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 2:21 PM IST
Retail headline inflation, as measured by the change in the Consumer Price Index (CPI), has softened from 5.4 per cent in FY24 to 4.9 per cent in April – December 2024. The decline is attributed to a 0.9 percentage point reduction in core (non-food, nonfuel) inflation between FY24 and April – December 2024
- 31 Jan 2025 2:17 PM IST
The services sector continues to perform well in FY25. A notable growth in Q1 and Q2 resulted in 7.1 per cent growth in H1 FY25. Across sub-categories, all the sub-sectors have performed well. The robust performance of the services sector is also reflected in high-frequency indicators (HFIs).
- 31 Jan 2025 2:16 PM IST
According to the RBI's Industrial Outlook Survey, manufacturing firms reported improved demand conditions in Q3 FY25 and expect further improvements in Q4 FY25 and Q1 FY26. The survey also reflected better expectations for production, order books, employment, capacity utilisation, and the overall business environment during Q4 FY25 and Q1 FY26.
- 31 Jan 2025 2:11 PM IST
Agriculture growth remained steady in H1 FY25, with Q2 recording a growth rate of 3.5 per cent, marking an improvement over the previous four quarters. Healthy Kharif production, above-normal monsoons, and an adequate reservoir level supported agricultural growth. - Economic Survey
- 31 Jan 2025 2:07 PM IST
About 87 per cent of the cement industry is concentrated in Telangana, Rajasthan, Andhra Pradesh, Karnataka, Madhya Pradesh, Gujarat, Tamil Nadu, Maharashtra, Uttar Pradesh, Chhattisgarh, Odisha, Meghalaya and West Bengal. The industry has adequate capacity to meet the domestic cement demand - Economic Survey.
- 31 Jan 2025 2:05 PM IST
Telangana and seven other States - Arunachal Pradesh, Goa, Haryana, Himachal Pradesh, Gujarat, Punjab and Mizoram, and three union territories - Andaman & Nicobar Islands, Dadra Nagar Haveli and Daman Diu and Puducherry have achieved 100 per cent coverage providing reliable access to safe piped drinking water for rural households under Jal Jeevan Mission (JJM) - Economic Survey
( Source : Deccan Chronicle )
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