The Union Minister of Finance and Corporate Affairs presented the Economic Survey 2024-25 to Parliament.

The Union Minister of Finance and Corporate Affairs presented the Economic Survey 2024-25 to Parliament.

The Economic Survey provides an overview of India’s economic performance, government policies, and projections for the upcoming financial year.

Prepared by: The Department of Economic Affairs within the Union Finance Ministry, under the direction of the Chief Economic Advisor (CEA).

Focus of the Economic Survey 2024-25: Promoting domestic growth and resilience through deregulation.

Key Highlights of the Economic Survey 2024-25:

• Real Gross Domestic Product (GDP): The real GDP growth for the current financial year (FY25) is projected at 6.4%, with expectations for the following year (FY26).
• Headline Inflation: Inflation is moderating due to a decrease in core inflation (inflation in goods and services excluding food and fuel).
• Export Growth Amid Global Challenges: Total exports (goods and services) surpassed $600 billion in the first nine months of FY25.

Concerns Raised by the Survey:

• Unfavorable Global Economic Environment: Rising trade protectionism has slowed global trade and investment.
• China’s Manufacturing Dominance: China now accounts for a third of global production, exceeding the combined output of the next 10 countries.
• India's Limitations: India faces challenges in producing critical goods at the required scale and quality to meet the infrastructure and investment demands of an emerging economy

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