Economic Survey

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...

January 31, 2025 10:13 AM

Stock market opens higher ahead of economic survey, union budget

As the nation gears up for the Economic Survey and the Union Budget 2025-26, domestic benchmark indices opened higher on Friday, with optimism in the air as investors looked for potential catalysts from the upcoming announcements. The Sensex rose by 184 points or 0.24% to reach 76,935 around 9:31 a.m., while the Nifty gained 74 points or 0.32% to trade at 23,323 in early hours. Despite foreign institutional investors (FIIs) unwinding long positions, both Sensex and Nifty have maintained a thre...

January 31, 2025 9:18 AM

Budget Session 2025-26 begins today; Finance Minister Sitharaman to present Economic Survey at noon

The Budget session of Parliament kicks off today, beginning with President Droupadi Murmu's address to the joint sitting of both Houses at 11 am. After the address, Union Finance Minister Nirmala Sitharaman will present the Economic Survey at noon in the Lok Sabha, followed by its tabling in the Rajya Sabha at 2 pm. The Economic Survey, compiled by the Department of Economic Affairs under the guidance of the Chief Economic Adviser, will provide an in-depth analysis of the 2024-25 fiscal year a...

July 31, 2024 12:31 PM

Piyush Goyal confirms no change in policy on Chinese investments

Commerce and Industry Minister Piyush Goyal has confirmed that the government will not change its policy on foreign direct investments (FDI) from China. This decision comes despite recent suggestions from the Economic Survey. Goyal stated that the ideas presented in the Survey are not binding on the government. “There is no rethinking at present to support Chinese investments in the country,” he said. In 2020, the government mandated approval for FDI from countries sharing land borders wit...

September 16, 2024 5:23 PM

Indian economy capable of growing at sustained rate of 7%: Economic Survey

The Economic Survey presented in Parliament today by Finance Minister Nirmala Sitharaman paints an optimistic picture for India's economic future. According to the survey, the Indian economy has the potential to sustain a growth rate of over 7% in the medium term, provided it builds on the structural reforms undertaken over the last decade. This ambitious growth target, however, is not without conditions. The survey emphasizes that achieving this sustained growth will require a concerted effort...

September 16, 2024 5:52 PM

Finance Minister Nirmala Sitharaman to table Economic Survey in Parliament today

Union Finance Minister Nirmala Sitharaman will table the Economic Survey 2023-24 along with a statistical appendix in Parliament on Monday, a day ahead of the Union Budget. The Budget Session of Parliament will commence today (Monday) and subject to the exigencies of government business, the session is likely to conclude on August 12. Union Ministers Nirmala Sitharaman, Jayant Chaudhary, Pankaj Chaudhary, Kirtivardhan Singh and Sukanta Majumdar will present the document on the table in Lok Sabh...