Economic Survey: Growth rate may range between 6.3-6.8% in FY 2025-26, estimates in Economic Survey

New Delhi|Finance Minister Nirmala Sitharaman introduced the Economic Survey 2024-25 in the Lok Sabha. Economic Survey is an annual document submitted by the government to review the state of the economy before the Union Budget.

Finance Minister Nirmala Sitharaman introduced the Economic Survey 2024-25 in the Lok Sabha. Economic Survey is an annual document submitted by the government to review the state of the economy before the Union Budget.

This document brings out the short to medium term prospects of the economy. The Economic Survey is prepared on behalf of the Economic Division of the Department of Economic Affairs of the Ministry of Finance under the supervision of the Chief Economic Adviser. The first Economic Survey was separated from the Union Budget in the 1960’s in existence in 1950-51 and was presented the day before the budget was presented. The Finance Minister will present the Union Budget for the year 2025-26 on Saturday.

Important points of the Economic Review 2024-25

1. Indian economy projected to grow at 6.3 to 6.8 percent

2. The foundation of the Indian economy is strong with strong external accounts and stable private consumption

3. Investment activities expected to pick up due to higher public expenditure and improving business expectations

4. India’s economic prospects for FY 2025-26 are balanced.

5. Political and trade uncertainties are major obstacles to growth

6. Food inflation likely to moderate in the fourth quarter of the current financial year

7. Fall in prices of vegetables and arrival of Kharif crops will help

8. Inflation risks from higher commodity prices seem limited in FY 2025-26, with geopolitical pressures still posing risks

9. India needs to improve its global competitiveness by relaxing grassroots structural reforms and regulation

10. Lack of proper governance framework for AI is likely to lead to misuse of technology