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Growth rate of about 7% next year eminently doable, says DEA secretary

Growth rate of about 7 pc next year eminently doable, says Economic Affairs Secretary Ajay Seth

Economic Affairs Secretary Ajay Seth expressed confidence in the non-inflationary Budget proposals, stating that they will contribute to achieving a 7%+ growth rate in 2024-25. The Indian economy rebounded with a growth rate of 9.1% after contracting 5.8% in 2020-21. The government has increased capital expenditure by 11.1% for the next fiscal year. Seth also mentioned that fiscal deficit is expected to moderate to 5.1% in FY25, thanks to tax buoyancy and realistic expenditure estimates.

Budget 2024: Meet Finance Minister Nirmala Sitharaman's Core Team In Budget Preparation | Economy News

Budget 2024: Union Finance Minister Nirmala Sitharaman is just few minutes away from presenting the Interim Budget before India heads to the Lok Sabha 2024 elections. 

The Making of Budget 2024: Meet Finance Minister Nirmala Sitharaman's team

Finance Minister kicks off Interim Budget 2024 process with halwa ceremony in North Block

The Halwa ceremony, marking the final stage of the preparation process for Interim Union Budget 2024, was held in North Block on Wednesday in the presence of Finance Minister Nirmala Sitharaman and Minister of State for Finance Dr. Bhagwat Kisanrao Karad.