
Testbook Current Affairs
February 1, 2025 at 05:48 AM
_*Economic Survey 2025*_
*Why in News?*
The Economic Survey 2025 was released on January 31, 2025, providing an analysis of India's economic performance for FY 2024-25 and policy recommendations for FY 2025-26.
*Prepared by* :
* Department of Economic Affairs (DEA), Ministry of Finance.
*Structure* :
* Part A: Economic trends, key challenges, and policy insights.
* Part B: Sector-wise statistical analysis (agriculture, industry, services, infrastructure, healthcare, and environment).
*Key Highlights:*
* GDP Growth: 6.4% for FY25, projected 6.3%-6.8% for FY26.
* Inflation: Declined from 5.4% to 4.9% (Apr-Dec 2024), CPI expected to stabilize at 4% in FY26.
* Banking & Finance: Gross NPAs at record low 2.6%, FDI grew 17.9% to $55.6 billion.
* Exports: Grew 6% YoY in first nine months of FY25.
* Industrial Growth: 6.2% in FY25, steel production up 4.6%, auto sales increased 12.5%.
* Services Sector: 55.3% of GVA, up from 50.6% in FY14.
* Agriculture: Contributes 16% to GDP (FY24).
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