The Indian Economy 2023-2024: A Review by Finance Ministry

The Finance Ministry recently released a new report titled โ€œThe 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 :point_down:

India continues to hold its position as the fastest-growing major economy globally. According to S&P, it is poised to become the worldโ€™s 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.

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