SUMMARY OF ECONOMIC SURVEY 2024-25

India's GDP is projected to grow between 6.3% and 6.8% in FY26, with real GDP at 6.4% in FY25. This significant growth forecast, highlighted in the Economic Survey 2024-25, underscores the importance of deregulation and infrastructure investment for sustained economic progress. This is crucial for UPSC aspirants, especially for GS Paper 3. Last Updated: 2025-02-01

Key Facts About Economic Survey 2024-25

• GDP Growth: Expected between 6.3% and 6.8% in FY26.
• Real GDP: Estimated at 6.4% in FY25.
• Capital Expenditure: Grew at 8.2% from July to November 2024.
• Inflation: Retail headline inflation softened to 4.9%.
• Consumer Price Inflation: Expected around 4% in FY26.
• Exports: Grew by 6.0% year-on-year during April-December 2024.
• FDI Inflows: Increased from USD 47.2 billion to USD 55.6 billion.
• Forex Reserves: Stand at USD 640.3 billion.

India's Economic Resilience and Growth

The Economic Survey 2024-25 highlights India's robust economic resilience, with strategic deregulation and infrastructure investment as key drivers. This aligns with India's broader economic goals of achieving sustainable growth and improving global competitiveness. The projected GDP growth of up to 6.8% positions India favorably on the global stage, with a global growth forecast of 3.2% over the next five years.

Related Government Schemes/Policies

• Make in India: Aims to boost manufacturing and attract FDI.
• National Infrastructure Pipeline: Focuses on infrastructure development to spur economic growth.
• Atmanirbhar Bharat: Promotes self-reliance and economic resilience.

UPSC Relevance

• GS Paper 1: Economic development and growth trends.
• GS Paper 2: Government policies and interventions for development.
• GS Paper 3: Indian Economy, infrastructure, and investment models.
• Prelims: Key statistics like GDP growth rates, inflation figures, FDI inflows.
• Mains: Analytical themes on economic reforms, infrastructure investment, and deregulation.

FAQ Section

• What is the Economic Survey 2024-25? The Economic Survey 2024-25 is a comprehensive report by the Government of India that reviews the country's economic performance and projects future growth, highlighting a GDP growth of 6.3% to 6.8% in FY26.
• Why is the Economic Survey important? It provides critical insights into the economic health of the nation, guiding policy decisions and reforms necessary for achieving strategic economic goals.
• What are the key features of the Economic Survey 2024-25? Key features include projected GDP growth, softened inflation rates, increased FDI inflows, and a focus on deregulation and infrastructure investment.