You can download the Economic Survey 2024 PDF for free by using the direct link provided below on the page.
Economic Survey 2024 PDF
Economic Survey serves as a vital document within the Indian financial landscape, offering a detailed analysis of the country’s economic performance over the preceding fiscal year. This report, traditionally unveiled by the Chief Economic Advisor (CEA) on the day preceding the Union Budget presentation, plays a pivotal role in providing a comprehensive overview of the highs and lows experienced by the Indian economy. By delving into key economic indicators, policy initiatives, and sectoral performances, the Economic Survey offers valuable insights that can shape future economic strategies and decisions.
Economic Survey acts as a roadmap for policymakers, economists, and stakeholders, guiding them in understanding the current economic scenario and projecting potential avenues for growth and development. Through its in-depth examination of various economic parameters such as GDP growth, inflation rates, employment trends, and fiscal deficits, the survey offers a nuanced perspective on the overall health of the economy and identifies areas that require attention and reform.
The Economic Survey serves as a crucial tool for fostering transparency and accountability within the economic governance framework of India. By providing a comprehensive assessment of the government’s financial policies, expenditure patterns, and revenue projections, the survey enables stakeholders to evaluate the efficacy of past measures and formulate informed opinions on the future trajectory of the economy. This transparency not only enhances public trust in the economic decision-making process but also fosters a culture of data-driven policymaking that is essential for sustainable growth and development.
To its role as a diagnostic tool for the economy, the Economic Survey also serves as a platform for articulating key policy recommendations and reform measures aimed at addressing existing challenges and unlocking new opportunities. By offering evidence-based insights and analysis, the survey empowers policymakers to design targeted interventions that can stimulate economic growth, enhance productivity, and foster inclusive development across various sectors of the economy.
The Economic Survey stands as a cornerstone of economic governance in India, providing a comprehensive narrative of the country’s economic performance and offering invaluable insights for shaping future policy directions. Through its detailed analysis, strategic recommendations, and commitment to transparency, the survey plays a vital role in steering the Indian economy towards sustainable growth, resilience, and prosperity in the years to come.
Economic Survey 2024 – Highlights
- The absence of the full-fledged Budget session this year means that the Economic Survey will not be presented alongside it. This unique circumstance stems from the upcoming Lok Sabha elections in April-May 2024, prompting FM Sitharaman to present an interim Budget on February 1. The anticipation for a complete budget and the Economic Survey to be unveiled in July aligns with the post-election period when the election results are declared, and a new cabinet is established.
- The economic forecast outlined in the Indian Economy-A Review paints a promising picture for India’s financial landscape. Projections suggest that India is on track to become a $5 trillion economy within the next three years, with the potential to soar to $7 trillion by 2030. These ambitious targets underscore India’s economic resilience and growth potential, positioning the country as a key player in the global economic arena.
- The report’s optimistic outlook extends to India’s GDP growth trajectory, forecasting a robust growth rate of 7.2% in FY24. This growth rate not only outstrips the global economy’s struggle to surpass a 3% growth rate but also underscores India’s economic momentum and relative strength in the face of global challenges. The consistent growth trend, with expectations of a 7% growth rate in 2024 for the third consecutive year, underscores India’s economic stability and potential for sustained development.
- India’s notable position as the world’s third-largest fintech economy after the UK and the USA underscores the country’s growing influence and innovation in the financial technology sector. This achievement highlights India’s strides in embracing digital financial solutions and underscores the country’s commitment to fostering a conducive environment for fintech innovation and growth. As India continues to solidify its position in the global fintech landscape, the country’s economic prospects remain bright, paving the way for continued growth and innovation in the years ahead.