Union Finance Minister Nirmala Sitharaman has tabled the Economic Survey in the Lok Sabha today. According to the Economic Survey report, the growth rate of the Indian economy is expected to be 6.5-7 percent in 2024-25. The estimated growth rate for the financial year 2024-25 is lower than the economic growth rate of 8.2 percent estimated for the previous financial year 2023-24.

At the same time, the Reserve Bank of India (RBI) has estimated the GDP growth rate to be 7.2 percent for the financial year ending March 31, 2025. According to the report, private investment will increase in the coming times due to the strong position of companies and banks.

The document presented in Parliament by Finance Minister Nirmala Sitharaman said, “…The review has projected real GDP growth rate to be 6.5 to seven percent (with variation in both directions). Keeping in mind the fact that market expectations are at a high level. ”

Also Read: File ITR 2024 via WhatsApp before July 31: Here’s a step-by-step guide

What has been said about inflation?

On inflation, the government has said that it has been successful in controlling it on a large scale. But the inflation rate has increased due to the rise in the prices of some food items. The government has said that the trade deficit has reduced during the financial year 2024. At present, it is 0.7 percent of GDP.

The Economic Survey says that the healthcare and education sector has improved due to the efforts of the government. The government is focusing on sustainable development. Special attention is being paid to women.

The Economic Survey report says that 54 percent of the diseases in India are caused by not eating the right food. The report says that along with a balanced diet, there is a need to move towards a different diet.

So what is Economic Survey?

Economic Survey is an account of the previous financial year. It is a comprehensive report. This report is prepared under the direction and guidance of the Chief Economic Advisor of India. It is tabled in the Parliament a day before the budget. This report reveals the economic health of the country.

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Know when the economic survey will come

The economic survey of the country will be presented on January 31, a day before the presentation of the budget. The economic survey prepared by the Chief Economic Advisor and his team attached to the Finance Ministry will be presented on January 31. This will be placed before the Parliament on the last date of January during the budget session of the Parliament.

Is this an interim budget or vote on account?

In the interim budget, there is a discussion on how much money the government has to meet the country’s expenses in the election year and how it will be used and this is called vote on account.

This year’s accounts are very important

This budget becomes very important just a few months before the end of the second term of the Modi government. Lok Sabha elections are going to be held this year and before that this will be a very important document to tell the financial condition of the country. In the election year, two budgets are presented in the country, out of which the first budget is presented by the current government and the second budget is presented after the formation of the new government.

Know the special dates of the budget session

The date of Budget 2024 has been revealed with the announcement of the dates of the budget session of Parliament. The next session of Parliament, which will be the budget session, will run from 31 January to 9 February. It will start with the President’s address on January 31. The Economic Survey will be presented in Parliament on the same day and the Interim Budget 2024 will be presented on the next day.

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