Economic Survey 2023-24: Why does it matter? What are the key takeaways?
FirstpostThe Economic Survey for the year 2023-24 was tabled in Parliament on Monday setting the tone for the presentation of the Union Budget on July 23 by Finance Minister Nirmala Sitharaman. File Image/Reuters Union Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-24 on Monday in Parliament, presenting a comprehensive analysis of India’s economic trajectory amid global challenges. Key Takeaways of the 2023-24 Economic Survey: Inflation a critical focus The Economic Survey 2023-24 projects a real GDP growth rate between 6.5 and 7 per cent, slightly lower than the 8.2 per cent growth estimated for the previous financial year. The Economic Survey highlights the critical role of agriculture in India’s growth, stating the need for a pan-India dialogue to address sectoral challenges. Lets’s take advantage of the China Plus One strategy The Economic Survey suggests that India can benefit from the China Plus One strategy by integrating into China’s supply chain or promoting Chinese foreign direct investment.