🃏Union Finance Minister Nirmala Sitharaman has tabled the Economic Survey 2025. The survey was tabled during the Budget Session in the Parliament on Friday.
ꦅThe Economic Survey document reviews the state of the economy in the outgoing budget and sets the precedent for the incoming one.
🃏Union Finance Minister Nirmala Sitharaman has tabled the Economic Survey 2025. The survey was tabled during the Budget Session in the Parliament on Friday.
𓆏As per this document, the GDP growth for India is pegged at 6.3 to 6.8 percent.
♔"The fundamentals of the domestic economy remain robust, with a strong external account, calibrated fiscal consolidation and stable private consumption. On balance of these considerations, we expect that the growth in FY26 would be between 6.3 and 6.8 per cent," said the economic survey released by the government.
ܫSome of the key highlights of the survey include the persisting factor of geopolitical risks due to the ongoing conflicts in West Asia, Ukraine, Africa and more.
♐When it comes to economic conditions, sources have cited that the growth will remain "sluggish" next year with GDP growth pegged at 6.3 to 6.8 percent.
▨As per the survey released on Friday, the global economy experienced a steady yet uneven growth in 2024 due to a slowdown in manufacturing.
🎶Factors such as geopolitical tensions, ongoing wars and trade policy risks further added to global economic instability.
🐓As per the Economic Survey, India's GDP is estimated to grow by 6.4 percent, solely by agriculture and services.
꧋For the incoming year, India is expecting a "balanced outlook" for FY26. Furthermore, the report highlighted that investment pick-up, improved consumer confidence, and corporate wage growth are much needed for economic growth.
ꦅThe survey also acknowledges China's dominance in the manufacturing and energy transition systems
♏The Economic Survey is an annual document presented by the government ahead of the Union Budget. This document reviews the state of the economy in the outgoing budget and sets the precedent for the incoming one.
ᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚThe document also provides an overview of the short-to-medium-term prospects of the economy.
൲This survey is prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance under the supervision of the chief economic adviser.
🐬Earlier on, the survey used to be presented as part of the Union Budget. However, in the 1960s, the survey was separated from the budget is now presented and tabled a day before the Budget presentation.