Economic Growth
The survey projects a real GDP growth of 6.4% for the fiscal year 2024-25, with expectations for FY 2025-26 ranging between 6.3% and 6.8%. This cautious optimism reflects the government's acknowledgment of global uncertainties and domestic economic dynamics.
Sectoral Performance
Agriculture: The agriculture sector has demonstrated resilience, contributing significantly to the economy.
Services: Accounting for 55.6% of the Gross Value Added (GVA), the services sector remains a cornerstone of India's economic structure.
Industry: The industrial sector is projected to grow by 6.2%, driven by advancements in manufacturing and infrastructure development.
Key Economic Indicators
Inflation: Retail inflation has moderated, with a decline from 5.4% to 4.9%, indicating effective monetary policies.
Capital Expenditure: Post-general elections, there has been an 8.2% increase in capital expenditure, signaling renewed investor confidence.
Exports: Services exports have surged by 12.8% year-on-year, underscoring India's growing prominence in the global services market.
Infrastructure and Development
Renewable Energy: The renewable energy capacity has expanded by 15.8%, with renewables now constituting 47% of the total installed capacity.
Connectivity: Significant improvements in rail and road infrastructure have enhanced connectivity, facilitating trade and mobility.
Emerging Challenges
The survey identifies potential challenges, including job displacement due to artificial intelligence, the need for robust institutions to manage technological transitions, and ongoing geopolitical tensions that pose risks to global trade.
In conclusion, the Economic Survey 2025 emphasizes India's economic resilience, highlighting the importance of infrastructure development, sustainable growth, and technological adaptation to navigate future challenges.
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