Economy Expected To Grow At 6.5% In FY 25: FM Sitharaman in Economic Survey 2023-24

FM Sitharaman said in the economic survey that the escalation in geopolitical conflicts and its impact may influence RBI's monetary policy stance. She said the outlook for India's financial sector appears bright.

New Delhi: Union Finance Minister Nirmala Sitharaman on Tuesday tabled the Economic Survey 2023-2024 in the Lok Sabha and said the economy of the country is expected to grow at 6.5% in FY 25. FM Sitharaman said the domestic growth drivers supported economic growth in FY24 despite uncertain global economic performance. She also said in the economic survey that the escalation in geopolitical conflicts and its impact may influence RBI’s monetary policy stance. She said the outlook for India’s financial sector appears bright.

Union Finance Minister Nirmala Sitharaman says “A lot of steps have been taken on Ease of Doing Business. Nearly 11 steps have been mentioned in the reply, but most importantly Decriminalisation of 63 offences and as a result of which companies today are able to carry on their… pic.twitter.com/sTWiKXAnil

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“I would like to request all parliamentarians to participate in all discussions in the House, no matter how ideologically opposed they are. Opposite ideologies are not bad, but negative ideologies are. That is when the limit of thoughts comes to an end. The country does not need negativity,” PM Modi said.

Urging all MPs to have progressive ideologies, the Prime Minister said, “The country needs a progressive ideology that fuels development and takes the country to great heights.”

Asking people to rise above party lines and represent the voices of the countrymen in the Parliament, PM Modi said, “I would like to tell everyone that people have sent us here for the country and not for our respective parties. This Parliament is not for our parties but for the country. This Parliament is not just restricted to Parliamentarians but it is for 140 crore people.”

“I hope that we utilize the temple of democracy positively to fulfil the aspirations of ordinary citizens in India,” he added.

“I would like to ask all the parties to rise above party lines and dedicate themselves to the country and use this dignified platform of Parliament for the next 4.5 years. In the election year of January 2029, you can play any game, but till then we should participate for the empowerment of the farmers, youth and the country”, the Prime Minister said.