Which significant policy approach was suggested to sustain India’s economic recovery in the Economic Survey 2024? 

Correct option is C

The correct answer is: (c) Heavy domestic efforts and reforms

Explanation:

The Economic Survey 2024-25 emphasizes the necessity of grassroots-level structural reforms and deregulation to bolster India's medium-term growth potential and enhance global competitiveness.These reforms aim to stimulate economic recovery and sustain growth.

Additionally, the survey highlights the importance of private sector participation in infrastructure development to meet the country's requirements.

Information Booster:

• Projected Growth: India's real GDP growth is estimated at 6.4% for FY25, aligning with its decadal average.

• Inflation Trends: Retail headline inflation softened from 5.4% in FY24 to 4.9% in April–December 2024.

• Capital Expenditure: Capital expenditure (CAPEX) improved continuously from FY21 to FY24, growing year-on-year by 8.2% during July–November 2024.

• Exports: Overall exports grew by 6% year-on-year during April–December 2024, with services exports increasing by 11.6% during the same period.

Additional Information:

The survey underscores the need for deregulation to accelerate and sustain economic growth, advocating for continued infrastructure investment over the next two decades to maintain high growth levels.