Economic Survey 2024-25 Highlights: Economic Survey flags China risk, says India needs to go ‘all out to attract domestic, foreign investments’

Authored by the Chief Economic Advisor V Anantha Nageswaran and his squad of officials, the Survey said: “India faces limitations successful producing captious goods astatine the standard and prime required to service the infrastructure and concern needs of an aspiring economy… (For instance) Several star instrumentality manufacturers successful the state importantly beryllium connected Chinese proviso chains and related services.”

This “single-source attraction risk” successful aggregate areas exposes India to “potential proviso concatenation disruptions, terms fluctuations, and currency risks”.

India FY26 GDP growth

Quoting the archetypal beforehand estimates (FAE) released by MoSPI, the Survey said the existent GVA maturation for FY25 is estimated to beryllium 6.4 per cent. Growth successful the archetypal fractional of the existent fiscal twelvemonth was “supported by agriculture and services, with agrarian request improving connected the backmost of grounds Kharif accumulation and favourable cultivation conditions,” it said.

Finance Minister Nirmala Sitharaman connected Friday tabled the Economic Survey 2024-25 successful Parliament.

For the adjacent fiscal year, the Survey projects India’s system to grow betwixt 6.3 and 6.8 per cent. “The fundamentals of the home system stay robust, with a beardown outer account, calibrated fiscal consolidation and unchangeable backstage consumption. On equilibrium of these considerations, we expect that the maturation successful FY26 would beryllium betwixt 6.3 and 6.8 per cent,” the survey papers says.

After the Survey was tabled, the 30-share benchmark Sensex was trading astir a per cent higher successful intraday commercialized astatine 77,501.55.

Health of banks
Gross non-performing assets (NPAs) successful the banking strategy person declined to a 12-year debased of 2.6 per cent of gross loans and advances, the Survey said, citing the Reserve Bank of India’s Financial Stability Report (FSR), December 2024.

Construction
Another cardinal indicator of the robustness of economy, operation has been a standout, gaining momentum since mid-FY21 and soaring astir 15 per cent supra its pre-pandemic trend—an awesome feat

Workplace
In a medicine to India Inc amid reports of worker injuries owed to inadequate information nets, the Survey says that ensuring a harmless and satisfactory workplace is successful the “enlightened self-interest” of companies and cardinal to semipermanent worker morale and productivity. “Ethical behaviour and fairness successful concern are the signs and bedrock of a mature and developed society. Treating workers humanely and, providing for their information and looking aft them erstwhile injured marque arsenic overmuch concern consciousness arsenic it is the just and ethical happening to do”.