Union Finance Minister Nirmala Sitharaman. File photo
| Photo Credit: ANI

Finance Minister Nirmala Sitharaman on Friday (January 31, 2025) presented the Economic Survey 2024-25 in the Lok Sabha.

The Economic Survey is an annual document presented by the government ahead of the Union Budget to review the state of the economy.

The document also provides an overview of the short-to-medium-term prospects of the economy.

The Economic Survey is prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance under the supervision of the chief economic adviser.

The first Economic Survey came into existence in 1950-51 when it used to be a part of the budget documents.

In the 1960s, it was separated from the Union Budget and tabled a day before the presentation of the Budget.

The Union Budget for 2025-26 will be presented by the Finance Minister on Saturday (February 1, 2025).

Jaisalmer, Dec 21 (ANI): Union Finance Minister Nirmala Sitharaman speaks at the 55th meeting of the GST Council, in Jaisalmer on Saturday. (ANI Photo)
| Photo Credit:
ANI

Finance Minister Nirmala Sitharaman will table the Economic Survey 2024-2025 on January 31, 2025, after President Droupadi Murmu initiates the FY 2025-26 Budget session of the Parliament with an address to both houses.

Also read | Parliament Budget Session Day 1 live updates

In the beginning of 2024, the economy was projected to grow at a rate of 7%. India was one of the fastest-growing economies in the world and there was anticipation that India would become a $4 trillion economy in 2024-25 and the world’s third-largest economy by 2027.

Also Read | In charts: Key takeaways from Economic Survey 2023-24

The Indian economy is projected to expand by 6.6% in 2025, primarily supported by robust private consumption and investment, according to a United Nations report that said economic growth in South Asia is expected to remain robust this year mainly driven by the “strong performance” in India.

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