Sat Feb 01 06:12:13 UTC 2025: ## India’s Economic Survey 2024-25 Predicts 6.6% Growth

**New Delhi, January 31, 2025** – Finance Minister Nirmala Sitharaman today presented the Economic Survey 2024-25 in Parliament, painting a picture of continued, albeit slightly moderated, economic growth for India. The survey, presented a day before the Union Budget, projects India’s real GDP growth at 6.6% for the fiscal year 2025, driven primarily by robust private consumption and investment. This figure is slightly lower than the earlier projected 7% growth rate for the year.

Despite global uncertainties, the survey highlights India’s continued strong performance, aligning with the United Nations’ assessment of South Asia’s robust economic growth, with India as a key contributor. The survey forecasts a GDP growth rate between 6.3% and 6.8% for FY26.

Positive indicators highlighted in the survey include steady growth in bank credit, improved profitability of scheduled commercial banks, and significant progress in financial inclusion. While global inflation has decreased, aided by policy measures, India’s retail inflation also saw a reduction in FY25. However, food inflation remains a concern due to supply chain issues and adverse weather. The survey emphasizes the need for improved price monitoring and climate-resilient agricultural practices to ensure long-term price stability.

Capital expenditure also showed positive growth, recording an 8.2% increase between July and November 2024. Despite the generally positive outlook, the survey acknowledges geopolitical risks as a potential threat to the global and Indian economy.

The Economic Survey 2024-25 provides a comprehensive analysis of India’s economic performance across various sectors, offering valuable insights into the government’s economic policies and strategies for the coming year. The full document is available for download.

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