The Growth of Growth

FM tables Economic Survey in Parliament, says economy is growing well, momentum likely to continue

- Gaurav Vivek

A day before she is scheduled to present her record seventh Union Budget, Finance Minister Nirmala Sitharaman on Monday tabled the Economic Survey for 2023-24 in Parliament. She said the document exemplifies that the "Indian economy is on a strong wicket and stable footing, demonstrating resilience in the face of geopolitical challenges".

The minister added that "the prospects for continued strong growth beyond FY25 look good subject to geopolitical, financial market and climatic risks".

She also added that as per the survey, the economy has "consolidated post-Covid recovery with policymakers -- fiscal and monetary -ensuring economic and financial stability." Sitharaman said the growth in FY24 is estimated to be 8.2 per cent and during the fiscal, the economy had shown steady growth, crossing the 8 per cent mark in three of the four quarters. She said the momentum built over FY23 and FY24 is likely to continue into FY25 in which the growth is expected to be between 6.5 and 7 per cent.