Economic Survey 2025 Highlights: Economic Survey bets on growth and consumption! Fiscal Deficit, forex reserves improve

Finance Minister Nirmala Sitharaman tables Economic Survey in Parliament. House adjourned till 11 am tomorrow

LS Speaker condoles death of pilgrims at Mahakumbh in Prayagraj.

Budget Session reconvenes. Parliament pays tribute to Late PM Manmohan Singh

Prime Minister Narendra Modi, in his third term’s first full budget, is likely to provide policy boost where high prices and tepid wage growth have crimped spending power in a blow to consumption.

Economists expect policy changes aimed at strengthening consumption and tariff cuts to encourage local manufacturing as ways to boost growth.

The Economic Survey due in a few hours is likely to project GDP growth of 6.3-6.8% in FY26, according to two sources familiar with the matter.

The forecast suggests economic conditions will remain sluggish next year, as per Reuters and PTI report. Growth is expected to slip to 6.4% in the current financial year – the slowest in four years – from 8.2% last year.

My government has taken historic steps to protect country’s borders and ensure internal security: President Murmu

PM Modi says focus on inclusive development, indicates potential discussion of major bills at the Budget Session.

Adds that he “hopes to take important measures, reforms in Budget Session.”

Read Details: Modi’s big hint for middle class ahead of Budget, ‘May Goddess Lakshmi…’

U-WIN portal has been launched to keep accurate track of vaccination schedule for pregnant women and children: President Murmu.

India‘s metro network has now crossed the 1,000-km milestone: President Murmu

All eyes on the economic Survey. It is likely to project a GDP growth around 6.3-6.8% for FY26. President Murmu highlights the key steps being taken to push development in achieving the Viksit Bharat Goal.

President Murmu says big focus on making India self reliant in medicines and medical devices.

President Murmu says The big jump in road infrastructure to bring all round development. World’s 1st rail cable bridge built in J&K.

Droupadi Murmu says India to be innovation Hub, highlights benefits of Unified Pension Scheme for Central Govt Employees. Points out how Policies helping small businesses to move ahead

President reiterates focus on greater focus on research, says focus on making India a global innovation hub.

President congratulates Govt for coming out of Policy Paralysis.

President says “My government believes in women-led development in the country…The government aims to have 3 crore ‘Lakhpati didi’

President congratulates ISRO on 100th Mission, big focus on students by Govt, youth to be given internship opportunities.

President Droupadi Murmu says, “My government has started ‘Dharti Aaba Janjatiya Gram Utkarsh Abhiyan’ for 5 crore people of the tribal society.

President Murmu says 25 crore people taken out of extreme poverty, transparency in all Govt schemes, Govt keeping interest of middle class in mind.

Economic Survey 2024-25: Press Conference by the Chief Economic Advisor, Dr V Anantha Nageswaran at 2 pm today

President Droupadi Murmu says govt fast tracking ONOP, Waqf reforms. India to be the third largest economy.

President Droupadi Murmu has arrived at the Parliament to address both houses from the Lok Sabha Chamber.

President Droupadi Murmu arrives in Parliament, Budget session begins. First full Budget session of the Modi 3.0 Government after it was sworn to power in June, 2024.

PM Narendra Modi said, “I pray that Maa Lakshmi continues to bless the poor and middle class of our country. It is a matter of great pride that India completed 75 years as a democratic nation. India has established itself well on the global pedestal. This is the first complete Budget of my third term. I can confidently say that in 2047, when India will complete 100 years of Independence, India will fulfill its aim of Viksit Bharat, and this Budget will give new energy and hope to the nation.”

The central government has spent over Rs 54 lakh crore on capital expenditure in the past 11 years, per a report by Systematix Institutional Equities. This includes the budgeted allocation of Rs 11.11 lakh crore for FY25. However, despite this spending, there are concerns over weak private investment and unemployment. Private investment has not picked up despite the government’s heavy spending on infrastructure.

As the government prepares for Budget 2025, the report highlighted the challenge of balancing fiscal discipline with the need to stimulate private investment. While the government has adhered to its fiscal deficit reduction plan, the lack of a strong response from private investors and worsening employment conditions raise concerns about India‘s long-term economic prospects, it said.

Ahead of the Economic Survey, Prime Minister Narendra Modi said, “I can say with confidence this Budget session will infuse new confidence, energy in attaining our goal of ‘Viksit Bharat’. With the Parliament’s Budget Session all set to commence, PM Modi said that innovation, inclusion, and investment are the basis of our roadmap for economic activities.

Ahead of the Economic Survey, the gold rate in Delhi surged to a new high of Rs 81,120 on January 31, as per India Bullions data. Gold prices have risen 2.2% compared to ten days back while Silver prices went up by 0.78% during the same time frame.

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The Parliament’s Budget session for this year will commence today with President Droupadi Murmu addressing both Lok Sabha and Rajya Sabha. After the President’s address at 11 am, Finance Minister Nirmala Sitharaman will table the Economic Survey in the Lok Sabha and the Rajya Sabha separately. Later on Saturday, FM Sitharaman will present the Union Budget.

On Friday, the Rupee slipped to an all-time low with the threat of US trade tariffs under President Donald Trump that weighed on most Asian currencies. The rupee dipped to 86.65 per dollar, eclipsing its previous record low of 86.6475 hit earlier in the month, Reuters stated. The dollar index was higher at 108.2 while most Asian currencies declined.

Ahead of the Economic Survey, industry leaders and stakeholders are expressing their key expectations around the Budget. Vaishali Nigam Sinha, Co-founder and Chair-Sustainability, ReNew, said, “India‘s 2025 Budget presents an opportunity to drive transformative change through investments in green skilling and gender equality. These areas are pivotal to building a resilient and inclusive future. Empowering women in renewable energy, where they currently comprise just 14% of the workforce, is not only a matter of equity but also an economic necessity. Focused funding for green skilling will ensure India’s workforce is prepared for the clean energy transition. By prioritizing gender-responsive budgeting, we can create a sustainable future that empowers women to lead in renewable energy and STEM fields.”

While the finance minister all set to table the Economic Survey today, Naushad Forbes, co-chairman, Forbes Marshall and former president of the Confederation of Indian Industry (CII), said that its author, the chief economic advisors (CEAs), have increasingly been using the document to explore new economic ideas.

“It is an economic survey at the end of the day. How much of it turns into reality and policy on the ground is a political decision. We have a fine CEA at present and hopefully we will see an economic survey that is consistent with what we need as a country,” said Forbes, in an interaction with FinancialExpress.com.

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