India Observers

 Union Finance Minister Nirmala Sitharaman previewed the Economic Survey 2023-24 before the Lok Sabha today, offering insights into India's economic outlook. The survey forecasts a real Gross Domestic Product (GDP) growth rate of 6.5% to 7% for the fiscal year 2024-25.  This projection aligns closely with the growth estimates provided by the International Monetary Fund (IMF). The survey, released ahead of the Indian Union Budget, highlights a balanced risk outlook, acknowledging that market expectations may be on the higher side. Sitharaman’s presentation emphasizes the survey’s conservative growth estimate, aiming to provide a realistic assessment of India’s economic performance while considering potential uncertainties. This preview sets the stage for the upcoming budget, shaping expectations and policy discussions. Read more:  https://indiaobservers.com/economic-survey-2024-updates/

  Finance Minister Nirmala Sitharaman presented the interim budget for 2024, the last budget of the current Modi government before the upcoming Lok Sabha elections. The budget focuses on several key areas to improve the economy and the well-being of the people. One major highlight is the rooftop solarisation project, which will allow 1 crore households to receive up to 300 units of free electricity every month through solar energy under  PM Suryodaya Yojana . The budget also plans to boost entrepreneurship and create jobs in manufacturing and maintenance for electric vehicles. The government is also focusing on agriculture, especially after harvesting, with investments encouraged in storage, processing, and marketing of agricultural products. A new scheme will help middle-class families in rented homes, slums, or unauthorized areas buy or build their own houses. Healthcare  is another focus area, with more medical colleges set up and a special vaccination program for girl...