"India In A Good Position, But Still Has A Distance To Go": Ex Chief Economic Advisor

The Economic Survey forecasts a baseline gross domestic product, or GDP, growth of 6.5 per cent in real terms in fiscal 2024. Despite the lower growth forecast for next fiscal compared to the current one, the pace would still make India's growth the fastest among big economies. "The projection is broadly comparable to the estimates provided by multilateral agencies such as the World Bank, the IMF, and the ADB and by RBI, domestically. The actual outcome for real GDP growth will probably lie in the range of 6 per cent to 6.8 per cent, depending on the trajectory of economic and political developments globally," the Economic Survey said.