Which of the following statements are correct about Economic Survey 2023-2024?

(A) Government spending has seen a declining trend since 2015-2016.

(B) India's target is to become a developed economy by the year 2047.

(C) Fiscal deficit was reduced in the year 2023.

(D) Inflation in the year was at the lowest level since the Covid-19 pandemic period.

Choose the correct answer from the options given below:

Option 1 -> This includes statement (A) which is incorrect as government spending has actually increased, not declined since 2015-2016, making this option wrong.

Option 2 -> This includes statement (A) which is incorrect regarding the declining trend in government spending, making this option wrong.

Option 3 -> This includes all statements including (A) which is incorrect about government spending trends, making this option wrong.

Option 4 -> This correctly identifies only statements (B), (C), and (D) as correct while excluding the incorrect statement (A) about declining government spending.

Hence, Option 4: (B), (C) and (D) only -> Statement (A) is incorrect as government spending has shown an increasing trend with significant capital expenditure on infrastructure and welfare schemes. Statement (B) is correct as India aims for developed nation status by 2047 (Viksit Bharat). Statement (C) is correct as fiscal deficit was successfully reduced showing fiscal consolidation. Statement (D) is correct as inflation moderated to its lowest post-pandemic levels in 2023-24 -> correct