आर्थिक सर्वेक्षण: वित्त मंत्री सीतारमण ने राज्यसभा में कहा कि अधिकांश राज्यों में मुद्रास्फीति दर में कमी देखी गई।

Economic Survey: FM Sitharaman In Rajya Sabha Says Most States Witnessed Decreased Inflation Rates.

Union Finance Minister Nirmala Sitharaman presented the Economic Survey in the Rajya Sabha on Monday, highlighting that during FY24, most States and Union Territories experienced a decrease in inflation rates. Specifically, 29 out of 36 regions recorded rates below 6 percent, aligning with the overall decline in India's average retail inflation compared to FY23. Earlier in the day, Sitharaman had presented the economic survey report in the Lok Sabha, emphasizing the potential for the Indian economy to sustain a growth rate of 7 percent. The survey underscored that achieving this growth rate over the medium term would depend on continuing the structural reforms of the past decade, necessitating a collaborative effort among the Union Government, State Governments, and the private sector.

The financial sector in India is currently undergoing significant transformations. In FY24, primary capital markets facilitated capital formation of Rs 10.9 lakh crore, constituting approximately 29 percent of the gross fixed capital formation by private and public corporates in FY23.

The policy further acknowledges that India faces a unique set of opportunities and challenges amidst global trends such as geo-economic fragmentation, a push for self-reliance, climate change concerns, technological advancements, and constrained policy options.

To ensure that the structural reforms of the past decade translate into robust, sustainable, inclusive growth, the government must shift its focus towards bottom-up reforms and enhancing governance.

The medium-term growth strategy, termed "Amrit Kaal," focuses on six critical areas. First, it emphasizes boosting private investment deliberately. Second, it prioritizes the growth and expansion of India's MSMEs. Third, it recognizes agriculture's potential as a driver of future growth, advocating for the removal of policy impediments. Fourth, it highlights the importance of securing financing for India's green transition. Fifth, it underscores the necessity of bridging the gap between education and employment.

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