As the Union Budget 2025-26 is to be unfolded by Finance Minister Nirmala Sitharaman on Saturday, the Economic Survey 2024-25 will be introduced a day earlier, Friday, January 31. The survey, an annual report on the economic performance of India, will cover the information on the trends of India’s growth, arrangements of Indian sectors, and problems in the future of India.
What is the Economic Survey?
The Economic Survey is a government publication prepared by a team, including its chairperson, Chief Economic Adviser (CEA) V Anantha Nageswaran . It is a systematic review on the economic carrier of India during the last twelve months and gives projections of the coming fiscal year. Survey to reveal important macroeconomic singlets, forecasts of growth and policy prescriptions, which may be taken into account while shaping the Budget 2025-26.
Presentation and Timing
It will be released in Parliament on January 31st as a prelude to the Budget Session. The session will be led by an opening address by the President Droupadi Murmu which will be followed by Finance Minister Nirmala Sitharaman discussing the survey in both Lok Sabha and Rajya Sabha.
Where to Watch
The presentation will be broadcasted live on the major social media sites and the Government channels including Sansad TV and PIB India‘. Viewers can tune in to follow the analysis of India’s economic performance and the government’s outlook for 2025-26.
Key Themes and Economic Projections
The Economic Survey to evaluate Gross Domestic Product (GDP) growth, inflation, fiscal policies, trade, employment trends, and sectoral performance. These types of surveys have traditionally centred on themes of economic bounce back, post-pandemic recovery and fiscal reforms.
Growth Trends
- India’s GDP grew by 5.4% in the July-September 2024 quarter, lower than the Reserve Bank of India’s (RBI) 7% forecast.
- The government expects a full-year growth rate of 6.4%, while the RBI has revised its projection to 6.6% (down from 7.2%).
- Slower growth is attributed to weak urban demand, inflation risks, and currency depreciation.
Union Budget 2025-26: What to Expect
After the Economic Survey, the Union Budget 2025-26 will be presented on February 1, 2025. This will be the first comprehensive Budget of the Modi 3.0 government and will likely see policy reforms in the area of taxation as well as in the areas of infrastructure and rural development.
Key Focus Areas
- Income Tax: Potential adjustments to tax slabs to provide relief to the middle class.
- Infrastructure Development: Increased allocation to roads, railways, and urban planning.
- Rural Growth & Agriculture: Focus on farmer welfare, irrigation projects, and rural employment schemes.
- Education & Healthcare: Boost in funding for schools, higher education, and medical facilities.
- Industrial & Digital Economy: Reforms to support manufacturing, digital transformation, and ease of doing business.
Legislative Agenda for Budget Session 2025
Besides budget discussions, the Parliament will cover major legislative aspects, such as:.
- Banking Laws (Amendment) Bill, 2024 – Reforming banking regulations.
- Railways (Amendment) Bill, 2024 Improving railway infrastructure and safety.
- Disaster Management (Amendment) Bill, 2024–Enhanced disaster response.
- Oilfield Regulations Industrial Safety Standards To improve energy and industrial safety.
- Maritime Laws Modernization – Updating shipping and trade policies.
Conclusion
The Economic Survey 2024-25 will provide the platform for Budget 2025-26, presenting an in-depth exposition of the economics of India’s trajectory. Under the influence of the slow down of GDP growth and inflation pressure, the government is going to focus especially on economic stability, employment, and social welfare in the next budget. The Budget Session 2025 will also focus on crucial reforms in banking, railways, and industrial safety, making it a significant event for India’s policy and economic landscape.
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