Chief Financial Advisor V. Anantha Nageswaran addresses a press convention after tabling of the Financial Survey 2023-24 in Parliament by Union Finance Minister Nirmala Sitharaman, in New Delhi, Monday, July 22, 2024.
| Photograph Credit score: PTI
Union Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-24 in each Homes of Parliament on July 22. The Financial Survey is a complete assessment or annual report of Indian financial system throughout the closed monetary 12 months, ready by the Economics Division of the Division of Financial Affairs of the Finance Ministry underneath the steering of the India’s Chief Financial Advisor (CEA).
Learn: Economic Survey 2023-24 updates
Listed here are the charts that present key numbers from the Financial Survey 2023-24:
In response to the report, India’s GDP is likely to grow at 6.5 to 7 per cent within the present fiscal 12 months amid world challenges which can impression exports. The expansion projected for 2024-25 is decrease than the financial progress charge of 8.2 per cent estimated for the earlier monetary 12 months.
In response to the Survey, India has remained on the course of fiscal consolidation amid the worldwide development of widening fiscal deficit. The fiscal deficit has been introduced down from 6.4 per cent of GDP in FY23 to five.6 per cent of GDP in FY24, in accordance with provisional actuals (PA) information launched by the Workplace of Controller Basic of Accounts (CGA).
