Question
According to the latest Economic Outlook Survey released
by Federation of Indian Chambers of Commerce and Industry (FICCI),What is the estimate of the economic growth of Indian Economy by FICCI?Solution
According to the latest Economic Outlook Survey released by Federation of Indian Chambers of Commerce and Industry (FICCI),the economy is expected to grow at 6.3 per cent in the financial year 2023-24 (FY24)- - with a minimum and maximum growth estimate of 6.0 per cent and 6.6 per cent, respectively.Growth in agriculture and allied activities is expected to slow down to 2.7 per cent in the current financial year from 4 per cent in FY23. Meanwhile, the industry and services sector are anticipated to grow by 5.6 per cent and 7.3 per cent, respectively. The survey forecast that the course of inflation remains uncertain as CPI-based inflation is expected to remain at 5.5 per cent in FY24, with a minimum and maximum range of 5.3 per cent and 5.7 per cent, respectively.
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