Economic Survey 2024-25 tabled: FY25 growth 6.4%, FY26 projected at 6.3–6.8%
The Economic Survey 2024-25, tabled in Parliament by Finance Minister Nirmala Sitharaman on 31 January 2025, estimated India's real GDP growth at 6.4% in FY25 and projected 6.3–6.8% for FY26.
Summary
The Economic Survey 2024-25 was tabled in Parliament by Union Finance Minister Nirmala Sitharaman on 31 January 2025. The Economic Survey estimated India's real GDP and GVA growth at 6.4% in FY25 (first advance estimates) and projected real GDP growth of 6.3–6.8% in FY26, calling for grassroots-level structural reforms and deregulation. According to the Survey, gross NPAs of scheduled commercial banks fell to a 12-year low of 2.6%, retail inflation softened from 5.4% in FY24 to 4.9% in April–December 2024, and forex reserves of USD 640.3 billion covered 10.9 months of imports. The Survey also proposed Ease of Doing Business 2.0 to create India's 'Mittelstand', meaning its SME sector.
Key facts
- Tabled
- 31 January 2025, by FM Nirmala Sitharaman
- FY25 real GDP growth
- 6.4% (first advance estimates)
- FY26 projection
- 6.3–6.8%
- Bank GNPA
- 2.6%, a 12-year low
- Retail inflation
- 5.4% (FY24) to 4.9% (Apr–Dec 2024)
- Forex reserves
- USD 640.3 billion, 10.9 months of imports
- SME focus
- Ease of Doing Business 2.0 for India's 'Mittelstand'
Practice MCQs 4 questions
What real GDP growth range did the Economic Survey 2024-25 project for FY26?
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Correct answer: B — 6.3–6.8%
PIB 2097919: the real GDP is projected to grow between 6.3 and 6.8 per cent in FY26; FY25 growth was estimated at 6.4%.
According to the Economic Survey 2024-25, the gross NPA ratio of scheduled commercial banks fell to a 12-year low of:
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Correct answer: A — 2.6%
PIB 2097919: GNPA of scheduled commercial banks declined to a 12-year low of 2.6 per cent.
The Economic Survey 2024-25 used the German term 'Mittelstand' to refer to which sector it wants to build up in India?
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Correct answer: A — Small and medium enterprises
PIB 2097919: the focus of reforms and Ease of Doing Business 2.0 is to create India's Mittelstand, i.e. India's SME sector.
Consider the following statements about the Economic Survey 2024-25: 1. It estimated FY25 real GDP growth at 6.4%. 2. It said forex reserves of USD 640.3 billion could cover 10.9 months of imports. 3. It reported retail inflation rising from 4.9% in FY24 to 5.4% in April–December 2024. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
PIB 2097919: FY25 growth was 6.4% and forex of USD 640.3 billion covered 10.9 months of imports; retail inflation softened from 5.4% in FY24 to 4.9% in April–December 2024, so statement 3 reverses the figures.