Business Standard

Indian economy to grow 6.5% in FY24; CAD may widen further: Economic Survey

It added that India is third-largest economy in the world in PPP (purchasing power parity) terms and fifth largest in terms of exchange rate

Economic Survey
Premium

Economic Survey. Photo: Shutterstock

BS Web Team New Delhi
Indian economy to grow at 6.5 per cent in 2023-24, according to the Economic Survey tabled in the Parliament by finance minister Nirmala Sitharam. It said that in current year, the economy is projected to grow by 7 per cent. It will remain the fastes growing major economy in the world. 

It added that India is third-largest economy in the world in PPP (purchasing power parity) terms and fifth largest in terms of exchange rate.  

"Economy has nearly recouped what was lost, renewed what had paused; re-energised what had slowed during the pandemic

Also, in FY22, India grew at 8.7

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 31 2023 | 1:14 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com