Union Budget 2024: Timeline of major milestones that shaped Indian economy

Union Finance Minister Nirmala Sitharaman tabled the Economic Survey in Parliament on Tuesday. The Economic Survey is an annual document which reflects the picture of the nation's financial condition in the last fiscal year. The document provides an overview of the short-to-medium-term prospects of the economy. The document is presented ahead of the union budget. The latest economic survey of FY24 projected GDP growth of 6.5-7 per cent in FY25. Moreover, India's consumer price inflation will progressively align towards the inflation target in FY26. Amid these promising figures, it is imperative to take a look at the timeline of the Indian economy and understand how it evolved over time.