Economic Survey 2025 Preview: A look back at 7 key things from last year — 3.2% drop in unemployment, slow FDI inflow
Finance Minister Nirmala Sitharaman tabled the Economic Survey document for 2023-2024 in Parliament on Monday, July 22, 2024. The survey said, “India’s real GDP grew by 8.2 per cent in FY24, posting growth of over 7 per cent for a third consecutive year, driven by stable consumption demand and steadily improving investment demand.” Here's a brief look at the previous year's economic survey, which was released a day before the Budget. Indian economy stands strong The Indian economy grew over 7 per cent for the third time in a row, driven by stable consumption demand and steadily improving investment demand, stated the survey. Decline in unemployment rate The survey pointed out that Indian labour market indicators have improved in the last six years, with the unemployment rate declining to 3.2 per cent in 2022-23. The Central government's timely policies, and the Reserve Bank of India’s price stability measures helped maintain retail inflation at 5.4 per cent - the lowest level since the pandemic, driven by a fall in core inflation - both goods and services, stated the survey.
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