Economic Survey 2025: The Economic Survey is an important document for India as it provides a detailed analysis of the economic developments of the preceding year and the insights of the policy recommendation for the next fiscal year. It is generally released ahead of the Union Budget. This year the Economic Survey is released on January 31, 2025, maintaining the tradition of getting published one day before the Union Budget. The document released by the Indian Government is not only important for policymakers, economists, and researchers but also very important for candidates preparing for government exams such as SSC, UPSC, and other competitive exams. Continue reading this article to learn about the historical context of the Economic Survey and where to check the latest Economic Survey 2025.
Economic Survey 2025: Key Insights and Analysis
The economic survey is released by the finance minister. Addressing a joint sitting of the Parliament ahead of the Economic Survey presentation, the President of India, Smt. Droupadi Murmu, said, "The country's aviation sector is progressing rapidly with the airline companies placing orders of 1700 new aircraft. She also added that India is on track to become the third-largest economy. In the joint sitting, the President said that the "Credit Guarantee Scheme for MSMEs and e-commerce export hubs are encouraging business in all sectors in the country."
Keep reading here for the latest updates on the economic survey 2025. Click here to learn about the difference between an economic survey and a budget and what the three types of budgets are. Check here key highlights of economic survey
- Despite the global instability, the economy of India will remain stable between 6.3% and 6.8%
- As per the survey, the growth of the agriculture sector remains stronger, with every sector contributing to the growth, such as industrial sector
- The unemployment rate of the country remains declines to 3.2%.
- In the first nine months of the financial year 2025, the exports of the service sector grew by 11.6%.
- Improvement in RBI’s Financial Inclusion Index from 53.9 in March 2021 to 64.2 by March 2024
Click here to download Economic Survey Key Highlights 2025
What is the Economic Survey 2025?
The Economic Survey is the annual document that is prepared by the Department of Economic Affairs that comes under the Ministry of India. It provides a detailed analysis of the economic development of the country in the previous year and sets the stage for the next fiscal year. It is presented in the Parliament by the Finance Minister, highlighting the roadmap for economic policy and reforms of the next fiscal year. An economic survey is divided into two parts, one focusing on economic trends and challenges and the other on statistical analysis of various sectors. Check the details below:
Part A: It focuses on broader economic trends, challenges, and policy recommendations.
Part B: It provides a detailed statistical analysis of various sectors that include agriculture, industry, services, infrastructure, healthcare, and environmental concerns
Candidates preparing for the UPSC exam must read the Economic Survey, as it provides a detailed understanding of the Indian economy, which is backed by official data and analysis. It helps candidates build a prospective on economic issues.
Why is the Economic Survey Released Before the Budget?
The release of the Economic Survey a day before the Union Budget is a well-thought-out practice as it provides a data-driven foundation for the Budget, which further enhances transparency and provides the current situation of the economy, including growth trends, challenges, and opportunities. It also helps in highlighting the key issues such as inflation, fiscal deficit, unemployment, and sectoral performance.
By releasing it before the budget, the government signals its priorities and provides a rationale for the policies and schemes that will be announced in the budget. For example, if the survey highlights sluggish growth in the manufacturing sector, the budget may include incentives or reforms to boost industrial output.
For UPSC aspirants, understanding the linkage between the Economic Survey and the Budget is important, as it provides the government’s approach to economic policymaking and governance.
Who publishes the Economic Survey?
The Economic Survey is published by the Department of Economic Affairs, which works under the Ministry of Finance. The document is authored by a team of economists led by the Chief Economic Advisor (CEA). It is presented by the Finance Minister in the Parliament. The CEA plays an important role in shaping the content and recommendations of the survey, ensuring that it reflects the government's economic priorities and challenges.
Economic Survey 2025: Historical Context
The Economic Survey was first presented in the year 1950-51 as part of the Union Budget. From 1964, the economic survey is presented standalone before the release of the Union budget. The decision was made to present the economic survey before the budget as it deals with economic developments in the preceding year. Since then, the economic survey has been released in two parts, Part A and Part B. Part A contains a general review of developments in the preceding year as well as an assessment of future trends. Part B is a more detailed analysis of developments in different sectors of the economy. Check the table below to read the previous year's economic surveys.
Economic Survey Release Date and Time?
As per the traditions, the Economic Survey gets one day before the release of the Union Budget. The date of release of the economic survey is January 31. The timing of the release of the Economic Survey is very strategic, as it allows the economists, policymakers, and researchers and the general public to understand the state of the economy before the actual release of the Union Budget. The Economic Survey 2025 is also set to get released on January 31, 2025. Finance Minister Nirmala Sitharaman will present the economic survey in both the houses of Parliament, i.e., Rajya Sabha and Lok Sabha. The economic survey 2025 is first presented in Lok Sabha at 12:00 noon and after that at 2:00 pm in Rajya Sabha.
Where to Watch the Latest Economic Survey 2025?
The Economic Survey 2025 will be presented by Finance Minister Nirmala Sitharaman in the Parliament on January 31, 2025, one day before the release of Union Budget 2025. The presentation will be live streamed on Sanasad TV and the official X handle of the Finance Minister. After the release of the Economic Survey, the PDF can be downloaded from the official website of the India Budget.
As we are waiting for the release of the Economic Survey 2025, it is crucial to keep up with economic trends as well as understand the larger context in which the Economic Survey 2025 will be based. The Economic Survey continues to be an essential part of India's economic debate and a reflection of the nation's achievements and difficulties, regardless of whether one is an economist, policymaker, or UPSC candidate.
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