Economic Survey 2023-24: FM Nirmala Sitharaman set to unveil key insights

The Economic Survey provides statistical information and analysis on various sectors of the economy

July 22, 2024

FM Nirmala Sitharaman to present Economic Survey 2023-24 in Parliament today

On the first day of the Monsoon Session of Parliament today, Union Finance Minister Nirmala Sitharaman will release the Economic Survey 2023-24.

Economic Survey 2023-24 serves as an extensive assessment of the economy, offering insights into growth projections and outlining current economic conditions. It presents a comprehensive overview of the nation’s economic status, future prospects, and the key policy hurdles that lie ahead.

The Ministry of Finance earlier said that Chief Economic Adviser Dr V Anantha Nageswaran will address the media in the afternoon after the Economic Survey 2023-24 is presented in the Lok Sabha.

This report crafted by the Economic Division of the Department of Economic Affairs within the Ministry of Finance, has been meticulously formulated under the guidance of the Chief Economic Adviser.

The Economic Survey provides statistical information and analysis on various sectors of the economy as well as data on employment, GDP growth, inflation, and the budget deficit.

This year’s Budget will be keenly watched as several major economies in the world have been struggling. India, on the other hand, has retained its tag as the fastest-growing economy.

According to RBI Governor Shaktikanta Das, if the average growth India recorded over the three years is seen, the average comes to 8.3 percent. In the current year, they have given a projection of 7.2 percent growth.

The Economic Survey will be presented at a time when the IMF has just raised its economic growth forecast for the country for FY25 to 7 percent from 6.8 percent projected in April.

In June, the Reserve Bank of India revised the growth forecast to 7.2 from 7 percent.

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