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February 1, 2025 at 03:49 PM
🔆 Economic Survey 2024-25: Challenges & Recommendations
📍 Key Concerns
✅ India’s economic growth is faltering after four years of post-pandemic recovery.
✅ Stock markets are tumbling, the rupee is losing ground, and domestic demand & public sector investments are sputtering.
✅ Global uncertainties, US trade policies, and retreating globalization add to economic instability.
📍 Survey’s Predictions & Warnings
✅ GDP growth for 2025-26 projected at 6.3%-6.8%, but risks persist.
✅ India needs at least 8% growth to achieve the 2047 developed nation goal.
✅ A ‘business as usual’ approach could lead to stagnation, demanding urgent policy shifts.
📍 Policy Recommendations
✅ The government should minimize unnecessary regulations to ease business operations.
✅ Trust deficit between authorities and citizens must be bridged.
✅ Instead of 1970s-style economic controls, the focus should be on empowering small businesses, enhancing competition, and ensuring a level-playing field.
📍 Final Takeaway
✅ Economic policies must shift towards deregulation, transparency, and competitiveness to sustain long-term growth and stability.
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