Economic Survey- Finance Minister Nirmala Sitharaman will present the budget for the financial year 2025-26 on February 1. Before that, the Economic Survey will be presented in Parliament today. Economic Survey is a financial document. In this, the economic development of the country during the last financial year is reviewed.
It is prepared on the basis of data like industry, agriculture, industrial production, employment, inflation and export. The Economics Division of the Department of Economic Affairs prepares it under the guidance of the Chief Economic Advisor.
Economic Survey: President Draupadi Murmu Address in Parliament:
President Draupadi Murmu said that the central government has considered people service as its goal while following the instructions of the fundamental rights given in the Constitution and important work is being done in this direction. Care is being taken to ensure that no one is left out in the journey of developed India. We are moving forward in the direction of building such a future in which we can walk together on the path of culture and unity.
President Draupadi Murmu, while talking about the achievements of the central government during her address before the budget session, said that the central government is working to realize the concept of developed India. Work is being done on a complete system so that the poor, women and the elderly in the country can get the full benefit of the policies and schemes of the central government.
President Draupadi Murmu on cyber security and deepfake technology:
Union Budget Economic Survey 2025 Live Update:
President Draupadi Murmu emphasized her government’s continued efforts to enhance efficiency in cyber security. She acknowledged the growing threats from digital fraud, cyber crime and deepfake technology. She emphasized that these challenges are significant concerns for social, financial and national security. Strong measures are needed to prevent them.
President Also Mention:
India’s metro rail network crosses 1,000 km milestone. President Draupadi Murmu proudly announced that India’s metro rail network has now crossed the 1,000 km milestone, becoming the third largest metro network in the world. She also highlighted the completion of the Udhampur-Srinagar-Baramulla rail link project. This project will connect the country by rail from Kashmir to Kanyakumari.
President Murmu Highlights ISRO:
India to launch its own manned spaceflight Gaganyaan, says President Murmu.
President Draupadi Murmu expressed confidence that the day is not far when India & ISRO will launch its own manned spaceflight, Gaganyaan.
President Murmu On National Education Policy:
In the live updates of the Union Budget Economic Survey 2025, President Draupadi Murmu emphasised her government’s commitment towards establishing a modern education system for students. This will happen under the guidance of the New Education Policy (NEP).
President Also speaks on PM SVANidhi Yojana and Ease of Doing Business:
In the live updates of the Union Budget Economic Survey 2025, the President acknowledged that small vendors and hawkers have been kept out of the formal banking system for a long time. She also pointed out that the PM SVANidhi Yojana is now giving them the necessary financial help. She also highlighted her government’s efforts to make doing business easier, ensuring an inclusive and business-friendly environment.
President Murmu on Transforming India into a global innovation powerhouse:
Economic Survey 2025 Union Budget Live: President Draupadi Murmu highlighted the government’s vision to make India a global innovation powerhouse with a strong focus on cutting-edge technologies. She lauded the launch of the India AI Mission, aimed at advancing artificial intelligence research and development.
President Murmu lauds India’s stellar performance at Olympics and Paralympics:
President Draupadi Murmu lauded India’s stellar performance on the global stage. She said Indian teams have been consistently performing well in various international competitions like Olympics and Paralympics.
President Draupadi Murmu speaks on Sakhis, SHGs and more:
President Draupadi Murmu highlighted the important role of banking and digital payment “Sakhis”. These Sakhis connect people in remote areas to the financial system. She also highlighted the success of the National Rural Livelihoods Mission (NRLM). This mission has empowered more than 91 lakh self-help groups. Financial inclusion and rural development are being promoted through NRLM.
Target of 3 crore ‘Lakhpati Didi’:
In the live updates of the Union Budget Economic Survey 2025, President Draupadi Murmu emphasized her government’s commitment to women-led development. The government is working on a plan to create 3 crore ‘Lakhpati Didi’. These empowered women will lead economic growth. She also praised the achievements of young Indian entrepreneurs. She mentioned their growing influence in various sectors, from startups and sports to space, which is giving the country global recognition.
President Draupadi Murmu spoke on ‘One Nation, One Election’ and Waqf Amendment Bill:
In the live updates of Economic Survey 2025, President Draupadi Murmu informed that the government has made significant progress towards implementing the ‘One Nation, One Election’ initiative and passing the Waqf Amendment Bill. He also emphasised that his third term is working three times faster than previous governments.
Youth plays a key role in President’s speech:
Economic Survey 2025 Union Budget Live: President Murmu said, “My government has laid special emphasis on creating new opportunities for education and employment for the youth.”
President Draupadi Murmu on giving health insurance to six crore senior citizens:
Economic Survey 2025 Union Budget Live: President Draupadi Murmu informed that her government has decided to give health insurance to six crore senior citizens aged 70 years and above under the Ayushman Bharat scheme.
Will India’s GDP growth be affected?:
In Union Budget 2025 live updates, sources believe that the Economic Survey may project a GDP growth of 6.3-6.8% for the next fiscal year. For this fiscal year, India’s GDP is projected to grow at a four-year low of 6.4%, driven by weak manufacturing and investment, according to National Statistics Office estimates
Finance Minister Nirmala Sitharaman will present the Economic Survey 2024-25 in Parliament today. In this, the economic accounts of the country and the challenges are told in detail. This survey has been prepared by Chief Economic Advisor V Anant Nageshwaran. In this, the economic development of the country during the last financial year is reviewed. It is prepared on the basis of data like industry, agriculture, industrial production, employment, inflation and export.
