Economic Survey 2023-24

September 16, 2024 5:22 PM

India’s per capita income projected to reach Rs 14.9 lakh by 2047

As India approaches its 100th year of independence in 2047, the country's per capita income is projected to reach Rs 14.9 lakh, according to a presentation made by Chief Economic Adviser V Anantha Nageswaran. As per a presentation made by the Chief Economic Adviser V Anantha Nageswaran at a press conference after the tabling of the Economic Survey for 2023-24, the per capita income is currently Rs 2.12 lakh in 2023-24. In dollar terms, it is at USD 2,500. This figure represents more than a dou...

July 22, 2024 5:17 PM

India to remain fastest growing major economy in 2024-25, says CEA Nageswaran

India is poised to remain the fastest-growing major economy in 2024-25, Chief Economic Adviser V Anantha Nageswaran stated in a press conference after the tabling of the Economic Survey in Parliament on Monday. The Economic Survey projects India to grow at a rate of 6.5-7.0 percent in 2024-25. Global institutions, including the IMF, OECD, World Bank, S&P, ADB, and Fitch, have forecasted India's growth within a range of 6.6-7.2 percent. The International Monetary Fund (IMF), in its latest o...

July 22, 2024 5:08 PM

Govt’s timely interventions, RBI’s measures helped maintain retail inflation at 5.4 percent: Economic Survey

The annual Economic Survey, tabled by Union Finance Minister Nirmala Sitharaman in Parliament on Monday, states that despite the pandemic and geopolitical tensions, timely policy interventions by the central government and the Reserve Bank of India's price stability measures helped maintain retail inflation at 5.4 percent. During FY22 and FY23, the COVID-19 pandemic, geopolitical tensions, and supply disruptions contributed to rising global inflationary pressures. In India, consumer goods and s...

September 16, 2024 5:23 PM

India recovered, expanded in orderly fashion post-pandemic: Economic Survey 2023-24

The Indian economy has recovered and expanded steadily after the pandemic, with the real Gross Domestic Product (GDP) in 2023-24 increasing by 20 per cent compared to the pre-pandemic level of 2019-20, according to the Economic Survey 2023-24 tabled in Parliament on Monday. This upward trajectory, the Survey highlights, is a feat achieved by only a few major economies. "Prospects for continued strong growth in FY25 beyond look good, subject to geopolitical, financial market and climatic risks,...

September 16, 2024 5:52 PM

Indian economy on a strong wicket in face of geopolitical challenges: Economic Survey 2023-24

The Indian economy continues to expand, demonstrating resilience amidst geopolitical challenges, according to the Economic Survey 2023-24 tabled by Finance Minister Nirmala Sitharaman in Parliament on Monday. The 476-page Economic Survey report highlights that the Indian economy has consolidated its post-COVID recovery, with fiscal and monetary policies ensuring economic and financial stability. However, the survey warns that global volatility could hinder the achievement of ambitious growth t...