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Questions and Answers
What is the date of publication for the Economic Survey 2023-24?
What is the date of publication for the Economic Survey 2023-24?
July, 2024
Which chapter addresses the topic of Employment and Skill Development?
Which chapter addresses the topic of Employment and Skill Development?
What is the primary focus of Chapter 5?
What is the primary focus of Chapter 5?
Medium Term Outlook: A Growth Vision for New India
Which chapter includes the section on 'Domestic Retail Inflation'?
Which chapter includes the section on 'Domestic Retail Inflation'?
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Chapter 6 discusses climate change and its impact on agriculture.
Chapter 6 discusses climate change and its impact on agriculture.
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What is one of the topics covered in Chapter 4?
What is one of the topics covered in Chapter 4?
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What is the last chapter listed in the Economic Survey 2023-24?
What is the last chapter listed in the Economic Survey 2023-24?
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Study Notes
Economic Survey of India 2023-24
- Published by Department of Economic Affairs, Ministry of Finance, Government of India in July 2024
- Examines the Indian economy covering various aspects such as global economic scenario, domestic economic performance, macroeconomic stability, inclusive growth, monetary management, financial intermediation, prices and inflation, external sector, medium term outlook, climate change and energy transition, social sector, employment and skill development, agriculture and food management, and the industrial sector.
State of the Economy
- The economy is described as "steady as she goes" with a resilient domestic performance.
- The Indian economy is showing stability and strong growth.
Global Economic Scenario
- The global economic outlook is impacted by factors like geopolitical tensions and inflation.
- The global economy is facing challenges.
Macroeconomic Stability
- India has achieved macroeconomic stability through various policies including the monetary policy.
- The stability supports continued growth in the economy.
Inclusive Growth
- The survey highlights the importance of inclusive growth, ensuring benefits reach all segments of society.
- This includes focus on addressing inequalities and promoting economic opportunities for everyone.
Monetary Management and Financial Intermediation
- The survey focuses on the stability of the financial system and the role of monetary policy.
- The stability of the financial system is critical for sustained growth.
Prices and Inflation
- Inflation is a key focus, analyzing various aspects of domestic retail inflation and its impact on the economy.
- The survey assesses the control of inflation through various strategies.
External Sector
- The survey highlights the stability of India's external sector amid changing global trade dynamics.
- It emphasizes the positive aspects of the current account balance, capital account balance, and external debt position.
Medium Term Outlook
- The survey outlines a growth vision for "New India" with focus on achieving sustainable and inclusive growth in the medium term.
- This vision involves specific policy focus areas for driving future growth and development.
Climate Change and Energy Transition
- The survey discusses the need for climate action and the transition towards a low-carbon economy in India.
- It also addresses adaptation measures, carbon pricing, and international commitments on climate finance.
Social Sector
- The survey explores the social sector, emphasizing the link between economic growth and welfare empowerment.
- It focuses on social and economic empowerment of women, rural economy development, and sustainable development.
Employment and Skill Development
- The survey analyzes the employment scenario in India, including youth and female employment.
- It emphasizes the importance of skill development for a changing job landscape and future job creation requirements.
Agriculture and Food Management
- The survey examines the agriculture sector, focusing on production, crop diversification, and allied sectors.
- It highlights the role of food processing and emphasizes the importance of food management systems for food security.
Industry
- The survey provides insights into the industrial sector in India, with a particular emphasis on the role of small and medium enterprises (SMEs).
- The survey aims to understand the challenges and opportunities facing these businesses and their impact on the broader economy.
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Description
Explore the key findings of the Economic Survey of India for 2023-24, published by the Department of Economic Affairs. This quiz covers various aspects of the Indian and global economies, including macroeconomic stability, inflation, and inclusive growth. Test your knowledge on the current state and outlook of the economy.
