Gist of ECONOMIC SURVEY 2024-2025

GIST of Economic Survey 2024-25

The Economic Survey 2024-25 is a crucial document prepared by the Ministry of Finance, offering an in-depth analysis of the Indian economy's performance over the past year. It is compiled under the supervision of the Chief Economic Advisor (CEA), V. Anantha Nageswaran, and serves as a guiding framework for policy recommendations and economic projections for the upcoming fiscal year.

What is the Economic Survey?

The Economic Survey 2024-25 is released one day before the Union Budget and provides an assessment of key economic indicators, sectoral performance, and growth projections. It is an essential document that outlines India’s economic progress, challenges, and future outlook, offering a roadmap for policy decisions.

Objectives of the Economic Survey

• Review of the Economic Performance: Analyzes the GDP growth, inflation trends, agricultural and industrial output, employment levels, foreign exchange reserves, and fiscal policies.

• Sectoral Analysis: Covers the agriculture sector, manufacturing industry, services sector, infrastructure development, and foreign investment trends.

• Policy Recommendations: Suggests reforms to enhance economic growth, fiscal stability, and employment generation.

Why is the Economic Survey Important for UPSC Aspirants?

For UPSC aspirants, the Economic Survey 2024-25 is a valuable resource for General Studies Paper III (Economic Development). It provides important data and insights useful for both Prelims and Mains:

• Prelims: Helps in factual understanding, key trends, and growth projections.

• Mains: Provides analytical insights into India’s economic policies, fiscal strategies, and structural reforms.

Key Topics Covered in the Economic Survey 2024-25

1. GDP Growth Forecast – Projections for India’s economic expansion.

2. Inflation Trends – Insights into price stability and policy measures.

3. Sector-wise Performance – Analysis of agriculture, industry, services, and manufacturing.

4. Fiscal Deficit Trends – Impact on government spending and borrowing.

5. Employment and Labor Market – Assessment of job creation and workforce participation.

6. Foreign Investment and Trade – Impact of FDI and export-import trends.

7. Stock Market and Economic Stability – Link between financial markets and economic growth.

8. Infrastructure Development – Government initiatives in roads, railways, power, and urban planning.

9. Policy Reforms – Recommendations for economic sustainability and inclusive growth.

How to Use the Economic Survey for UPSC Preparation?

For Prelims:

• Memorize key statistics, facts, and government schemes.

• Focus on major economic trends and sectoral performances.

• Practice Prelims-based MCQs on economic indicators.

For Mains:

• Use data and statistics to substantiate answers.

• Develop an analytical approach using the survey’s insights.

• Answer practice Mains questions based on policy reforms and economic challenges.

Download Economic Survey 2024-25 PDF

Aspirants can download the Economic Survey 2024 PDF and Economic Survey 2025 PDF from the official Ministry of Finance website. This will help in gaining comprehensive insights into India’s economic progress.

Conclusion

The Economic Survey 2024-25 is an indispensable resource for understanding India’s economic landscape. Whether you are an UPSC aspirant, a policy enthusiast, or an economy analyst, this document provides deep insights into the nation’s fiscal and policy trajectory. Stay updated with our expert analysis on the Economic Survey sector-wise analysis, GDP growth forecast, fiscal deficit trends, and key policy reforms.

For more updates, download the Economic Survey 2024-25 PDF and follow our Economic Survey summary and analysis for in-depth coverage.