India’s economy is forecast to grow 7 per cent in FY 2024-25: Economic Review
Current Hunt Team
The ‘Indian Economy — A Review’ has been prepared by the Economic Affairs Department.
Chief Economic Advisor, V Anantha Nageswaran, wrote in the preface of the report that the Indian economy will achieve a growth rate of or above 7 per cent in FY24.
This report is being considered as a mini Economic Survey.
As per the report, skilling, learning outcomes, health, energy security, reduction in compliance burden for MSMEs, and gender balancing in the labour force will be the main areas for future reforms.
The supply side has also strengthened due to investments in infrastructure – physical and digital.
In the last three years, the domestic demand improvement has driven the economy to a 7 per cent plus growth rate.
The report said India is likely to become a $7-trillion economy by 2030.
According to the government’s first advance estimates, India’s economy is growing at 7.3 per cent in the current fiscal year.
