Union Finance Minister Nirmala Sitharaman Tables Economic Survey 2024-2025

Overview of the Economic Survey 2024-2025

The Economic Survey is a crucial document that outlines the overall economic health of a country. On January 31, 2025, Union Finance Minister Nirmala Sitharaman presented the Economic Survey for the fiscal year 2024-2025. This survey serves as the foundation for the subsequent budget, providing insights into various economic indicators and projections.

Key Highlights from the Survey

The Economic Survey 2024-2025 presents a comprehensive analysis of the Indian economy, focusing on growth rates, inflation trends, and sectoral performances. Notably, the survey forecasts a GDP growth of 6.5% for the upcoming fiscal year, indicating a steady recovery from previous economic disruptions.

One of the significant sectors highlighted is the manufacturing sector, which is expected to experience robust growth owing to government initiatives aimed at promoting 'Make in India.' The survey also emphasizes the importance of digital transformation in enhancing productivity across various sectors. Furthermore, it addresses challenges such as unemployment rates and proposes strategies for job creation, particularly through skill development programs.

Challenges and Recommendations

While the Economic Survey projects optimistic growth, it does not shy away from discussing the challenges that lie ahead. High inflation and global uncertainties are mentioned as potential hurdles to sustaining economic momentum. The survey recommends adopting prudent fiscal policies and maintaining a balanced approach towards public spending and revenue generation.

Additionally, the Economic Survey advocates for enhancing social welfare schemes and fortifying the healthcare system. The emphasis on sustainability and green initiatives is also notable, signaling the government’s commitment to long-term economic stability while addressing environmental concerns.

In conclusion, the Economic Survey 2024-2025, as tabled by Union Finance Minister Nirmala Sitharaman, provides valuable insights into India's economic prospects. It serves not only as a reflection of the current economic scenario but also as a roadmap for future policy directions aimed at fostering a resilient and inclusive economy.