GDP growth rate between Economic Survey 2025: 6.3% – 6.8%; Financial survey shows

Economic Survey 2025: The Central Government launched a financial survey in Parliament on Friday. The survey estimates that the Indian GDP is between 6.3–6.8 %. The 2025 survey came in six months compared to the 2022-23 survey presented on July 22, 2024 after the general election.

The main attraction of 2025 Economic Survey

The 10 highlights of the 2025 Economic Survey are as follows

• Despite the global uncertainty, in the financial year of 2024–25 (according to the first pre-assessment of national income), India’s actual GDP growth is close to 6.4% decade, according to the survey. As a result, the survey estimates that the real gross price attachment (GVA) will increase by 6.4 percent in the financial year 2025.
• The Economic Survey Document states that all areas will contribute to development. The agriculture sector is strong and is continuously working beyond the level of trend. The industrial area is also on the route of epidemic. In recent years, strong growth rate services have been brought closer to its trend level.
• Inflation is coming under control. In the financial year 2023-24, retail inflation declined from 5.4 % to 4.9 % in April-December. Despite the challenges, there are positive signs of inflation in India. The Reserve Bank of India and International Monetary Fund (IMF) estimate that inflation of Indian consumer prices will be 4 percent in the financial year 2026.
• The banking and insurance sector is stable. Commercial banks have reported a steady decline in their gross NGO (GNPA) ratio “from the end of September 2024 to 2.6 % in FY 2018.
• In addition, the loan-GDP difference in the first quarter of 2024–25 also declined from -10.3 % to 0.3 %, indicating that the recent increase in bank loans is stable.
• In 2023-24, the insurance premium increased by 7.7 percent to Rs 11.2 lakh crore, with a total pension customers by 16 percent by September 2024.
• In the current financial year, agricultural credit increase in November 29, 2024 was 5.1 %. At the same time, by the end of November 2024, the increase of industrial loans was 4.4%, which was more than 3.2% year ago.
• Bank loans for micro, small and medium enterprises (MSME) in industries are growing faster than loan disbursement to larger companies. By the end of November 2024, the loan for MSMEs was 13% per annum compared to 6.1% for larger companies.
• In the current financial year, until the end of November 2024, debt hike in services and individual loan departments was up to 5.9 percent and 8.8 percent respectively. This is due to the recession of debt for NBF seats in the service sector.
• The recession in vehicle and domestic loans has increased in the individual loan section. RBI procedural intervention in increased risk loads for NBF seal and credit cards has helped to slow down credit growth in those departments.

What is an affordable survey?

This affordable survey is a document that gives a detailed analysis of certain areas of the country’s economy. It is divided into two parts. Part-e-financial performance is estimated. Financial trends and gross financial indicators were highlighted. Analysis analyzes socio-economic problems such as part bee-education, poverty and climate change. In addition, GDP represents expectations on major issues such as development, inflation and trade. What is more, problems faced by the country- methods of getting out of them and improvement are also in financial survey. This Economic Survey is designed by the Department of Economic Affairs, headed by the Chief Financial Advisor. It will be introduced in Parliament a day before the budget.

Budget 2025 on Saturday ..

Union Finance Minister Nirmala Sitarman will launch Budget 2025 on Saturday. This budget has great expectations from common man to businessmen.