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Economic survey 2023-2024

By: Contributor(s): Material type: TextTextPublication details: New Delhi Ministry of Finance 2024Description: 524pSubject(s): Online resources: Summary: Economic Survey for 2023-24 stresses need to address inequality and unemployment as a policy priority; it bats for Central and State governments to let go of their myriad regulatory powers to ease the burden on businesses. The Economic Survey for 2023-24 stands out from previous economic surveys in that it provides a more realistic picture of the challenges before India’s economic growth. As such, despite India’s GDP growing at more than 8% in FY 2023-24, the survey pegs the GDP growth rate for the current financial year (FY 2024-25) between 6.5% and 7%.
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Economic Survey for 2023-24 stresses need to address inequality and unemployment as a policy priority; it bats for Central and State governments to let go of their myriad regulatory powers to ease the burden on businesses. The Economic Survey for 2023-24 stands out from previous economic surveys in that it provides a more realistic picture of the challenges before India’s economic growth. As such, despite India’s GDP growing at more than 8% in FY 2023-24, the survey pegs the GDP growth rate for the current financial year (FY 2024-25) between 6.5% and 7%.

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