Live Updates: India needs to guard against impact of financialisation in policy making: Eco Survey
31 Jan 2025 1:49 PM IST31 Jan 2025 1:49 PM IST
Union Finance Minister Nirmala Sitharaman (File Photo)
Ahead of Union Budget 2025, Finance Minister Nirmala Sitharaman tabled the Economic Survey 2024-25 in Lok Sabha.
The Economic Survey, tabled every year a day ahead of the Union Budget, gives a broad roundup on macroeconomic performance of the ongoing fiscal and a glimpse of how the next fiscal is likely to pan out.
Here are highlights from the FM's speech:
Live Updates
- 31 Jan 2025 2:39 PM IST
The pre-budget document for the 2024-25 fiscal has suggested policy reforms to discourage overproduction of cereals while boosting output of pulses and edible oils, which the country currently imports to meet domestic shortages. The Economic Survey 2024-25, tabled in Parliament on Friday, stressed that India's agriculture sector has "significant untapped growth potential" despite various growth initiatives.
- 31 Jan 2025 2:37 PM IST
India's import tariff policy has evolved over time, balancing domestic policy goals with the need to integrate into the global economy. Tariffs vary by sector, with considerations like protecting sensitive sectors from foreign competition and permitting access to important raw materials and intermediate goods.
( Source : Deccan Chronicle )
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