Ahead of the presentation of the Union Budget 2025 on February 1, Finance Minister Nirmala Sitharaman will present the Economic Survey, a pre-budget document detailing the state of the economy over the last fiscal year, in Parliament at 12 pm today. The Economic Survey is prepared under the supervision of the Chief Economic Advisor V. Anantha Nageswaran and includes insights into the economy prepared by the economic division of the Department of Economic Affairs in the Ministry of Finance.
16:36 PM(7 months ago )
The Economic Survey 2024 highlights the need for enhanced deregulation to boost MSME growth, urging both Union and state governments to ease excessive compliance burdens. It emphasizes that rigid regulations increase costs, hinder formalization, and stifle innovation, limiting employment opportunities. While past reforms have improved the business climate, the Survey calls for further streamlining through Ease of Doing Business 2.0, a state-led initiative aimed at reducing regulatory complexities. By simplifying taxation, labor laws, and governance processes, policymakers can unlock new growth opportunities, enhance productivity, and drive economic expansion.
(With IANS Inputs)
14:23 PM(7 months ago )
The Economic Survey 2025-26 projects India's GDP growth between 6.3% and 6.8%, driven by strong MSME support, good rabi crop production, and stable private consumption. While geopolitical uncertainties and commodity price shocks pose risks, domestic factors like investment pick-up and improved consumer confidence are expected to support growth. Inflation remains under control due to government interventions, ensuring macroeconomic stability. The survey highlights increased social sector spending, with expenditure rising from ₹14.8 lakh crore in FY21 to ₹25.7 lakh crore in FY25.
(With IANS inputs)
13:40 PM(7 months ago )
According to the first advance estimates of national accounts, India’s real GDP is expected to grow by 6.4% in FY25. The Economic Survey 2024-25 anticipates that growth in FY26 will range between 6.3% and 6.8%, highlighting the country's strong economic momentum. Additionally, good Rabi production is expected to help contain food prices in the first half of FY26, providing stability to the economy and easing inflationary pressures.
(ANI)
13:35 PM(7 months ago )
Finance Minister Nirmala Sitharaman tables the Economic Survey 2024-25 in Lok Sabha on the first day of the Budget session of Parliament
Finance Minister Nirmala Sitharaman12:52 PM(7 months ago )
President Droupadi Murmu in her address to the joint sitting of the Lok Sabha and the Rajya Sabha on Friday highlighted the government's various schemes and goals. She said the government was committed to fulfilling the welfare of the poor and the dreams of the middle class and also was aiming to make India a global innovation powerhouse. Read More...
12:51 PM(7 months ago )
President Droupadi Murmu, addressing the joint session of Parliament, emphasized the government’s commitment to securing India’s borders and ensuring internal security. She noted that several historic steps have been taken in this regard, with a focus on strengthening the nation’s defence capabilities. The President also mentioned the government's efforts towards achieving self-reliance in the defence sector, stating that India has evolved from “Make in India” to “Make for the World,” marking a significant shift towards global contributions in defence production.
11:49 AM(7 months ago )
Addressing a joint session of Parliament, President Droupadi Murmu outlined the government’s goal to transform India into a global powerhouse of innovation. She announced the launch of the India AI Mission to enhance the country's contribution to the field of Artificial Intelligence. The President also highlighted India’s growing influence as a major global player in digital technology, emphasizing the nation’s strides in this transformative sector.
11:40 AM(7 months ago )
Addressing the joint session of Parliament, President Droupadi Murmu emphasized the government’s dedication to fulfilling the dream of the middle class to own their homes. She further highlighted the government's belief in women-led development, expressing pride in the growing presence of women in the armed forces, police, and corporate leadership across the country. The President also shared the government’s goal to empower women by creating 3 crore ‘Lakhpati didi’ (wealthy women).
