Question
According to Economic survey 2023-24, what is the real
GDP growth rate of India in FY24?Solution
India’s economy carried forward the momentum it built in FY23 into FY24 despite global and external challenges. The focus on maintaining macroeconomic stability ensured minimal impact on India’s economy. As a result, India’s real GDP grew by 8.2% in FY24, posting growth of over 7% for a third consecutive year, driven by stable consumption demand and steadily improving investment demand (ES).
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