The annual state of the economy document likens India's current situation to 1998-2002, when India was at the cusp of an acceleration in growth
Expect India’s growth to be steady, even as the rest of the world slows down, is the unambiguous message that comes out of the Economic Survey. It pegs FY24 growth at 6.5 percent, even as it expects the world economy to slow. More importantly, it expects growth to stay steady at about 7 percent through the rest of the decade, positioning India as among the fastest growing economies.