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Economic Survey 2024 Highlights India's Resilient Growth and Future Prospects

The report showcases strong GDP growth, fiscal consolidation, and areas for further development as India aims for 'Viksit Bharat'.

  • India's real GDP growth reached 8.2% in FY24, with projections of 6.5-7% for FY25.
  • Fiscal deficit reduced from 6.4% to 5.6% of GDP, driven by increased revenue receipts and capital expenditure.
  • Manufacturing and services sectors showed significant growth, with notable increases in GVA and GST collections.
  • Employment rates improved, with a decline in unemployment and rising female workforce participation.
  • Energy transition challenges highlighted, emphasizing the need for advanced technologies and international cooperation.
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