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Jobs, skills, green push, China: Economic survey 2023-24 highlights

The Business Guardian

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July 23, 2024

The Economic Survey for 2023-24, tabled in Parliament on Monday, has identified six key policy focus areas for the government to achieve sustained economic growth.

The survey, prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance, highlights the need for generating productive employment, addressing the skill gap, tapping the full potential of the agriculture sector, easing compliance requirements and financing bottlenecks for MSMEs, managing India’s green transition, and addressing the persistent China challenge.

The survey notes that India’s economy has been on a growth path since 2014, thanks to structural reforms undertaken by the government. India is poised to become the third-largest economy in the world, with the potential to grow at a rate of 7% plus on a sustained basis in the medium term.

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