FM Sitharaman to Present Economic Survey 2024-25 Today
Finance Minister Nirmala Sitharaman will present the Economic Survey 2024-25 in Parliament today, one day before the Union Budget 2025. The document, prepared under the guidance of Chief Economic Adviser (CEA) V. Anantha Nageswaran in the Economic Division of the Department of Economic Affairs, provides a comprehensive analysis of India's economic performance over the last year, alongside directions for future policy guidelines. It acts as a significant tool for the understanding of macroeconomic trends, sectoral growth, and possible policy measures that can be undertaken to address emerging challenges.
The Economic Survey will be released between 12:00 PM and 1:00 PM, and the CEA will hold a media briefing at 2:30 PM, focusing on key findings and recommendations. This annual document discusses important issues like GDP growth, inflation, fiscal deficit, employment trends, and foreign exchange reserves. It also examines the performance of the different sectors of the economy: agriculture, manufacturing, and services, along with domestic and international economic factors affecting India's growth path.
Introduced in 1950-51 as part of the Budget documents, the Economic Survey was later separated in the 1960s and has since evolved into a vital resource for policymakers, economists, and investors. Beyond statistical data, the survey presents in-depth analysis of economic challenges and potential solutions, helping shape the government's financial and development strategies. It often includes thematic chapters addressing contemporary issues such as job creation, infrastructure expansion, financial sector reforms, and climate change mitigation.
This year's survey is likely to concentrate on the main issues such as the economic slowdown, inflationary pressures, rupee depreciation, and the effects of global uncertainties. It may also suggest ways to boost domestic consumption, attract private investments, and strengthen high-potential sectors to push economic recovery and long-term growth. The document will also delve into the international factors affecting India's economy, such as oil price fluctuations, trade relations, and currency volatility.
With the Union Budget to be presented on February 1, the Economic Survey will serve as a basis for financial planning and policy decisions. It is going to outline the road map to overcome structural challenges and sustain growth. The document, therefore, assumes great importance as a reference guide for both industry stakeholders and policymakers. At this juncture, with economic uncertainties plaguing the government, the insights of this report will be of immense value in charting out the fiscal and economic strategy for the coming year.
