India's Economic Survey Projects 6-8% GDP Growth  for FY24

India's Economic Survey: A Snapshot of the Nation's Economy with Performance Data and Scheme Outcomes.

India predicts 6-6.8% economic growth for 2023-2024, slower than 7% projection for 2022-2023 due to global slowdown effects on exports. Despite slower growth, India remains the fastest growing major economy.

[{"selector":"#anim-c77d3f35-1c27-4b81-b9a9-7570e7e2eaec","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

India continues to lead as World's fastest growing major economy. Overcoming the pandemic, conflict, and inflation, the economy has rebound in FY23.

[{"selector":"#anim-0eebc7e5-940c-4006-8424-7dea58d60b5f","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

India's pandemic recovery was boosted by strong domestic demand and capital investment. Government's increased capital expenditure offsets private sector caution.

[{"selector":"#anim-eff52102-e4e0-47be-a7cc-2ed200419e1f","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

India's inflation is in check. Borrowing costs are higher but managed. India's effective inflation management stands out compared to advanced economies facing sticky inflation.

[{"selector":"#anim-358804b0-a1c0-44a4-93cd-fc3a0821959b","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Current account deficit to widen due to elevated commodity prices & strong economic growth. Rupee may depreciate but external situation remains manageable.

[{"selector":"#anim-95a3d2e2-8884-44d3-913d-4eeb7cf3c420","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Ahead of the Budget'23 session, PM Narendra Modi has said that the Budget will aim to meet the hopes and expectations of common citizens, especially amid global economic downturn.

[{"selector":"#anim-2c5497d2-8b57-4805-adb0-7c0faa6e853d","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]