Buget 2024: Finance Minister Nirmala Sitharaman has presented the Economic Survey in Parliament today. According to this report, the pace of the Indian economy will be 6.5-7 percent during the financial year 2024-25.
Union Finance Minister Nirmala Sitharaman has tabled the Economic Survey in the Lok Sabha today. According to the Economic Survey report, the growth rate of the Indian economy is expected to be 6.5-7 percent in 2024-25. The estimated growth rate for the financial year 2024-25 is lower than the economic growth rate of 8.2 percent estimated for the previous financial year 2023-24.
At the same time, the Reserve Bank of India (RBI) has estimated the GDP growth rate to be 7.2 percent for the financial year ending March 31, 2025. According to the report, private investment will increase in the coming times due to the strong position of companies and banks.
The document presented in Parliament by Finance Minister Nirmala Sitharaman said, “…The review has projected real GDP growth rate to be 6.5 to seven percent (with variation in both directions). Keeping in mind the fact that market expectations are at a high level. ”
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What has been said about inflation?
On inflation, the government has said that it has been successful in controlling it on a large scale. But the inflation rate has increased due to the rise in the prices of some food items. The government has said that the trade deficit has reduced during the financial year 2024. At present, it is 0.7 percent of GDP.
The Economic Survey says that the healthcare and education sector has improved due to the efforts of the government. The government is focusing on sustainable development. Special attention is being paid to women.
The Economic Survey report says that 54 percent of the diseases in India are caused by not eating the right food. The report says that along with a balanced diet, there is a need to move towards a different diet.
So what is Economic Survey?
Economic Survey is an account of the previous financial year. It is a comprehensive report. This report is prepared under the direction and guidance of the Chief Economic Advisor of India. It is tabled in the Parliament a day before the budget. This report reveals the economic health of the country.
