FM tables economic survey in Parliament, FY25 GDP growth projected at 6.5 to 7 percent

As the budget session of the Parliament has commenced, Nirmala Sitharaman, Union Minister of Finance, tables the Economic survey of India 2023-2024. The Economic Survey 2024 forecasts real GDP growth for FY25 at 6.5-7%.

The economic survey is an annual document presented by the Union Minister of Finance. It is typically presented in Parliament a day before the Union Budget and provides a detailed analysis of the country's economic performance over the past year. The Economic Survey also outlines the government's economic priorities, policy initiatives, and forecasts for the upcoming fiscal year.

The Economic Survey includes several key components: a macroeconomic overview that examines GDP growth, inflation rates, fiscal deficit, current account balance, and developments in the external sector. It also analyses the performance of different sectors such as agriculture, industry, services, infrastructure, and social sectors. The survey provides policy recommendations aimed at economic reforms, interventions, and strategies to tackle economic challenges.It offers insights into social development indicators, efforts in poverty alleviation, healthcare, education, and social welfare schemes as well. It also discusses global economic trends and their potential impact on India's economy.