Economic Survey Projects India’s Real GDP Growth at 6.5-7% for 2024-25

The Economic Survey 2023-24, presented by Finance Minister Nirmala Sitharaman, projects India's real GDP growth at 6.5-7% for 2024-25, reflecting strong domestic growth despite global uncertainties. India's GDP for FY24 is 20% higher than pre-COVID levels, driven by a stable economy with significant contributions from agriculture, industry, and services. The survey highlights an 8.2% growth in FY24, robust GST collections, and increased capital expenditure. It also notes improvements in the banking sector, a reduction in the Current Account Deficit, and rising female labor force participation. The report emphasizes ongoing economic stability and growth prospects.\r