*Economic Survey* The Economic Survey presented, provides a comprehensive overview of India’s economic performance and projections for the upcoming year. The survey outlines key trends across various sectors, such as agriculture, industry, and services, highlighting the country’s growth trajectory and future challenges. *Salient features:* GDP Growth Forecast: India's economy is projected to expand between 6.3% and 6.8% in FY26, indicating a steady growth trend. Current GDP Performance: The country's real GDP for FY25 is expected to grow at 6.4%, aligning closely with the past decade’s average. GVA Growth: India's real Gross Value Added (GVA) is anticipated to increase by 6.4% in FY25, reflecting strong economic momentum. Infrastructure Investment: Capital expenditure (Capex) rose by 8.2% between July and November 2024 and is projected to accelerate further. Inflation Trends: Retail inflation declined to 4.9% between April and December 2024, aided by government policies and price stability. Future Inflation Outlook: Consumer price inflation is expected to stabilize around 4% in FY26, aligning with the Reserve Bank of India's target. Export Growth: India's total exports registered a 6% year-on-year increase from April to December 2024. Rise in Service Exports: The service sector's export growth surged to 12.8% in FY25 (April–November), up significantly from 5.7% in FY24. Foreign Investment: Foreign Direct Investment (FDI) inflows rose to $55.6 billion in the first eight months of FY25, up from $47.2 billion in FY24, marking a 17.9% year-on-year growth. Forex Reserves: By December 2024, India's foreign exchange reserves reached $640.3 billion, sufficient to cover 10.9 months of imports and nearly 90% of external debt. Growth in Renewable Energy: Capacity addition in solar and wind energy rose by 15.8% year-on-year as of December 2024. Stock Market Performance: The BSE stock market capitalization-to-GDP ratio climbed to 136% in December 2024, surpassing China (65%) and Brazil (37%). Economic Reforms: The Economic Survey underscores the need for deregulation to support and sustain long-term economic growth. Long-Term Infrastructure Spending: A continuous push for infrastructure investment over the next 20 years is necessary to maintain rapid economic expansion. Support for Small Businesses: The government introduced the ₹50,000 crore Self-Reliant India Fund to provide equity funding for MSMEs. Agriculture Sector Growth: The agriculture industry is expected to expand by 3.8% in FY25, maintaining its upward trajectory. Kharif Crop Production: The total foodgrain output for 2024 is projected at 1,647.05 lakh metric tons (LMT), reflecting an increase of 89.37 LMT compared to the previous year. Key Drivers of Agricultural Growth: Horticulture, livestock, and fisheries are playing a crucial role in the sector's expansion. Industrial Sector Growth: The industrial sector is anticipated to grow by 6.2% in FY25, highlighting a solid recovery. Social Sector Spending: Government expenditure on social services recorded an annual growth rate of 15% between FY21 and FY25. Healthcare Investments: Public health spending increased from 29% to 48%, while out-of-pocket medical expenses for individuals declined from 62.6% to 39.4% between FY15 and FY22. AI Regulation and Ethical Concerns: Collaboration between the government, private sector, and academia is essential to mitigate the potential negative societal impacts of Artificial Intelligence (AI).