Economic Survey 2024-25: Overview, Growth, And Economic

The Economic Survey 2024-25 provides a detailed assessment of India’s economic performance, challenges, and future prospects. The survey, released before the Union Budget, acts as a crucial policy document guiding economic planning and reforms. It presents insights into GDP growth, inflation trends, sectoral performance, fiscal discipline, and structural reforms necessary to sustain long-term economic progress.

Global Economic Survey 2024-25 Scenario

The world economy in 2024 experienced moderate growth, with the International Monetary Fund (IMF) estimating global GDP growth at 3.2% for 2024 and 3.3% for 2025. Key global concerns included rising geopolitical tensions, fluctuating commodity prices, and supply chain disruptions. Despite these challenges, India’s real GDP is estimated to grow at 6.4% in FY25, supported by strong domestic demand and a resilient services sector.

Economic Survey 2024-2025 PDF

India’s Economic Performance

1. GDP Growth and Macroeconomic Stability

India’s real GDP is expected to grow by 6.4% in FY25, driven by the services sector and strong rural demand.
Private consumption remained stable, reflecting steady domestic demand.
Fiscal discipline and strong external balances, supported by a services trade surplus and healthy remittance growth, ensured macroeconomic stability.

Enroll now for UPSC Online Course

2. Sectoral Performance

Sector	Growth/Impact
Agriculture	Record Kharif production improved rural demand and supported economic growth.
Manufacturing	Faced pressure due to weak global demand and domestic seasonal challenges.
Services	Continued to be the primary driver of economic growth, benefiting from digitalization and financial services.

3. Inflation and Fiscal Measures

Inflation showed signs of moderation, supported by stable food prices and monetary policies.
The government’s focus on structural reforms and deregulation aims to enhance India’s global competitiveness and boost medium-term growth.

4. Investment and Employment Trends

Capital investment witnessed fluctuations due to global economic uncertainties and political transitions.
Private sector investments remain key, with improvements in corporate earnings and wage growth essential for sustained economic expansion.
Employment indicators showed growth in rural employment, particularly in agriculture and allied sectors.

Key Highlights of the Economic Survey 2024-25

The Economic Survey 2024-25 paints a picture of steady economic growth despite global uncertainties. With strong domestic demand, fiscal prudence, and digital transformation, India is well-positioned for sustained economic expansion. However, structural reforms and policy measures will be crucial in navigating global uncertainties and boosting long-term growth prospects.

GDP Growth: Expected at 6.4% in FY25, with strong rural consumption playing a crucial role.
Inflation Management: Food inflation is likely to ease due to better agricultural output and improved supply chain mechanisms.
Investment Trends: Government policies aimed at enhancing ease of doing business to boost private investments.
Digital & Financial Growth: Expansion of UPI, fintech, and digital lending strengthened financial inclusion.
Infrastructure & Sustainability: Increased capital expenditure in infrastructure projects to boost employment and long-term growth.
Trade & Exports: India’s trade balance benefited from services exports and strong remittance inflows.
Policy Focus: Deregulation and ease of compliance for MSMEs and startups to accelerate entrepreneurship.

Check Out UPSC CSE Books From PW Store

Challenges and Future Outlook

Potential Headwinds

Geopolitical Uncertainties: Ongoing global conflicts and trade tensions could impact India’s export markets.
Commodity Price Shocks: Any significant rise in crude oil or essential commodities could impact fiscal discipline.
Private Sector Investments: Ensuring a smooth transition of capital order books into sustained investments remains a challenge.

Opportunities for Growth

Structural Reforms: Grassroots-level deregulation and ease of doing business to boost entrepreneurship.
Digital Transformation: Leveraging AI, blockchain, and fintech for governance and economic growth.
Infrastructure Investments: Higher government spending on transport, energy, and housing will drive employment and economic activity.

Ready to boost your UPSC 2025 preparation? Join PW’s UPSC online courses today!

DOWNLOAD PDF

Economic Survey 2024-25 FAQs

The Economic Survey estimates India’s GDP growth at 6.4% for FY25, supported by strong rural demand and a resilient services sector.

Food inflation is likely to ease, thanks to record Kharif production, improved supply chains, and stable global commodity prices.

Key challenges include geopolitical tensions, global trade uncertainties, and private sector investment fluctuations.

The services sector remains the biggest contributor to GDP growth, especially in areas like IT, digital finance, and logistics.

The government is focusing on deregulation, investment in infrastructure, digitalization, and ease of doing business reforms to drive sustainable growth.

Recommended For You

May 16, 2025

Mon	Tue	Wed	Thu	Fri	Sat	Sun
			1	2	3	4
5	6	7	8	9	10	11
12	13	14	15	16	17	18
19	20	21	22	23	24	25
26	27	28	29	30	31

Online Courses

GS Foundation

Crash Course

Combo (GS+Optional)

Optional Courses

Degree Program

Test Series

Offline Centres

Karolbagh

Mukherjee Nagar

Patna

Lucknow

Prayagraj

Indore

Jaipur

Online Courses

Offline Centres

GS Foundation

Crash Course

Combo (GS+Optional)

Optional Courses

Degree Program

Test Series

Karolbagh

Mukherjee Nagar

Patna

Lucknow

Prayagraj

Indore

Jaipur

Prelims Wallah (Q&A Bank)

Udaan

Udaan 500+

Budget & Economic Survey

Monthly Current Wallah

Weekly Current Wallah

Editorial Summary

Editorial Q&A Compilation

NCERT Wallah

Prahaar (Mains Wallah)

Marks Booster

Mains Wallah (Q&A Bank)

Prelims PYQs

Mains PYQs

Optional PYQs

Comprehensive Notes

Udaan Notes

NCERT Notes

Daily Current Affairs

Subject Wise Current Affairs

Editorial Analysis

Daily Prelims Practice

Daily Mains Practice

Blogs

Toppers Copies

Economic Survey 2024-25: Overview, Growth, and Economic

Global Economic Survey 2024-25 Scenario

India’s Economic Performance

1. GDP Growth and Macroeconomic Stability

2. Sectoral Performance

3. Inflation and Fiscal Measures

4. Investment and Employment Trends

Key Highlights of the Economic Survey 2024-25

Challenges and Future Outlook

Potential Headwinds

Opportunities for Growth

Economic Survey 2024-25 FAQs

What is the projected GDP growth for India in FY25?

How is inflation expected to trend in FY25?

What are the major challenges for India’s economic growth?

What role does the services sector play in India’s economy?

How is the government supporting economic growth?

Recommended For You

Live Blog

Recent posts

Archive Calendar

by month

Follow Us

Need help preparing for UPSC or State PSCs?

Aiming for UPSC? Beg|

Aiming for UPSC?
Beg|

Aiming for UPSC?
Be|