Testbook Current Affairs
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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