• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Nation

Economic Survey 2023-24: Economy Continues To Expand, Inflation Largely Under Control

OMMCOM NEWS by OMMCOM NEWS
July 22, 2024
in Nation
Nirmala Sirharaman

New Delhi: The Centre on Monday tabled the Economic Survey 2023-2024 in the Lok Sabha.

The survey presented by Finance Minister Nirmala Sitharaman and prepared by the Economic Division under the Ministry of Finance provides a detailed analysis of the economic performance for the fiscal year 2023-24.

It says the economy continues to expand which is estimated to have grown 8.2 per cent in real terms in FY24.

“In June, a new government took office. The National Democratic Alliance government led by Prime Minister Narendra Modi has returned to power with a historic mandate for a third term. His unprecedented third popular mandate signals political and policy continuity,” the survey mentions.

“The Indian economy is on a strong wicket and stable footing, demonstrating resilience in the face of geopolitical challenges. The Indian economy has consolidated its post-Covid recovery with policymakers — fiscal and monetary — ensuring economic and financial stability. Nonetheless, change is the only constant for a country with high growth aspirations,” the survey points out.

For the recovery to be sustained, there has to be heavy lifting on the domestic front because the environment has become extraordinarily difficult to reach agreements on key global issues such as trade, investment and climate.

The survey says that the headline inflation rate is largely under control, although the inflation rate of some specific food items is elevated.

The trade deficit was lower in FY24 than in FY23, and the current account deficit for the year is around 0.7 per cent of GDP. In fact, the current account registered a surplus in the last quarter of the financial year.

Foreign exchange reserves are ample. Public investment has sustained capital formation in the last several years even as the private sector shed its balance sheet blues and began investing in FY22. Now, it has to receive the baton from the public sector and sustain the investment momentum in the economy. The signs are encouraging, says the survey.

(IANS)

Tags: Economic Survey 2023-2024Finance Minister Nirmala SitharamanLok Sabha
ShareTweetSendSharePinShareSend
Previous Post

17th Odisha Assembly Session Begins With A Bang, Opposition Stages Walkout

Next Post

NEET Showdown In Parliament: Akhilesh, Rahul Question Exam System; Education Minister Responds

Related Posts

Pralhad Joshi
Nation

‘Mohabbat Ki Dukaan To Jhoot Ki Dukaan’: Pralhad Joshi Slams Rahul Gandhi For ‘Attacking’ ECI

August 8, 2025
Delhi Assembly Speaker Vijender Gupta
Nation

Delhi Speaker Refers Four CAG Reports Related To AAP Govt Era To PAC For Examination

August 8, 2025
Chhota Bheem
Nation

Central Govt Launches ‘Chhota Bheem’ Comic Series To Boost Indian Storytelling

August 8, 2025
Piyush Goyal
Nation

India Negotiating Trade Pacts With Several Nations, Including US: Piyush Goyal

August 8, 2025
Gurnam Singh Charuni
Nation

Gurnam Singh Charuni Backs PM Modi’s Pro-Farmer Stand, Slams US Tariff Decision

August 8, 2025
Mata Janaki Temple
Nation

NDA Leaders Hail Amit Shah’s Participation In Mata Janaki Temple Ceremony As ‘Historic’

August 8, 2025
Next Post
Dharmendra and Rahul

NEET Showdown In Parliament: Akhilesh, Rahul Question Exam System; Education Minister Responds

Deputy Director Of Fisheries Under Scrutiny In Odisha For Alleged Rs 1.05 Crore Fraud

Crime

Fake Lottery Racket With New Delhi-Bengal Link Busted In Asansol; Two Held

khimji
TPCODL
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.