Highlights of Economic Survey 2024-25

INDIA`S REAL GDP AND GVA GROWTH ESTIMATED AT 6.4 PER CENT IN FY25 (FIRST ADVANCE ESTIMATES)

THE REAL GDP GROWTH TO GROW BETWEEN 6.3 AND 6.8 PER CENT IN FY26

THRUST ON GRASSROOTS-LEVEL STRUCTURAL REFORMS AND DEREGULATION TO BOOST MEDIUM-TERM GROWTH POTENTIAL AND GLOBAL COMPETITIVENESS

GEO-ECONOMIC FRAGMENTATION (GEF) IS REPLACING GLOBALIZATION LEADING TO IMMINENT ECONOMIC REALIGNMENTS AND READJUSTMENTS

FOCUS OF REFORMS AND EASE OF DOING BUSINESS 2.0 TO CREATE INDIA’S MITTELSTAND, I.E. INDIA`S SME SECTOR

TO MEET THE REQUIREMENTS OF INFRASTRUCTURE PRIVATE SECTOR PARTICIPATION WILL BE CRUCIAL

CAPEX IMPROVED CONTINUOUSLY FROM FY21 TO FY24 AND POST GENERAL ELECTIONS, IT GREW YOY BY 8.2 PER CENT

CAPITAL EXPENDITURE ON KEY INFRASTRUCTURE SECTORS GROWN AT A RATE OF 38.8 PER CENT FROM FY20 TO FY24

RBI AND THE IMF PROJECT INDIA’S CONSUMER PRICE INFLATION WILL ALIGN WITH TARGET OF 4 PER CENT IN FY26

RETAIL HEADLINE INFLATION SOFTENED FROM 5.4 PER CENT IN FY24 TO 4.9 PER CENT IN APRIL –DECEMBER 2024

BANK CREDIT HAS GROWN AT A STEADY RATE WITH CREDIT GROWTH CONVERGING TOWARDS DEPOSIT GROWTH

GNPA OF SCHEDULED COMMERCIAL BANKS DECLINED TO A 12-YEAR LOW OF 2.6 PER CENT

Rs 3.6 LAKH CRORE REALIZED IN RESOLUTION OF 1,068 PLANS TILL SEPTEMBER 2024 UNDER INSOLVENCY AND BANKRUPTCY CODE

Rs 11.1 LAKH CRORE MOBILISED THROUGH EQUITY AND DEBT TILL DECEMBER 2024, A 5% INCREASE THAN PREVIOUS YEAR

BSE STOCK MARKET CAPITALISATION TO GDP RATIO STOOD AT 136 PER CENT, FAR HIGHER THAN CHINA (65 PER CENT) AND BRAZIL (37 PER CENT)

OVERALL EXPORTS GREW BY 6 PER CENT, SERVICES BY 11.6 PER CENT (YOY) IN THE FIRST NINE MONTHS OF FY25

INDIA RANKS 2ND LARGEST EXPORTER IN THE WORLD IN ‘TELECOMMUNICATIONS, COMPUTER, & INFORMATION SERVICES’, AS PER UNCTAD

FOREX AT USD 640.3 BILLION, SUFFICIENT TO COVER 10.9 MONTHS OF IMPORTS AND 90 PER CENT OF EXTERNAL DEBT

GOVERNMENT‘S SPACE VISION 2047 INCLUDES GAGANYAAN MISSION AND CHANDRAYAAN-4 LUNAR SAMPLE RETURN MISSION

DRASTIC REDUCTION ON SMARTPHONE IMPORTS, 99 PER CENT NOW MANUFACTURED DOMESTICALLY: ECONOMIC SURVEY 2024-25

WIPO REPORT 2022 – INDIA RANKS SIXTH AMONG THE TOP 10 PATENT FILING OFFICES GLOBALLY

Rs 50,000 CRORE SELF-RELIANT INDIA FUND LAUNCHED TO PROVIDE EQUITY FUNDING TO MSMES

INDIA’S SERVICES EXPORT GROWTH SURGED TO 12.8 PER CENT DURING APRIL–NOVEMBER FY25, UP FROM 5.7 PER CENT IN FY24

THE TOURISM SECTOR`S CONTRIBUTION TO GDP RETURNED TO ITS PRE-PANDEMIC LEVEL OF 5 PER CENT IN FY23

AGRICULTURE AND ALLIED ACTIVITIES SECTOR CONTRIBUTES APPROXIMATELY 16 PER CENT OF THE COUNTRY’S GDP FOR FY24 (PE) AT CURRENT PRICES

KHARIF FOODGRAIN PRODUCTION IS EXPECTED TO REACH 1647.05 LMT, AN INCREASE OF 89.37 LMT FROM PREVIOUS YEAR

FISHERIES SECTOR SHOWN HIGHEST CAGR OF 8.7 PER CENT, FOLLOWED BY LIVESTOCK WITH A CAGR OF 5.8 PER CENT

INSTALLED ELECTRICITY GENERATION CAPACITY FROM NON-FOSSIL FUEL SOURCE ACCOUNTS FOR 46.8 PER CENT OF THE TOTAL CAPACITY

ADDITIONAL CARBON SINK OF 2.29 BILLION TONNES CO2 EQUIVALENT HAS BEEN CREATED BETWEEN 2005 AND 2023

BY 2030, LIFE MEASURES COULD SAVE CONSUMERS AROUND USD 440 BILLION GLOBALLY

SOCIAL SERVICES EXPENDITURE REGISTERS AN ANNUAL GROWTH RATE OF 15 PER CENT FROM FY 21 TO FY 25

GOVERNMENT HEALTH EXPENDITURE INCREASES FROM 29.0 PER CENT TO 48.0 PER CENT; EXPENDITURE BY PEOPLE ON HEALTH DECLINES FROM 62.6 PER CENT TO 39.4 PER CENT

UNEMPLOYMENT RATE DECLINES TO 3.2 PER CENT IN 2023-24 FROM 6.0 PER CENT IN 2017-18

GROWING DIGITAL ECONOMY AND RENEWABLE ENERGY SECTORS PROVIDE ENHANCED OPPORTUNITIES FOR JOB CREATION, ESSENTIAL FOR ACHIEVING VIKSIT BHARAT’S VISION

PM-INTERNSHIP SCHEME EMERGES AS TRANSFORMATIVE CATALYST FOR EMPLOYMENT GENERATION

BARRIERS TO LARGE-SCALE AI ADOPTION PERSIST IN PRESENT, LEADING TO A WINDOW FOR POLICYMAKERS TO ACT

COLLABORATIVE EFFORT BETWEEN GOVERNMENT, PRIVATE SECTOR, AND ACADEMIA ESSENTIAL TO MINIMISE ADVERSE SOCIETAL EFFECTS OF AI-DRIVEN TRANSFORMATION