Economic Survey

January 31, 2025 9:33 PM

Stage set for FM Sitharaman to present Budget 2025-26 tomorrow

The unveiling of the Economic Survey on Friday sets the stage for Finance Minister Nirmala Sitharaman to present the Union Budget for 2025-26 in Parliament on Saturday (February 1), which is expected to continue the government's policy of giving a big push to economic growth with equity. The government has prioritised improving the quality of life in rural areas to ensure equitable and inclusive development, according to the Economic Survey 2024-25. The survey highlights financial inclusion as...

January 31, 2025 8:07 PM

PM Internship Scheme, public-private partnerships to boost industry-ready workforce

The Economic Survey 2024-25 has outlined initiatives such as the PM Internship Scheme and public-private partnerships for skill development and vocational training as key measures to create an industry-ready workforce. It states that by developing a skilling ecosystem with a globally competitive workforce, India can improve employability in global job markets. According to the Periodic Labour Force Survey (PLFS), the unemployment rate in India has decreased, with labour force participation and ...

January 31, 2025 6:53 PM

Improving mental health crucial for India’s future workforce, says Economic Survey 2025

The Economic Survey 2024-25, presented by Union Finance Minister Nirmala Sitharaman, examines the connection between mental health and the country’s economic future. It discusses how mental well-being plays a key role in overcoming challenges and maintaining productivity. The survey defines mental well-being as encompassing emotional, social, cognitive, and physical health, all of which contribute to overall health. The survey identifies lifestyle choices, workplace culture, and family dynami...

January 31, 2025 6:18 PM

From 23.7% to 28.4%: India’s rising higher education enrolment

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman presented the Economic Survey 2024-25 in Parliament. The Survey states that education and human capital development are central to national progress, with the National Education Policy 2020 (NEP) based on this principle. India's school education system serves 24.8 crore students across 14.72 lakh schools with 98 lakh teachers, according to UDISE+ 2023-24. Government schools make up 69 percent of the total, enrolling 50 percent ...

January 31, 2025 5:32 PM

Kisan credit cards reach 7.75 crore as of March 2024: Economic Survey

The Economic Survey 2024-25, presented by Union Finance Minister Nirmala Sitharaman, reports that 7.75 crore Kisan Credit Card (KCC) accounts were operational as of March 2024, with an outstanding loan amount of ₹9.81 lakh crore. Among these, 1.24 lakh KCCs were issued for fisheries, while 44.40 lakh KCCs were allocated for animal husbandry. Under the Modified Interest Subvention Scheme (MISS), claim processing has been digitized through the Kisan Rin Portal (KRP) from FY25. By December 31, 2...

January 31, 2025 5:10 PM

India needs 8% growth to achieve Viksit Bharat by 2047: Economic Survey

India must sustain an average growth rate of 8% over the next two decades to realize its ambition of becoming a developed nation by 2047, according to the Economic Survey 2024-25 tabled in Parliament by Finance Minister Nirmala Sitharaman. The report underscores that this growth target is crucial for achieving the nation's vision of "Viksit Bharat" as it marks its centenary of independence. However, it cautions that global political and economic factors will inevitably influence India’s growt...

January 31, 2025 4:44 PM

India a bright spot in global manufacturing despite persistent geo-political tensions: Economic Survey

India continues to stand out on the global manufacturing map despite ongoing geopolitical tensions, aggressive trade policies, supply chain disruptions, and a global trade slowdown. The Economic Survey 2024-25, released on Friday, highlights that fostering investments in research and development (R&D), driving innovation, and enhancing the growth and formalization of smaller manufacturers will play a key role in driving growth across various sectors. A Changing Global Manufacturing Landscap...

January 31, 2025 4:04 PM

Govt bullish on creating robust infra, private sector must reciprocate too: Economic Survey

The government has laid a special focus on infrastructure -- physical, digital and social -- in the last five years and those efforts would need to be supplemented with wholehearted acceptance of the need for public-private partnerships in infrastructure across the country, the Economic Survey 2024-25 said on Friday. Tabled in the Parliament by Finance Minister Nirmala Sitharaman, the Survey said equally important is that "the private sector must also reciprocate". " While estimates of the req...

January 31, 2025 3:44 PM

India’s economy remains steady amidst global uncertainties: Economic Survey

India’s domestic economy remains steady amidst global uncertainties, driven by robust growth in the services sector, a rebound in agriculture, and the industrial sector picking up momentum on the back of rising private consumption, according to the Economic Survey tabled in Parliament on Friday. As per the first advance estimates released by the National Statistical Office, the real Gross Domestic Product (GDP) growth for FY25 is estimated to be 6.4 percent, the survey points out. The survey...

January 31, 2025 2:58 PM

India uniquely positioned to harness AI potential, says economic survey 2024-25

India’s demographic edge and diverse economic environment present a unique opportunity for the nation to leverage artificial intelligence (AI), according to the Economic Survey for 2024-25 tabled in Parliament on Friday by Finance Minister Nirmala Sitharaman. The report emphasized that to fully capitalize on AI’s transformative potential, India must prioritize substantial investments in education and workforce skilling while fostering supportive institutions that can adapt to evolving techn...