11:38 AM(7 months ago )
In her address to the joint sitting of Parliament, President Droupadi Murmu spoke about the ongoing historic Maha Kumbh, describing it as a grand celebration of India's cultural traditions and a moment of social awakening. She acknowledged the massive participation of devotees from across India and the world, who have gathered in Prayagraj to take a holy dip. Expressing her condolences for the tragic accident that occurred on Mauni Amavasya, President Murmu conveyed her heartfelt prayers for the speedy recovery of those injured.
President Droupadi Murmu11:35 AM(7 months ago )
Addressing a joint sitting of Parliament, President Droupadi Murmu said, "My government has started 'Dharti Aaba Janjatiya Gram Utkarsh Abhiyan' for five crore people of the tribal society. The government has taken steps towards 'One Nation, One Election' and the Waqf Amendment Bill. My government has placed a special focus on the education of youth and creating new employment opportunities for them."
11:21 AM(7 months ago )
Ahead of the start of the Budget Session on Friday, Prime Minister Narendra Modi said India will fulfil its aim of Viksit Bharat and this Budget Session will give new energy and hope to the nation. Read More...
11:12 AM(7 months ago )
#WATCH | President Droupadi Murmu arrives in Parliament to address the joint sitting of both Houses
— ANI (@ANI) January 31, 2025
Video source: DD News pic.twitter.com/mOCRiOl7xN
11:10 AM(7 months ago )
#WATCH | PM Modi says, "In the third term, we will; focus on India's all-round development. We are moving ahead on mission mode...Innovation, inclusion and investment form the base of our economic activity. In this session of Parliament, many historic bills and amendments will be… pic.twitter.com/sCsfrzUi00
— ANI (@ANI) January 31, 2025
11:09 AM(7 months ago )
#WATCH | #BudgetSession | PM Modi says, "I pray that Maa Lakshmi continues to bless the poor and middle class of our country. It is a matter of great pride that India completed 75 years as a democratic nation. India has established itself well on the global pedestal...This is the… pic.twitter.com/BF2dT2oTz9
— ANI (@ANI) January 31, 2025
10:48 AM(7 months ago )
With 2025 being the first full Budget of the Narendra Modi government's third term, expectations are high. The upcoming Union Budget 2025-26 is expected to propel India towards becoming a $7 trillion economy by 2030. The Budget is likely to emphasize self-reliance and resilience in global value chains, positioning India as a global hub for manufacturing and innovation. Read More...
09:49 AM(7 months ago )
With just one day to go for the Budget 2025, Finance Minister Nirmala Sitharaman will present the Economic Survey today. The Narendra Modi government has been aiming to boost the country's power sector by announcing various schemes. Read More...
08:37 AM(7 months ago )
As India gears up for Budget 2025, expectations are high among taxpayers for significant reforms. The Bharatiya Janata Party (BJP) government, under Prime Minister Narendra Modi, faces demands to alleviate the burden of high taxes, support the middle class, and manage soaring inflation. Read More...
08:36 AM(7 months ago )
The Economic Survey, a pre-budget document detailing the state of the economy over the last fiscal year, will be presented in Parliament at 12 p.m. on Friday by Finance Minister Nirmala Sitharaman. Read More...
08:33 AM(7 months ago )
Ahead of the Union Budget presentation, President Droupadi Murmu will also address a joint seating of Parliament today at 11 am. After the President’s address, Finance Minister Sitharaman will table the Economic Survey in the Lok Sabha and the Rajya Sabha separately.
08:33 AM(7 months ago )
The theme of the Economic Survey also holds significance. In 2024, the theme was economic resilience. The theme sets the tone for the policies which are proposed in the Union Budget as well. Before the budget is presented, conventionally a Cabinet meeting headed by the Prime Minister is also held, where Ministers are briefed about the Budget and Cabinet approval is taken.
08:30 AM(7 months ago )
The Economic Survey document not only details the current state of the economy but also provides an outlook for the upcoming fiscal year. It can also be an indicator of the tone and texture of the Union Budget. The presentation of the Economic Survey will kickstart the Budget Session of Parliament, which concludes on April 4. Parliament will have an inter-session break from February 14 and will resume on March 10.
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