Economic Survey 2024: 10 Key Points to Know

Resilient Indian Economy: The Indian economy remained robust despite global challenges, achieving over 7% growth for the third consecutive year.

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Stable Banking Sector: The survey highlighted the outstanding performance of India’s banking and financial sectors in FY24.

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Significant Decline in Core Inflation: Survey noted that the govt's timely policy interventions and the RBI’s price stability measures helped keep retail inflation at 5.4%.

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Food Inflation Concerns: The survey pointed out that food inflation has been a global concern over the past two years.

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Positive Short-term Inflation Outlook: The survey anticipates a reduction in inflation in the short term, attributed to a normal monsoon.

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Growth Strategy for a New India: The survey emphasised the need for a new approach to drive growth in the new India.

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Slowing FDI Inflows: FDI inflows decreased in the last financial year, with the survey attributing this to weakening growth prospects and economic fragmentation trends.

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Projected Energy Needs: According to the survey, India's energy needs are expected to grow by 2 to 2.5 times by 2047 to support the developmental priorities.

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Focus on Quality in Skill Development and Employment: The survey highlighted improvements in Indian labor market indicators over the last six years.

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Sectoral Performance: The agriculture and food management sector registered an average annual growth rate of 4.18% at constant prices over the past five years.

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Economic Survey 2024: 10 Key Points to Know

Resilient Indian Economy: The Indian economy remained robust despite global challenges, achieving over 7% growth for the third consecutive year.

Stable Banking Sector: The survey highlighted the outstanding performance of India’s banking and financial sectors in FY24.

Significant Decline in Core Inflation: Survey noted that the govt's timely policy interventions and the RBI’s price stability measures helped keep retail inflation at 5.4%.

Food Inflation Concerns: The survey pointed out that food inflation has been a global concern over the past two years.

Positive Short-term Inflation Outlook: The survey anticipates a reduction in inflation in the short term, attributed to a normal monsoon.

Growth Strategy for a New India: The survey emphasised the need for a new approach to drive growth in the new India.

Slowing FDI Inflows: FDI inflows decreased in the last financial year, with the survey attributing this to weakening growth prospects and economic fragmentation trends.

Projected Energy Needs: According to the survey, India's energy needs are expected to grow by 2 to 2.5 times by 2047 to support the developmental priorities.

Focus on Quality in Skill Development and Employment: The survey highlighted improvements in Indian labor market indicators over the last six years.

Sectoral Performance: The agriculture and food management sector registered an average annual growth rate of 4.18% at constant prices over the past five years.

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