The extensive process involved consultations with various stakeholders and the public from 2015 to 2019. The primary objective was to promote employment creation, streamline the web of antiquated legislations, reduce the multiplicity of definitions and authorities, and enhance transparency a
India's foreign exchange reserves during the recently concluded financial year 2023-24 increased the highest among major reserves-holding countries globally, asserted the Economic Survey tabled in the Parliament on Monday.
The demand for employment under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) is not a true indicator of rural distress, highlighted the Economic Survey 2023-24, released by the finance ministry on Monday.
The Economic Survey for 2023-24 tabled in the Parliament on Monday identified six key policy focus areas in order to achieve a sustained economic growth.
In the medium term, the Indian economy can grow at a rate of 7 per cent plus on a sustained basis if we build on the structural reforms undertaken over the last decade. This requires a tripartite compact between the Union Government, State Governments and the private sector.
Union Finance Minister Nirmala Sitharaman on Monday tabled the Economic Survey 2023-24 in Parliament along with the statistical appendix ahead of the Budget for 2024-25 to be presented on Tuesday.
The Indian exports have been growing since financial year (FY) 2017 with the exception of slow down observed in FY 2020, the economic survey of 2023-24 revealed on Monday which was tabled in the parliament ahead of the union budget.
India's workforce is nearly 56.5 crore, with more than 45 percent employed in agriculture, 11.4 percent in manufacturing, 28.9 percent in services, and 13.0 percent in construction, highlights the Economic Survey 2023-24 released by the finance ministry on Monday.
India's economy carried forward the momentum it built in 2022-23 into 2023-24 despite a gamut of external challenges, the Economic Survey said. India's real GDP grew by 8.2 per cent in 2023-24, exceeding 8 per cent mark in three out of four quarters of 2023-24.
The global energy price index experienced a sharp decline in FY24. On the other hand, the Central Government announced price cuts for LPG, petrol, and diesel. As a result, retail fuel inflation stayed low in FY24, the Survey said.
The Indian economy is on a strong wicket and stable footing, demonstrating resilience in the face of geopolitical challenges, as per the Economic Survey 2023-24 tabled in the Parliament on Monday.