Economic Survey 2024: All the Key Highlights on Indian Economy

The survey also noted the challenges which the economy can face in the current financial year. As per the document, the biggest one remains geopolitical risks. It said, “Any escalation of geopolitical conflicts in 2024 may lead to supply dislocations, higher commodity prices, reviving inflationary pressures and stalling monetary policy easing with potential repercussions for capital flows. This can also influence RBI’s monetary policy stance.”Talking about the investment from private sector in the economy, the survey highlighted the visible green shoots with a note of caution. In the last four years, government has pushed for capital expenditure with the private sector lagging behind.It said, “Improved balance sheets will help the private sector cater to strong investment demand. A note of caution is warranted here. Private capital formation after good growth in the last three years may turn slightly more cautious because of fears of cheaper imports from countries that have excess capacity.”

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