Economic Survey 2024 -25: Key highlights

The Economic Survey 2024-2025, presented by Finance Minister Nirmala Sitharaman, provides an in-depth analysis of India’s economic performance over the past year and outlines future projections. The survey highlights India’s steady economic growth and resilience despite global uncertainties.​Press Information Bureau

Key Highlights of the Economic Survey 2024-2025

1. GDP Growth

India’s real GDP growth for FY25 is estimated at 6.4%, aligning closely with the decadal average. This growth reflects the nation’s robust economic fundamentals and resilience amidst global challenges. ​PRS Legislative Research+2Press Information Bureau+2Press Information Bureau+2

2. Sectoral Performance

• Agriculture: The agricultural sector has grown consistently, contributing significantly to the GDP and ensuring food security.​

• Industry: The industrial sector has experienced moderate growth, with manufacturing and construction leading the way.​

• Services: The services sector remains a major contributor, with notable expansions in IT, finance, and real estate.​Press Information Bureau+4Finshots+4Reuters+4

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3. Inflation and Monetary Policy

Inflation rates have been stable, averaging around 4.9% in FY25, within the targeted range set by the Reserve Bank of India. This stability has allowed for accommodative monetary policies to support growth. ​Press Information Bureau

4. Fiscal Deficit

The fiscal deficit has been contained at 3.5% of GDP, reflecting prudent fiscal management and efficient revenue collection.​

5. Employment Trends

Unemployment rates have declined, with significant job creation in both urban and rural areas, particularly in the manufacturing and services sectors.​

6. Trade and External Sector

Exports have grown by 8%, driven by strong performance in pharmaceuticals, textiles, and engineering goods. Imports have also risen, leading to a manageable current account deficit.​ft.com Reuters

7. Infrastructure Development

Substantial investments in infrastructure, including roads, railways, and digital connectivity, have been made to bolster economic growth and improve quality of life.​

8. Social Sector Initiatives

Increased allocations for health, education, and social welfare programs aim to enhance human capital and reduce inequality.​

Future Outlook

The survey projects a GDP growth rate between 6.3% and 6.8% for FY26, emphasizing the need for continued structural reforms, technological adoption, and sustainable practices to maintain this trajectory.  Refer Finshots“

Also, read Union Budget 2025: A Comprehensive Analysis 

Conclusion

The Economic Survey 2024-2025 underscores India’s economic resilience and sets a positive outlook for the future. Continued focus on reforms, infrastructure, and social development is essential to sustain and enhance this growth momentum.​

For a comprehensive understanding, access the full Economic Survey 2024-2025 here.