New Delhi. The Indian economy is on a strong path and in a stable position. Despite the stagnation, private capital expenditure (capex) has picked up. Chief Economic Advisor (CEA) V Anant Nageswaran has made this claim after the release of the Economic Survey on behalf of the government. The CEA has predicted that the agriculture sector will perform better in the financial year 2024-25. Additionally, industrial growth is also expected to accelerate on a broad basis.

The CEA has said that the Production-Linked Incentive (PLI) schemes have delivered significant results by May 2024. These schemes are gaining momentum and are showing substantial progress in key sectors such as electronics and pharmaceuticals. Investments of more than Rs 1.28 lakh crore have been recorded under this. Nageshwaran said that the theme of this Economic Survey is All Hands on the Table.

On the weakening of the rupee, the CEA said that the weak currency does not affect India much due to the country's very low external debt ratio. The CEA said that domestic growth is very important to deal with the challenges of developed India. The Chief Economic Advisor also said that the reduction of fiscal deficit reflects an investment-oriented approach.

Economic Survey presented in Lok Sabha

Earlier, on the first day of the Monsoon Session of Parliament which started today, Union Finance Minister Nirmala Sitharaman presented the Economic Survey in the Lok Sabha. During this, she said that 'the process of starting a business in the country has been made very easy. Along with this, many such rules have been removed, due to which industrialists used to face problems. A central system has been created.' Finance Minister Nirmala Sitharaman will present the Union Budget tomorrow on Tuesday.