The Economic Survey tabled in Parliament conservatively projects India's real GDP growth of 6.5-7 per cent, cognizant of the fact that market expectations are on the higher side.
Underscoring the importance of a strong healthcare system in the country, the Economic Survey said a sound healthcare system interconnected with long-term factors responsible for inclusive growth is vital for a resilient economy.
Presented today in Parliament by Union Finance and Corporate Affairs Minister Nirmala Sitharaman, the Survey emphasizes the resilience of the Indian economy and its stable post-Covid recovery.
Chief Economic Advisor V Anantha Nageswaran emphasized the crucial and positive role that artificial intelligence (AI) can play for the Indian demography and labour force during a press conference on the Economic Survey 2023-24.
India is poised to remain the fastest-growing major economy in 2024-25, Chief Economic Adviser V Anantha Nageswaran said in a press conference after the tabling of the Economic Survey in the Parliament on Monday.
According to the Survey document, raising investor awareness and continuous financial education are essential to warn investors of the low or negative expected returns from derivatives trading.
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 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.
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.