PREVIOUS
✖
Economic Survey 2025
February 2 , 2025
7 hrs 0 min
33
0
- The Economic Survey is a document which provides a summary of the Indian economy's performance, the government policies, and outlook for the upcoming financial year.
- The Economic Survey is prepared by the economic division of the Department of Economic Affairs headed by the Chief Economic Advisor (CEA).
- The survey has projected GDP growth to be 6.4 per cent for the financial year 2025-2026 (FY26).
- In the last fiscal year, construction sector showed exponential growth, growing about 15 per cent above its pre-pandemic trend.
- India's real GDP growth of 6.4 per cent in FY25 remains close to the decadal average.
- The gross non-performing assets declined to a 12-year low of 2.6 per cent of gross loans and advances.
- The aggregate demand in the economy is estimated to grow by 7.3 per cent, driven by a rebound in rural demand.
- Gross fixed capital formation (GFCF) (at constant prices) is estimated to grow by 6.4 per cent.
- On the supply side, the real gross value added (GVA) is estimated to grow by 6.4 per cent.
- The agriculture sector is expected to rebound to a growth of 3.8 per cent in FY25.
- The industrial sector is estimated to grow by 6.2 per cent in FY25.
- Growth in the services sector is expected to remain robust at 7.2 per cent.
- The Survey expects the real GDP growth in FY26 to be between 6.3 and 6.8 per cent.
- The percentage of self-employed individuals in India's workforce has increased to 58.4 per cent in 2023-24 from 52.2 per cent in 2017-18.
- India has tied with Germany, Vietnam, and UK in terms of the average weekly working hours at the highest level of 48 hours.
- Malaysia stands at the second spot, with an average weekly working hours of 45, and Singapore is third, with an average of 44 hours per week.
- The school dropout rates have steadily declined in recent years, standing at 1.9 per cent for the primary, 5.2 per cent for the upper primary and 14.1 per cent for the secondary levels.
- The India's school education system serves 24.8 crore students across 14.72 lakh schools with 98 lakh teachers.
- 313 Gram Nyayalayas disposed of more than 2.99 lakh cases from December 2020 to October 2024.
- The retail headline inflation softened from 5.4 per cent in FY24 to 4.9 per cent in April –December 2024.
- India’s current account deficit stood at 1.2% of GDP in Q2FY25.
- The unemployment rate has reduced to 3.2 per cent in 2023-24 (July-June) from 6.0 per cent inn2017-18 (July-June).
- After the general elections, Capital expenditure has capex has grown by 8.2 per cent during July – November 2024 on a year-on-year basis.
- The net FDI inflows to India dropped from $42 billion during FY23 to $26.5 billion in FY24.
Leave a Reply
Your Comment is awaiting moderation.