Economic Survey 2025 Highlights:
Jobs, growth, fiscal deficit — how Indian economy performed and the way ahead
Jan 31, 2025
Synopsis
Economic Survey Budget 2025 Highlights: Finance Minister Nirmala Sitharaman tables India's Economic Survey for 2024-25 in Parliament, covering current economic performance and proposing future reforms. Key issues like slower growth and the rupee's decline are expected to be addressed. The Union Budget follows on Saturday.
India's Economic Survey for 2024-25 was tabled in Parliament today. Finance Minister Nirmala Sitharaman tabled the report in Lok Sabha before the Union Budget. The Survey reviews the current financial year's economic performance and identifies national challenges. It also suggests future reforms and growth strategies. A team led by Chief Economic Adviser V Anantha Nageswaran prepared the document.
The Economic Survey prioritises deregulation as the driving force for India's domestic growth and resilience in the face of global economic and political shifts. The survey acknowledges the impact of elections in major democracies, economic instability in Europe, China's economic slowdown, and the strength of the US dollar. Given the slowing pace of global trade, the survey emphasizes the importance of domestic growth drivers. The survey advocates for a balanced approach to energy transition, promoting electric mobility and public transport while also addressing the need for skilling and education to leverage technological advancements like AI.
Here are all the key highlights from the Economic Survey 2025:
➤ FY26 GDP growth seen in 6.3-6.8% range
➤ The Economic Survey prioritizes deregulation as the driving force for India's domestic growth and resilience in the face of global economic and political shifts.
➤ The survey acknowledges the impact of elections in major democracies, economic instability in Europe, China's economic slowdown, and the strength of the US dollar.
➤ Given the slowing pace of global trade, the survey emphasizes the importance of domestic growth drivers.
➤ The survey advocates for a balanced approach to energy transition, promoting electric mobility and public transport while also addressing the need for skilling and education to leverage technological advancements like AI.
➤ It calls for increased productivity in the agricultural sector and a reduction in government intervention in the economy.
➤ Specific policy recommendations are outlined for women, farmers, youth, and the poor, focusing on empowerment and targeted support.
➤ The survey delves into the impact of work culture on mental health and explores the complex relationship between renewable energy and coal consumption.
➤ It also highlights the need for front-of-pack labelling for ultra-processed foods due to health concerns.
➤ The survey includes chapters on the industrial sector, employment and skill development, and external sector developments, featuring a special essay on AI and its implications.
➤ It discusses restrictive trade policies and their potential impact on India, showcasing the success of the Production-Linked Incentive Scheme.
➤ Furthermore, the survey emphasizes the importance of building trust within Indian society for economic growth and underscores the need for fiscal prudence and a reassessment of India's sustainable current account deficit.
[The Economic Times]
