The Economic Survey 2024-25, tabled by Union Finance Minister Nirmala Sitharaman, provides a comprehensive analysis of India’s economic performance, challenges, and projections. Here are some of the key points and highlights:

  1. Economic Growth: India’s GDP is projected to grow at 6.4% in FY25, (fiscal year )with a forecast of 6.3%-6.8% growth for FY26. This growth aligns with the decadal average but remains subject to global risks like geopolitical tensions.
  2. Monetary and Financial Sector: The banking sector is stable with reduced non-performing assets (NPAs), while the stock market has performed well. Capital mobilization has increased, with a 5% rise in primary market mobilization. Insurance and pension sectors are also showing positive growth.
  3. External Sector: India’s exports grew 6% YoY, and the country remains a strong player in global services exports. Foreign Direct Investment (FDI) inflows increased by 17.9%, highlighting global confidence in India’s economic resilience.
  4. Investment & Infrastructure: Public infrastructure spending surged, with significant growth in sectors like roads, railways, and renewables. India is also making strides in digital expansion and rural electrification.
  5. Industry and Services: Industrial growth is driven by sectors like electricity and construction, while services, particularly in telecommunications and IT, continue to grow. The agriculture sector, especially high-value sectors like horticulture and livestock, is also expanding.
  6. Climate & Environment: India is focusing on sustainable development, with a significant share of electricity generation coming from non-fossil fuels. The Life for Environment (LiFE) movement is helping drive global sustainability efforts.
  7. Social Sector and Employment: Government spending on social services has risen, and income inequality has declined. Unemployment has also decreased, and initiatives to boost women entrepreneurship and skills development are showing progress.
  8. AI in the Workforce: The Economic Survey highlights AI’s potential to revolutionize various sectors but also stresses the need for a collaborative approach to integrate AI while mitigating its societal impacts.