आर्थिक सर्वेक्षण

भारत आर्थिक सर्वेक्षण 2025-26

Building Resilience in a Changing World

जीडीपी वृद्धि (वास्तविक)

6.5%

पूर्वानुमान: 6.0-6.5%

मुद्रास्फीति (सीपीआई)

4.5%

उपभोक्ता मूल्य सूचकांक

थोक मुद्रास्फीति (डब्ल्यूपीआई)

2.1%

थोक मूल्य सूचकांक

राजकोषीय घाटा

4.4% जीडीपी

केंद्रीय बजट (संशोधित अनुमान)

मुख्य विषय

Building Resilience in a Changing World

प्रमुख विशेषताएं

GDP growth at 6.5% in FY25, projected 6.0-6.5% for FY26
CPI inflation averaged 4.5% during FY25
Fiscal deficit reduced to 4.8% of GDP in FY25
Current account deficit at 1.0% of GDP
Record GST collections reflecting economic formalisation
Digital payments crossed 15 billion monthly transactions
Infrastructure capital expenditure at Rs 11.1 lakh crore
PLI schemes attracted Rs 1.2 lakh crore in investments
Renewable energy capacity addition accelerated to 25 GW
Urban unemployment rate declined to 5.8%

नीतिगत सिफारिशें

1 Maintain fiscal glide path to achieve 4.5% fiscal deficit by FY26
2 Enhance credit flow to MSMEs through guarantee mechanisms
3 Accelerate National Infrastructure Pipeline execution
4 Expand social security for gig and platform workers
5 Implement National Education Policy reforms comprehensively
6 Strengthen climate adaptation measures in agriculture
7 Promote exports through trade facilitation measures
8 Deepen financial markets and promote retail participation
9 Enhance urban governance and municipal finances
10 Invest in R&D and innovation ecosystem

सर्वेक्षण अनुमान बनाम बजट परिणाम

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

संकेतक	सर्वेक्षण अनुमान	वास्तविक बजट	विचलन
GDP Growth (%)	6.0-6.5	6.5 (assumed)	At upper end
Fiscal Deficit (% of GDP)	5.0	4.8	-0.2%
CPI Inflation (%)	4.5	4.5 (target)	On target
Revenue Receipts (Rs Lakh Cr)	31.5	33.0	+Rs 1.5 Lakh Cr

केंद्रीय बजट 2025-26 सारांश

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

कुल प्राप्तियां

34.06 लाख करोड़

कुल व्यय

49.65 लाख करोड़

राजकोषीय घाटा

15.59 लाख करोड़

राजस्व घाटा

5.8 लाख करोड़

केंद्रीय बजट 2025-26 विस्तार से देखें

विस्तृत विश्लेषण

The Economic Survey 2025-26 was presented in Parliament by the Finance Minister on January 31, 2025, ahead of the Union Budget. Prepared under the supervision of Chief Economic Adviser V. Anantha Nageswaran, the Survey provides a thorough review of economic developments during FY25 and the outlook for FY26. The Indian economy demonstrated remarkable resilience in FY25, achieving an estimated GDP growth rate of 6.5%, making India one of the fastest-growing major economies globally. The Survey notes that this growth was broad-based, with robust performance across agriculture, manufacturing, and services sectors. Inflation management remained a key policy focus, with CPI inflation averaging 4.5% during FY25. The Survey credits the RBI's calibrated monetary policy approach and government measures to manage food prices through strategic stock management and trade policy interventions. The fiscal consolidation story continued to strengthen with the fiscal deficit improving to 4.8% of GDP in FY25, ahead of the originally budgeted 5.1%. Record GST collections, improved tax administration, and expenditure rationalisation contributed to this outcome. The Survey dedicates a special chapter to India's infrastructure transformation, noting the significant impact of the National Infrastructure Pipeline and PM Gati Shakti initiatives. Capital expenditure reached Rs 11.1 lakh crore, a five-fold increase from FY20 levels. The external sector remained robust with the current account deficit contained at 1.0% of GDP. The Survey highlights the growing importance of services exports, which crossed $340 billion, and the positive impact of bilateral trade agreements. On the social front, the Survey notes significant progress in health outcomes, education access, and financial inclusion. The Ayushman Bharat scheme covered 34 crore beneficiaries, while PM Jan Dhan accounts reached 52 crore. The Survey recommends a multi-pronged strategy for FY26 focusing on fiscal consolidation, infrastructure development, manufacturing growth through PLI schemes, agricultural modernisation, and climate change mitigation. It emphasises the need for continued structural reforms to sustain India's growth trajectory. Looking ahead, the Survey projects GDP growth of 6.0-6.5% for FY26, while cautioning about global risks including geopolitical tensions, volatile commodity prices, and potential financial market turbulence.

स्रोत: आधिकारिक आर्थिक सर्वेक्षण दस्तावेज़

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आर्थिक सर्वेक्षण के बाद बजट आता है

आर्थिक सर्वेक्षण अगले दिन प्रस्तुत होने वाले केंद्रीय बजट के लिए संदर्भ निर्धारित करता है

केंद्रीय बजट 2025-26 देखें →