Economic Survey Highlights India's Growth and Roadmap for Viksit Bharat by PM Modi

Prime Minister Narendra Modi remarked on Thursday that the Economic Survey showcases India's robust macroeconomic health, ongoing growth, and the increasing significance of innovation, entrepreneurship, and infrastructure in nation-building. The survey, presented by Union Finance Minister Nirmala Sitharaman in Parliament, also highlights the importance of inclusive development with a focus on farmers, MSMEs, youth employment, and social welfare.

The Economic Survey provides a detailed overview of India's Reform Express, demonstrating consistent progress amid global challenges. It emphasises strong macroeconomic fundamentals and sustained growth momentum. "The survey highlights strong macroeconomic fundamentals, sustained growth momentum and the expanding role of innovation, entrepreneurship and infrastructure in nation-building," Modi stated in a post on X.

Focus on Manufacturing and Productivity

The survey outlines strategies to bolster manufacturing and enhance productivity. It aims to accelerate India's journey towards becoming a Viksit Bharat. Modi noted that the insights from the survey will guide informed policymaking and boost confidence in India's economic future.

India's economy is projected to grow by 6.8-7.2 per cent in the fiscal year starting April. This projection reaffirms India's position as the world's fastest-growing major economy despite trade risks and global volatility affecting the outlook.

Growth Projections and Achievements

According to estimates from the National Statistics Office, India's economy has grown at 7.4 per cent in the current fiscal year. This marks the fourth consecutive year of India being the fastest-growing major economy globally.

The survey has also revised India's potential growth forecast to 7 per cent, up from an earlier projection of 6.5 per cent made three years ago. This adjustment reflects optimism about India's economic trajectory amid evolving global conditions.

The Economic Survey's comprehensive analysis underscores India's steady progress despite a challenging global environment. It serves as a roadmap for future economic strategies while reinforcing confidence in India's economic prospects.

With inputs from PTI