fiscal year.

GDP Growth Projections

  • India’s real GDP growth for FY25 is anticipated to be in the range of 6.5% to 7%.
  • The increase in GDP is 20% higher compared to FY20 levels.
  • This growth rate positions India uniquely among major economies.

Government Strategies for Growth

The government aims for *inclusive growth*, focusing on initiatives outlined in the Union Budget of India. Finance Minister Nirmala Sitharaman emphasizes innovative strategies that bolster economic strength.

Conclusion

  1. The upcoming fiscal year's projections indicate *strong economic prospects*.
  2. Continued monitoring of growth indicators will be essential for policymakers.

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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