Wed Jan 15 08:19:12 UTC 2025: ## India’s Economic Survey 2024-25 to Precede Union Budget 2025
**New Delhi, [Date of Publication]** – India’s upcoming Union Budget 2025 will be informed by the crucial Economic Survey 2024-25, set for release on January 31st. Prepared by the Economic Division of the Department of Economic Affairs under the guidance of Chief Economic Advisor V Anantha Nageswaran, the survey provides a comprehensive analysis of India’s economic performance and sets the stage for the government’s fiscal strategy.
The two-volume report offers a detailed overview of the past financial year, including GDP growth, inflation, and the fiscal deficit. It also analyzes key sectors – agriculture, industry, and services – identifying both challenges and opportunities for growth. Part A focuses on macroeconomic indicators and fiscal trends, while Part B addresses socio-economic issues like poverty, education, and climate change. The survey further projects key economic indicators for the coming year.
The Economic Survey plays a vital role in shaping the Union Budget. Its insights help policymakers determine realistic revenue and expenditure targets, prioritize sectors needing intervention, and address pressing economic issues such as unemployment and inflation. Furthermore, it provides a fiscal roadmap, aligning India’s policies with global economic trends and managing public and market expectations before the budget announcement. In essence, the Economic Survey serves as a blueprint ensuring the budget reflects the nation’s economic realities and aspirations.
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