Economic Survey 2023-24: Economy expected to grow at 6.5-7 pc in FY25
New Delhi: Finance Minister Nirmala Sitharaman on Monday presented the Economic Survey 2023-24, along with the statistical appendix in the Lok Sabha.
The survey stated that the GDP is expected to grow between 6.5 and 7 per cent in 2024-25.
The Economic Survey is an annual document presented by the government ahead of the Union Budget to review the state of the economy.
The document also provides an overview of the short-to-medium-term prospects of the economy.
The Economic Survey is prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance under the supervision of the chief economic adviser.
The first Economic Survey came into existence in 1950-51 when it used to be a part of the budget documents.
In the 1960s, it was separated from the Union Budget and tabled a day before the presentation of the Budget.
The Union Budget for 2024-25 will be presented by Sitharaman on Tuesday.
Highlights from Economic Survey 2023-2024
- Economy expected to grow at 6.5-7 pc in FY25
- Domestic growth drivers supported economic growth in FY24 despite uncertain global economic performance
- Escalation in geopolitical conflicts and its impact may influence RBI’s monetary policy stance: Eco Survey
- Expectations of normal monsoon, moderating global prices of imports give credence to benign inflation projections by RBI
- India’s policy adeptly steered through challenges, ensuring price stability despite global uncertainties
