According to the Economic Survey 2022-23, the expected growth rate of the Indian economy for the fiscal year 2023-24 is projected to be 8%. This forecast reflects India's robust economic recovery and resilience in the aftermath of the global pandemic.
The Survey highlights factors such as strong domestic demand, increased investment, structural reforms, and an expanding export sector as key drivers behind this optimistic growth outlook. It also underscores the government's focus on infrastructure development, digitalization, and innovation to sustain long-term economic expansion.
While acknowledging global uncertainties like geopolitical tensions and inflationary pressures, the Survey remains confident about India's economic prospects, citing improving credit growth and fiscal consolidation measures.
Conclusion:
The correct answer is 8%, representing the expected growth rate of the Indian economy in 2023-24 as per the Economic Survey 2022-23.