PM Modi hails Economic Survey, says it showcases prevailing strengths of Indian economy, outcomes of various govt reforms

Prime Minister Narendra Modi has hailed the Economic Survey 2023-24 presented by Union Finance Minister Nirmala Sitharaman, saying that it highlights the prevailing strength of the Indian economy and showcases the outcomes of the various reforms brought by the government.

Taking to X, the PM wrote, “The Economic Survey highlights the prevailing strengths of our economy and also showcases the outcomes of the various reforms our Government has brought."

"It also identifies areas for further growth and progress as we move towards building a Viksit Bharat," he said.
According to the Economic Survey, India's GDP is likely to grow at 6.5-7% in the current fiscal year.

The growth projected for 2024-25 is lower than the economic growth rate of 8.2% estimated for the previous financial year.

“The short-term inflation outlook for the country is benign, and the expectation of a normal monsoon and moderating global prices of key imported items give credence to the projections made by the RBI and IMF," it said.

The Economic Survey also praised the government's steps to boost exports and reduce dependence on Chinese imports.

PM Modi also said the union budget 2024-25 presented by Nirmala Sitharaman on July 23 is an important budget for 'Amrit Kaal'.

“This Budget is important budget for Amrit Kaal. Today's budget will decide the direction for the next 5 years of our term. This budget will also become a strong foundation of our dream of 'Viksit Bharat',” the prime minister had said earlier.

This budget is Sitharaman's seventh consecutive budget as finance minister surpassing the record set by former Prime Minister Morarji Desai, who presented five annual budgets and one interim budget between 1959 and 1964 as finance minister.