FM Sitharaman tables Economic Survey 2024-25 in Parliament

By  News On Air   Jan 31, 2025

India’s real GDP is estimated to grow by 6.4 per cent in the financial year 2025. This was projected in the Economic Survey presented by the Union Finance Minister Nirmala Sitharaman in both the Houses of Parliament today.

The Economic Survey stated that the country has displayed steady economic growth supported by the agriculture and services sector. It mentioned that rural demand is improving on the back of record Kharif production and favourable agricultural conditions. The survey highlights that the manufacturing sector faced pressures due to weak global demand and domestic seasonal conditions. Private consumption remained stable, reflecting steady domestic demand. The survey mentioned that fiscal discipline and strong external balance supported by a services trade surplus and healthy remittance growth contributed to macroeconomic stability.

The Survey highlights that the country’s GDP at constant (2011-12) prices grew by 6.7 per cent in Quarter 1 and 5.4 per cent in the financial year of 2025. This implied a real GDP growth of 6 per cent in the first half of the current fiscal.