CSE Topper by Vikas Dhayal t.
me/csetopper
Here are 35 key data points from the 1st Chapter of Economic Survey 2023-24:
1. India's real GDP grew by 8.2% in FY24.
2. Real GDP in FY24 was 20% higher than pre-COVID FY20 levels.
3. Global economy grew by 3.2% in 2023 according to IMF estimates.
4. India's gross fiscal deficit declined from 6.4% of GDP in FY23 to 5.6% in FY24.
5. Revenue receipts of the union government increased by 14.5% year-on-year in FY24.
6. Gross tax revenue grew by 13.4% in FY24.
7. Capital expenditure for FY24 stood at ₹9.5 lakh crore, up 28.2% year-on-year.
8. Retail inflation declined from 6.7% in FY23 to 5.4% in FY24.
9. Core inflation declined to 3.1% in June 2024.
10. Gross Non-Performing Assets ratio of scheduled commercial banks declined to 2.8% in
March 2024.
11. Current Account Deficit stood at 0.7% of GDP in FY24, down from 2.0% in FY23.
12. Net FPI inflows were $44.1 billion in FY24.
13. Net FDI inflows declined from $42.0 billion in FY23 to $26.5 billion in FY24.
14. Forex reserves as of end-March 2024 were sufficient to cover 11 months of projected
imports.
15. External debt to GDP ratio stood at 18.7% as of end-March 2024.
16. GST collections grew by 12.7% in FY24.
17. Proceeds from National Monetisation Pipeline were ₹3.9 lakh crore during FY22-FY24.
18. Expenditure on major subsidies declined by 22.1% year-on-year in FY24.
19. Gross fiscal deficit of 23 states was 8.6% lower than budgeted in FY24.
20. State governments' capex as % of GDP increased from 2.2% in FY20 to 2.6% in FY24.
21. General government debt to GDP ratio increased slightly in FY24.
22. Weighted average maturity of outstanding dated securities increased from 9.6 years in
2011 to 12.5 years in 2024.
CSE Topper by Vikas Dhayal t.me/csetopper
23. India's services exports reached $341.1 billion in FY24.
24. Private Final Consumption Expenditure grew by 4.0% in real terms in FY24.
25. Manufacturing GVA grew by 9.9% in FY24.
26. Construction sector GVA grew by 9.9% in FY24.
27. Share of agriculture, industry and services in GVA was 17.7%, 27.6% and 54.7%
respectively in FY24.
28. Unemployment rate declined from 4.1% in 2020-21 to 3.2% in 2022-23.
29. Female labor force participation rate increased from 23.3% in 2017-18 to 37% in
2022-23.
30. Multidimensional poverty headcount ratio declined from 24.85% in 2015-16 to 11.28% in
2022-23.
31. Monthly per capita consumption expenditure increased in real terms in both rural and
urban areas between 2011-12 and 2022-23.
32. 51.6 crore beneficiaries under Jan Dhan Yojana.
33. 11.7 crore toilets built under Swachh Bharat Mission.
34. 11.6 crore tap water connections provided under Jal Jeevan Mission.
35. ₹36.9 lakh crore transferred via Direct Benefit Transfer since 2013.
36. India's GVA at 2011-12 prices grew by 7.2% in FY24.
37. Net taxes at constant (2011-12) prices grew by 19.1% in FY24.
38. Construction activities displayed increased momentum and registered a growth of 9.9%
in FY24.
39. Corporate bond issuances in FY24 were up by 70.5%.
40. Outstanding corporate bonds were up by 9.6% (YoY) as of the end of March 2024.
41. The volume of exports of goods and services registered a modest growth of 0.5% in
2023 compared to 2022.
42. Net private transfers, mostly comprising remittances from abroad, grew to USD 106.6
billion in FY24.
CSE Topper by Vikas Dhayal t.me/csetopper
43. The ratio of foreign exchange reserves to total debt stood at 97.4% as of March 2024.
44. The Indian Rupee appreciated by 1.3% against the US dollar between April 2023 and
June 2024.
45. Exports (merchandise and services) in FY24 grew by 0.15%, while total imports declined
by 4.9%.
46. Gross FDI inflows moderated by only 0.6% in FY24.
47. The system-wide capital to risk-weighted assets ratio (CRAR) declined marginally by 37
basis points over FY24.
48. In 2023, residential real estate sales in India witnessed a 33% YoY growth, with a total
sale of 4.1 lakh units in the top eight cities.
49. New housing supply witnessed an all-time high, with 5.2 lakh units launched in 2023, as
against 4.3 lakh units in 2022.
50. ₹36.9 lakh crore has been transferred via DBT since its inception in 2013.
