Economic Survey 2025: Finance Minister Nirmala Sitharaman presented the Economic Survey today, January 31. According to the survey, GDP growth is projected at 6.3% to 6.8% for FY26 (April 1, 2025, to March 31, 2026). Additionally, GST collections for 2024-25 are expected to rise by 11%, reaching ₹10.62 lakh crore.
The Economic Survey, traditionally presented a day before the budget, provides key estimates, including the country’s GDP growth and inflation trends for the current financial year (2024-25). It serves as a comprehensive report, similar to a household diary, detailing the state of the Indian economy.
GDP Growth Projections for 2025-26
Finance Minister Nirmala Sitharaman presented the Economic Survey 2024-25 in the Lok Sabha, offering a detailed account of India’s economic health. According to the survey, the GDP growth rate for FY 2025-26 is estimated to be between 6.3% and 6.8%. However, the report also highlighted that external challenges have contributed to a decline in GDP growth in the current financial year (2024-25).
Path to Becoming a Developed Nation by 2047
The survey outlines that to achieve the goal of making India a developed nation by 2047, an average GDP growth rate of 8% must be sustained over the next one to two decades. This growth is essential for fulfilling India’s aspirations by the centenary of independence. However, it emphasizes that global political and economic conditions will play a critical role in influencing India’s progress toward this goal.
Impact of Artificial Intelligence on Employment
The Economic Survey raises caution about the potential impact of Artificial Intelligence (AI) on employment in various sectors. As technology continues to advance, the survey underlines the need for proactive strategies to address emerging challenges in the job market.
Challenges in Exports and Manufacturing
The report discusses a decline in exports during the current financial year and highlights concerns over the manufacturing sector’s dependence on China. It stresses the importance of deregulating industries to boost domestic production and reduce reliance on external markets.
Inflation and Economic Stability
While the survey did not specify immediate inflation trends, it underscored the necessity of maintaining stable economic conditions and addressing external challenges to meet growth targets.
Economic Survey 2024-25 Full Document
Economic Survey: All You Need to Know
What is an Economic Survey?
We live in a country where the number of middle class people is very high. A diary is maintained in most of our homes. Complete accounts are kept in this diary. When we look at it after the year ends, we come to know how our household was run? Where did we spend? How much did we earn? How much did we save? Based on this, we then decide how we have to spend in the coming year? How much do we have to save? How will our condition be?
Economic Survey is just like our household diary. It tells us the state of our country’s economy. Economic Survey contains the accounts of the past year and suggestions, challenges and solutions for the coming year. Economic Survey is presented a day before the budget.
Who prepares the Economic Survey?
Economic Affairs is a department under the Finance Ministry. There is an Economic Division under it. This Economic Division prepares the Economic Survey under the supervision of the Chief Economic Advisor i.e. CEA. Currently the CEA is Dr. V Anantha Nageshwaran.
Why is economic survey necessary?
This is important in many ways. Economic Survey works as a direction for our economy because it tells us how our economy is doing and what we need to do to improve it.
Is it necessary for the government to introduce it?
The government is not bound to present the survey and accept the suggestions or recommendations given in it. If the government wants, it can reject all the suggestions given in it. Still, it is important because it gives an account of the economy of the past year.
The first economic survey was presented in 1950-51
The first Economic Survey of India was presented in 1950-51 as a part of the Union Budget. However, since 1964, the survey has been separated from the Union Budget. Since then, the Economic Survey is released just a day before the presentation of the budget.
Also Read:
Passionate journalist and content creator at ByNewsIndia, bringing readers the latest updates on politics, business, technology, and lifestyle with accuracy and clarity.