Economic Survey: Indian economy on a strong wicket and stable footing in face of geopolitical uncertainties
Economic Survey 2023-24 tabled by Finance Minister Nirmala Sitharaman in Parliament on Monday.
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The Indian economy has consolidated its post-Covid recovery with policymakers — fiscal and monetary — ensuring economic and financial stability, the 476-page Economic Survey document said in its initial remarks. It asserted that the economy continues to expand.
However, indicating global volatility, the Survey document asserted that change is the only constant for a country with high growth aspirations.
«For the recovery to be sustained, there has to be heavy lifting on the domestic front because the environment has become extraordinarily difficult to reach agreements on key global issues such as trade, investment and climate,» the Survey read.
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«Public investment has sustained capital formation in the last several years even as the private sector shed its balance sheet blues and began investing in FY22. Now, it has to receive the baton from the public sector and sustain the investment momentum in the economy. The signs are encouraging,» said the Survey.
According to the survey document «High
