Eco Survey LIVE: GDP will rise to 8% if global economy recoups, says CEA

IMF, in its World Economic Outlook Update, has maintained India's GDP forecast for current FY at 6.8%, next FY at 6.1% and for 2024-25 at 6.8 per cent. India's economy is poised to do better in the remainder of this decade, said Chief Economic Advisor V Anantha Nageswaran 

India’s agriculture sector has been witnessing robust growth with an average annual growth rate of 4.6 per cent over the last six years. This has enabled agriculture and allied activities sector to contribute significantly towards country’s overall growth, development and food security, says the Economic Survey 2022-23 tabled in the Parliament by the Union Minister of Finance and Corporate Affairs Nirmala Sitharaman here today. Further in recent years the country has emerged as the net exporter of agricultural products, with exports in 2021-22 touching a record US $ 50.2 billion.

Indian economy to grow at 6.5 per cent in 2023-24, according to the Economic Survey tabled in the Parliament by finance minister Nirmala Sitharam. It said that in current year, the economy is projected to grow by 7 per cent. It will remain the fastes growing major economy in the world. It added that India is third-largest economy in the world in PPP (purchasing power parity) terms and fifth largest in terms of exchange rate. "Economy has nearly recouped what was lost, renewed what had paused; re-energised what had slowed during the pandemic