Survey banks on fiscal discipline and higher capex to drive growth
- Recently released Economic Survey has highlighted that the strong domestic demand and a pickup in capital investment will support the country's growth trajectory in FY24
- The Survey said the government's thrust on capex, particularly in the infrastructure-intensive sectors like roads and highways, railways, and housing and urban affairs, has longer-term implications for growth.
- Significance of Capex-led growth:
- Will bring back animal spirits
- Help manage debt levels
