Economic Survey 2024-25 Highlights
Economic Survey 2024-25 Highlights - February 11, 2025 Chapter 1: State of the Economy. Growth & Global Trends: India's GDP & GVA to grow 6.4% in FY25 and 6.3-6.8% in FY26, while global growth stood at 3.3% in 2023, with the IMF projecting 3.2% ahead. Economic Drivers & Reforms: Inflation at 4.9%, CAPEX up 8.2% YoY post-elections, 7th in global services exports, 9.1% export growth, and structural reforms boosting competitiveness & long-term growth Chapter 2: Monetary and Financial Sector Banking & Credit Growth: Bank credit has increased in FY25, mainly to the commercial sector. SCB profitability is up, with a decline in GNPAs, while financial inclusion has improved, driven by rural financial institutions. Markets & Regulation: The capital market performed well in FY25, and with rising digitization, there is a growing need for stronger regulations. Chapter 3: External Sector Trade & Current Account: Merchandise ...