‘Service’ and ‘growth’ are the most used words in the Economic Survey

The Economic Survey 2024 showed India's GDP may grow between 6.5-7% this year and retail inflation declined to 5.4% during 2023-24, compared to 6.7% previously.

Updated on: Jul 23, 2024, 09:07:34 IST

By HT News Desk | Edited by Abhyjith K. Ashokan

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The Economic Survey 2023-24, presented by Finance Minister Nirmala Sitharaman in the parliament on July 22, 2024 used the words ‘Service’ and ‘growth’ the most.

Union finance minister Nirmala Sitharaman tabled the Economic Survey in Parliament on Monday. (PTI)

The word ‘service’ was used a grand total of 433 times and the word ‘growth,' 402 times. This was followed by ‘State’ (366 times), ‘global’ (343 times), and ‘development’ (301 times).

Word Cloud showcasing the words in the Economic Survey.

What is the Economic Survey?

The Economic Survey is a report on the state of the economy during the year. It is prepared by the Department of Economic Affairs (DEA) of the Finance Ministry, under the guidance of the Chief Economic Adviser and approved by the Finance Minister.

Also Read: Budget 2024: Will Nirmala Sitharaman bring relief to taxpayers?

It is always presented on the previous day of the Union Budget's presentation.

What did the Economic Survey 2024 show?

The Economic Survey 2024 showed that India's GDP is expected to grow between 6.5 to 7% during the financial year 2024-25. The International Monetary Fund’s (IMF) estimate was 7%.

It also showed that retail inflation declined to 5.4% during 2023-24, compared to 6.7% during the previous year.

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Inflationary pressures were “stoked by global troubles, supply chain disruptions, and vagaries of monsoons,” according to the survey.

Gross Fixed Capital Formation, which reflects capital expenditure, increased by 9% in 2023-24.

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