Economic Survey: Real picture from agriculture to textile...

Finance minister Nirmala Sitharaman has presented the Economic survey in Parliament and under this, India's GDP is expected to be between 6.5-7 percent in the financial year 2023-24 and the inflation rate is said to be at 4.5 percent. The economic survey has referred to the crisis of Kovid at many places and it has been said that it had a huge impact on the indian economy. Now in the financial year 2024, the country's real GDP is 20 percent more than the real GDP of the financial year 2020 and this is an achievement that only a few economies of the world have achieved. Overall, the Economic survey has expressed broad hope of inclusive growth of India's economy even in the financial year 2025.

Bright outlook given in Economic survey for agriculture sector

In the agriculture sector, till July 10, 2024, an amount of more than Rs 3.24 lakh crore has been released to more than 11 crore farmers and has been directly transferred to the farmers' account through DBT. Chapter 9 (Chapter 9) of the Economic survey states - "Agriculture and Food Management: If we do it right, agriculture is sure to grow." It also gives many suggestions for the inclusive growth rate of India's agriculture sector. 

How was the performance of the past years for the textile or clothing industry

India is the second largest textile manufacturer in the world and one of the top 5 exporters. In FY 2023, the textile industry achieved a GVA of Rs 3.77 lakh crore while its total exports were US $ 44.4. In FY 2024, the export of textiles and apparel has increased by 1 percent to Rs 2.97 lakh crore.

Superb growth of the electronics industry

The central government has been focusing a lot on electronics hardware manufacturing for the last 10 years so that the Make in india and wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital india campaigns can be completed simultaneously. From FY 2018 to FY 2023, the production of electric goods saw a growth of 16.9 percent CAGR and exports increased by 35.7 percent during this period.