– Finance Minister Nirmala Sitharaman presented the Economic Survey 2023-2024 ahead of the Union Budget 2024-25
– The survey highlights success in boosting electronics exports through the PLI scheme
– Chief Economic Advisor is confident in achieving 7% growth target despite challenges
– The government plans to present six bills during the Monsoon session, including one to replace the Aircraft Act
– The survey emphasizes the importance of value addition in various sectors and the need for a level playing field for fair competition
– There is optimism about achieving GDP growth targets and reducing public debt to GDP ratio
– The survey also addresses issues in insurance sector misselling and the need to update base year for CPI
– Emphasis on incentives for domestic manufacturing, agriculture, and infrastructure development
– The survey highlights the impact of AI on the future of work and the need for private sector investment and resource mobilization
– Remittances to India are projected to grow, and inflation rates are under control
– The survey praises India’s resilience in the face of global challenges but acknowledges the need for continued efforts to sustain growth
– The outlook for the financial sector appears bright, and growth forecasts for the coming years are positive.