Economic Survey: Silver linings amid slower growth, export woes linger | Budget 2024 News

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Economic Survey: Silver linings amid slower growth, export woes linger | Budget 2024 News

1 min read Last Updated : Jul 22 2024 | 11:35 PM IST

The growth rate of the economy is expected to come down. One constant is the services sector that continues to outperform with a higher contribution than in previous years, though growth is slower than before. Tax revenue’s continued growth, meanwhile, is led by direct taxes.

Export woes linger

There has been a continued moderation in merchandise exports amid a challenging global trade environment.

Services exports have also slowed after growing in double digits for two years in a row. Limited external debt has been a positive.

First Published: Jul 22 2024 | 11:34 PM IST

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