The Finance Ministry recently released a new report titled โThe Indian Economy Review 2024โ ahead of the interim budget. The Economic Survey for the current financial year is scheduled to be released after the general election in the coming year.
Key Highlights
India continues to hold its position as the fastest-growing major economy globally. According to S&P, it is poised to become the worldโs third-largest economy by 2030, surpassing Japan and Germany.
An interesting highlight from the report is the notable increase in the Labour Force Participation Rate, rising from 49.8% in 2017-18 to 57.9% in 2022-23. This growth is attributed to a surge in female labor force participation.
For a more in-depth analysis, you can refer to the detailed report available here: The Indian Economy-A Review_Jan 2024.