The Parliamentary session of the Union Budget 2023-24 has started today with President Droupadi Murmu’s address. Soon after the start of the most awaited financial event of the country, the Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023, highlighting important points like the GDP growth, the targets, inflation, employment rate and so on.
Just a few hours after the International Monetary Fund (IMF) projected India to be in a bright spot despite global headwinds, even the Indian Economic Survey has presented a similar outlook. As per the survey, India’s baseline gross domestic product (GDP) is expected to grow at 6.5 per cent in real terms in FY24.
The Economic Survey reads, “Economy has nearly ‘recouped’ what was lost, ‘renewed’ what had paused, and ‘reenergised’ what had slowed during the pandemic and since the conflict in Europe.”