New Delhi. Finance Minister Nirmala Sitharaman on Friday presented an Economic Survey of current financial year 2024-25 in Parliament. This survey presents an account of the economic situation of the country. According to the report, India’s GDP growth rate is estimated to be between 6.3% to 6.8% in FY 2025-26, showing that economic activities may be slow next year. However, the report hoped that inflation will be controlled and consumption will remain stable.
The fastest growth rate estimates in four years
According to the Economic Survey, India’s growth rate is expected to fall by 6.4% in FY 2024-25 due to the week manufacturing sector and slow corporate investment. This will be the slowest growth of the last four years. India’s GDP growth was recorded at 8.2% in FY 2023-24, while 2022-23 had a growth of 7.2% in 2022-23 and 8.7% in 2021-22.
Finance minister nirmala sitharaman presented the #Economicsurveyvey2025 Today.
GDP growth is estimated to be 6.3% -6.8% in Financial Year 2026 (1 April 2025-31 March 2026). Retail inflation was 5.4% in fy 2024, which decreased to 4.9% in April-decider 2024. #IndIGDP, pic.twitter.com/wigywxipq4
– Krishna Kant Asthana (@Kk_ASTHANA) January 31, 2025
8% growth is necessary for developed India
The survey report has been prepared by the Chief Economic Advisor of the Ministry of Finance. It states that India will have to achieve stable GDP growth of 8% on an average for the next one or two decades to become a developed nation until 100 years of independence. The report also mentioned that global economic and political conditions may affect India’s development.
Possibility of softness in food inflation
The survey gives relief news about inflation. According to the report, in the financial year 2025-26, the risk of high commodity prices is likely to be limited. However, globally economic pressure still remains a matter of concern. Food inflation is expected to be softened in the fourth quarter of FY 2024-25 due to seasonal fall in vegetable prices and the arrival of kharif crop.
#Watch Delhi | Chief Economic Advisor, Dr. V. anantha nageswaran speakes about the economic survey 2024-25 pic.twitter.com/v3bjppcass
– ANI (@ani) January 31, 2025
Hope to boom in investment activities
The Economic Survey states that strategic and prudent policies will be needed to deal with adverse global conditions. Also, it will be necessary to further strengthen the domestic infrastructure. The report also reported that investment activities can accelerate more public capital expenditure and improvement in business environment.
