Economic Survey 2025:
Nirmala Sitharaman Tables the 2024-25 Report.The Economic Survey of India 2025 provides a comprehensive overview of India’s economic performance, highlighting key trends, challenges, and policy recommendations for sustainable growth.
Important Points:
- GDP Growth: 6.4% in FY25, projected 6.3-6.8% in FY26.
- Inflation: Softened to 4.9% (FY25).
- Exports: Resilient, with non-petroleum exports up 9.1%.
- CAPEX: Grew 8.2% YoY (July-Nov 2024).
- Bank Credit: Outpaced GDP growth, NPAs at 12-year low (2.6%).
- Stock Market: BSE market cap/GDP at 136%, outperforming peers.
- Insolvency Resolutions: ₹3.6 lakh crore recovered under IBC.
- Insurance & Pension: Premiums grew 7.7%, pension subscribers up 16%.
- Exports: Overall growth of 6%, services exports up 11.6%.
- FDI: Inflows rose 17.9% to USD 55.6 billion (FY25).
- FOREX Reserves: USD 640.3 billion, covering 10.9 months of imports.
- CAD: Stable at 1.2% of GDP.
- Global Inflation: Fell to 5.7% (2024) from 8.7% (2022).
- Retail Inflation: Eased to 4.9% (FY25), targeting 4% by FY26.
- Agriculture: Climate-resilient crops key to price stability.
- Growth Target: 8% needed for Viksit Bharat by 2047.
- Deregulation: Focus on Ease of Doing Business 2.0 and SME growth.
- Global Challenges: Geo-economic fragmentation and China’s dominance.
- CAPEX: Grew 38.8% (FY20-FY24).
- Railways: 2031 km added, 17 new Vande Bharat trains.
- Renewables: Capacity up 15.8%, now 47% of total energy.
- Digital Connectivity: 5G rolled out, 4G in 10,700 villages.
- Growth: Industrial sector to grow 6.2% (FY25).
- Smart Manufacturing: Push for Industry 4.0 and SAMARTH Udyog.
- Pharma & Electronics: ₹4.17 lakh crore turnover, 99% smartphones made in India.
- MSMEs: Self-Reliant India Fund with ₹50,000 crore corpus.
- Contribution: 55.3% to GVA (FY25).
- Exports: Services exports up 12.8% (Apr-Nov FY25).
- Tourism: Back to pre-pandemic 5% GDP contribution.
- Contribution: 16% to GDP.
- Foodgrain Production: Kharif output up 89.37 LMT (2024).
- MSP Hikes: Arhar (+59%), Bajra (+77%).
- Food Security: PMGKAY extended for 5 years.
- Renewables: 46.8% of total energy capacity.
- Carbon Sink: 2.29 billion tonnes CO2 added (2005-2024).
- LiFE Initiative: Aims to save USD 440 billion globally by 2030.
- Health: Govt spending up to 48%, out-of-pocket expenses down to 39.4%.
- Inequality: Gini coefficient declined in rural and urban areas.
- SDGs: Gram Panchayats aligning budgets with SDGs.
- Unemployment: Fell to 3.2% (2023-24).
- Demographics: 26% population aged 10-24.
- Skill Development: Focus on AI, automation, and digitalisation.
- Formal Jobs: EPFO payroll additions doubled in 6 years.
- AI Potential: To surpass human performance in key sectors.
- Challenges: Reliability, infrastructure, and resource gaps.
- Augmented Intelligence: Human-machine collaboration for productivity.
- Policy Action: Govt, private sector, and academia must collaborate.
