The fiscal balances of the central and state governments taken together have improved progressively despite expansionary public investments, according to the Economic Survey 2023-24. Tax compliance gains driven by procedural reforms, expenditure restraint, and increasing digitisation helped India achieve this fine balance, according to the Economic Survey 2023-24, tabled in Parliament by Finance Minister Nirmala Sitharaman on Monday. The external balance has been pressured by subdued global demand for goods, but strong services exports largely counterbalanced this, it added. Noting that global output is now somewhat more resilient than in 2022, the pre-Budget document said inflationary press
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