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आर्थिक सर्वेक्षण

भारत आर्थिक सर्वेक्षण 2024-25

Amrit Kaal: Sustaining Growth Momentum

मुख्य आर्थिक सलाहकार: V. Anantha Nageswaran
प्रस्तुत: 22 जुल॰ 2024

जीडीपी वृद्धि (वास्तविक)

7.2%

पूर्वानुमान: 6.5-7.0%

मुद्रास्फीति (सीपीआई)

5.4%

उपभोक्ता मूल्य सूचकांक

थोक मुद्रास्फीति (डब्ल्यूपीआई)

-0.7%

थोक मूल्य सूचकांक

राजकोषीय घाटा

4.8% जीडीपी

केंद्रीय बजट (संशोधित अनुमान)

मुख्य विषय

Amrit Kaal: Sustaining Growth Momentum

प्रमुख विशेषताएं

  • GDP growth of 7.2% in FY24, among highest globally
  • CPI inflation moderated to 5.4% from 6.7% in FY23
  • Fiscal deficit reduced to 5.6% of GDP
  • Current account deficit narrowed to 0.7% of GDP
  • Foreign exchange reserves at $655 billion
  • PLI schemes driving manufacturing renaissance
  • UPI transactions crossed 13 billion per month
  • Capex increased by 28.2% over FY23
  • Agriculture grew at 1.4% despite erratic monsoon
  • Services sector growth robust at 7.6%

नीतिगत सिफारिशें

  • 1 Pursue fiscal deficit target of 5.1% for FY25
  • 2 Boost private investment through regulatory simplification
  • 3 Scale up skilling initiatives for demographic dividend
  • 4 Strengthen agricultural value chains and reduce wastage
  • 5 Accelerate energy transition while ensuring energy security
  • 6 Enhance social protection coverage and targeting
  • 7 Promote innovation through R&D incentives
  • 8 Deepen capital markets for long-term financing
  • 9 Strengthen disaster resilience and climate adaptation
  • 10 Continue trade diversification and FTA negotiations

सर्वेक्षण अनुमान बनाम बजट परिणाम

आर्थिक सर्वेक्षण की भविष्यवाणियों और वास्तविक केंद्रीय बजट आवंटन के बीच तुलना

संकेतकसर्वेक्षण अनुमानवास्तविक बजटविचलन
GDP Growth (%)6.5-7.07.2 (actual)Above range
Fiscal Deficit (% of GDP)5.35.1-0.2%
CPI Inflation (%)5.15.4 (actual)+0.3%
Capex (Rs Lakh Cr)10.011.1+Rs 1.1 Lakh Cr

केंद्रीय बजट 2024-25 सारांश

आर्थिक सर्वेक्षण के साथ पढ़ने के लिए संबंधित बजट डेटा संशोधित अनुमान

कुल प्राप्तियां

32.39 लाख करोड़

कुल व्यय

46.33 लाख करोड़

राजकोषीय घाटा

13.94 लाख करोड़

राजस्व घाटा

4.63 लाख करोड़

केंद्रीय बजट 2024-25 विस्तार से देखें

विस्तृत विश्लेषण

The Economic Survey 2024-25 was tabled in Parliament on July 22, 2024, ahead of the full Union Budget for FY25. The Survey, authored under the guidance of Chief Economic Adviser V. Anantha Nageswaran, provides a detailed assessment of the Indian economy's performance in FY24 and the prospects for FY25. The headline story of the Survey is India's strong GDP growth of 7.2% in FY24, marking the third consecutive year of growth above 7%. This achievement is particularly noteworthy given the challenging global environment characterised by geopolitical conflicts, supply chain disruptions, and tight monetary conditions globally. The Survey attributes this robust performance to multiple factors: strong government capital expenditure which grew by 28.2% over FY23, a revival in private consumption, improving corporate balance sheets, and a resilient services sector that grew at 7.6%. On the inflation front, the Survey highlights the significant moderation in CPI inflation from 6.7% in FY23 to 5.4% in FY24. The RBI's proactive monetary policy, combined with government supply-side interventions including open market operations in pulses and cereals, helped manage price pressures effectively. The external sector chapter presents an optimistic picture with the current account deficit narrowing to 0.7% of GDP, supported by robust services exports and remittance inflows. Foreign exchange reserves reached $655 billion, providing comfortable import cover. The Survey devotes considerable attention to the transformation of India's digital economy. UPI transactions crossing 13 billion per month represent a paradigm shift in financial inclusion and the formalisation of the economy. The Aadhaar-based Direct Benefit Transfer system has saved over Rs 3.5 lakh crore through leakage prevention. The PLI schemes receive detailed analysis, with the Survey noting their role in attracting investment across 14 sectors. Mobile phone manufacturing has emerged as a major success story, with India becoming the world's second-largest manufacturer. On the employment front, the Survey notes improvements in labour market indicators, with the unemployment rate declining and the labour force participation rate increasing. However, it emphasises the need for continued focus on quality job creation, particularly in the manufacturing sector. The Survey recommends a growth strategy centered on four pillars: fiscal prudence with quality expenditure, investment-led growth, manufacturing scale-up, and inclusive development. It projects GDP growth of 6.5-7.0% for FY25, contingent on normal monsoons and a stable global environment.

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