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‘Indian Economy – A Review’
February 1 , 2024
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- "The Indian Economy: A Review," the 74-page document authored by V Anantha Nageswaran, Chief Economic Adviser to the government, was released.
- India will mark the fourth year after the COVID-19 pandemic that the country’s economy will have grown at or over 7%.
- India is to grow at 8–9% when the world economy is growing at 4%.
- 51 crore bank accounts are under the Jan Dhan Yojana, which now have total deposits of over ₹2.1 lakh crore, including over 55% by women.
- In December 2019, household financial assets were 86.2% of GDP; liabilities were 33.4% of GDP.
- Also, in March 2023, these numbers were 103.1% and 37.6%, respectively.
- The net financial assets of households were 52.8% of GDP in December 2019, and by March 2023, it had improved to 65.5% of GDP.
- Female Labor Force Participation Rate rose from 23.3 per cent in 2017-18 to 37 per cent in 2022-23.
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