Industry body ASSOCHAM has welcomed the Economic Survey terming it a morale-booster for the country’s growth story. The industry body said, ‘The Economic Survey tabled in Parliament is a morale-booster for India’s growth story, projecting 6.5-7 per cent economic expansion for fiscal 2024-25 supported by the robust services sector, promising manufacturing and investor enthusiasm as reflected in encouraging rise in gross fixed capital formation.’
As per the Economic Survey 2023-24 tabled by Finance Minister Nirmala Sitharaman, the Indian economy is on a strong wicket and stable footing, demonstrating resilience in the face of geopolitical challenges. The Indian economy has consolidated its post-Covid recovery with policymakers - fiscal and monetary -ensuring economic and financial stability. It asserted that the economy continues to expand.
ASSOCHAM’s Secretary-General Deepak Sood said ‘Noteworthy is the fact that Survey’s promising GDP projections for the current financial year come in the backdrop of 8.2 per cent economic growth in 2023-24. Growth is well spread across different sectors like manufacturing, real estate, and construction, as pointed out by the important document presented in Parliament.’