PM Modi on Economic Survey 2025 & Budget Session:
Prime Minister Modi expressed confidence that with the collective efforts of 140 crore Indians, India will become a developed nation by 2047. This year will also mark the completion of 100 years of our independence.
Emphasizing the importance of inclusive growth, he said that “with the collective efforts of 140 crore Indians, India will become a developed nation by 2047.” The upcoming Budget Session will focus on discussions on important bills that will shape the future development of the country. In this session, there will be discussions on laws necessary for the development of the country.
PM Modi on important reforms in Budget Session:
Prime Minister Modi expressed hope for important reforms during the Budget Session. He emphasized the need for cooperation between the central and state governments. The Prime Minister also assured that important decisions for women empowerment will be taken in this session. This clearly shows that the government is committed to promoting gender equality and inclusive growth
PM Modi Also Said:
For the first time, there will be no foreign interference before the budget: PM Modi
During the Union Budget, Prime Minister Modi stressed that this is the first time since 2014 that no foreign power has tried to create unrest before the Parliament session.
PM Modi said, “Before the budget session, I bow to Maa Lakshmi, the goddess of wealth and prosperity
PM Modi said, “I pray that Maa Lakshmi keeps her blessings on the poor and middle class of our country.”
It is a matter of great pride that India has completed 75 years as a democratic nation. India has made its strong identity on the global stage.
This is the first full budget of my third term. I am confident that by 2047, when India completes 100 years of its independence, India will achieve its goal of developed India. This budget will give new energy and hope to the country.
Concerns remain on private investment and employment:
According to a report by Systematics Institutional Equities, the Government of India has invested more than Rs 54 lakh crore in capital expenditure in the last 11 years.
This also includes Rs 11.11 lakh crore allocated for FY25. Despite such a huge expenditure, the report has raised concerns about weak private investment and unemployment.
Stormy budget session expected:
The Economic Survey of Budget 2025 has begun. The budget session of Parliament is expected to begin from Friday.
Opposition parties are raising concerns over the alleged mismanagement of the Mahakumbh Mela held in Prayagraj. There is a possibility of a heated debate on the mismanagement at the pilgrimage site where 30 pilgrims lost their lives in a stampede.
Bond yields expected to remain stable in India:
Traders are awaiting the weekly auction and key events such as the Economic Survey and the Union Budget. For this reason, Indian government bonds are expected to remain stable in early trade. The 10-year bond yield is expected to remain between 6.66% and 6.70% ahead of the auction, while it last closed at 6.6803%.
Indian markets opened flat:
Nifty 50 opened at 23,296.75, showing a gain of 47.25 points (0.2%). At the same time, the BSE Sensex opened at 76,888.89, seeing a gain of 129.08 points (0.17%).
India’s privatization journey so far:
According to the Economic Review of Budget 2025, four years after the announcement of the privatization policy, the Modi government has been able to make only three successful deals.
The biggest deal among these was the sale of Air India to the Tata Group.
In the remaining two deals, Neelachal Ispat Nigam Limited was sold to Tata Steel and Ferro Scrap Nigam to Japan’s Konoike Transport Company.
Both these deals were related to the sale of indirect stake.
Will India abandon the privatization plan?:
The government has invested $ 1.5 billion to help public sector companies.
This move has been taken after the privatization process slowed down. A government document obtained by Reuters revealed that the sale of at least nine government units would be stopped after opposition from ministers.
This indicates that the government is now focusing on economic support rather than reducing government involvement in business.
Staying on the path of fiscal growth:
According to the Economic Review of Budget 2025, the government will stick to its target of reducing the fiscal deficit to below 4.5% of GDP in FY26 despite the current challenges. The government will stick to its fiscal policy.
Economic Survey 2025 Skilled (Nipurn) Bharat Initiative: For Basic and Numeracy Literacy of Every Child:
The Central Economic Advisor (CEA) discussed the Nipurn Bharat Initiative. The initiative aims to make every child proficient in basic literacy and numeracy by the end of third grade by 2026. He said that the Economic Survey has given special examples of successful initiatives in states like Bihar and Gujarat. These examples are explained in detail in Chapter 11 of the report. These efforts focus on addressing the challenges related to basic education across the country and improving educational outcomes.
Economic Survey 2025 Live Updates, Union Budget:India’s Infrastructure Development.
In the Economic Survey 2025 Live Updates, the Union Economic Advisor (CEA) lauded India’s infrastructure development over the past decade. He said that tremendous progress has been made in many sectors. Along with the construction of new trains and airports, there has also been an improvement in the efficiency of ports, where the dwell time of ships has come down from 48 hours to 30 hours in recent years.
In addition, he cited capacity addition in the energy sector, reduction in data costs, and expansion of telecom infrastructure as important contributors to India’s growing infrastructure capabilities.
Economic Survey 2025 Union Budget: Agriculture – The Sector of the Future
The Union Economic Advisor (CEA) has put special focus on the agriculture sector. He emphasized the importance of empowering farmers to maximize their productivity and value. The CEA termed agriculture as the “sector of the future”. He said that there is a potential to increase the contribution of agriculture to GDP growth rate from 0.75% to 1%. Giving examples of various states, the CEA mentioned successful initiatives like land consolidation and expansion of micro irrigation. Micro irrigation has grown threefold in the last eight years. These are the key factors in increasing productivity and improving irrigation coverage. According to the CEA, the “sector of the future” is agriculture.
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Good and detailed article & update