Prime Minister of the Centre Narendra Modi 10 big things The NDA government led by PM Modi presented the Economic Survey on Monday. This is an important document, which presents a complete account of the financial health of the economy.
Finance Minister Nirmala Sitharaman presented the Economic Survey in the Lok Sabha. If we mention its 10 major points, then Modi 3.0 has a special focus on the country's agriculture sector and employment. Let's know what is special in this survey…
1- Focus on agriculture sector
According to the government's Economic Survey report, the agriculture sector will act as an engine to accelerate the country's progress and the survey has emphasized the need to focus on the agriculture sector. Apart from this, the government's Economic Survey has also emphasized on increasing employment opportunities in the country. Along with this, the government will also focus on making India a drone hub.
2- Unemployment has decreased, now the focus is on employment
The Economic Survey states that there is a need to create about 78.5 lakh employment opportunities on an average every year in the non-agricultural sector by the year 2030. However, it has been clarified that the unemployment rate in the country has declined and it has been declining since the Covid-19 pandemic. The urban unemployment rate for people above 15 years of age has come down from 6.8% to 6.7% by March 2024.
3- Increase in women self-employment
The Economic Survey states that female self-employment has increased and due to the efforts of the government, 57.3% of India's workforce is self-employed and the participation of women in this is encouraging, in which a tremendous change has been seen in female self-employment.
4- The pace of private investment has increased
Gross Foxed Capital Formation has been boosted due to the emphasis on capital expenditure by the government and the continuous increase in private investment. According to the Economic Survey, a strong increase of 9 percent has been registered in it in 2023-24.
5- This estimate of GDP growth
India's GDP was mentioned in the Economic Survey FY25 presented by Modi 3.0. Presenting an account of the country's financial health in this report, it has been said that the country's GDP growth is estimated to be 6.5 to 7 percent.
6- Banks' balance sheet is fine
The Economic Survey claims that the balance sheets of companies and banks are strong. Along with this, it has been said that private investment is expected to get a further boost.
7- Overseas Indians sent a lot of money
The survey also mentions that the amount of money sent by people of Indian origin living in various countries of the world to their relatives has increased continuously. According to the data, Indians living abroad have sent remittances worth $124 billion to the country during 2024. It is estimated to reach $129 billion in the year 2025.
8- Indian market performance is excellent
India is the fastest growing economy in the world and the economic survey shows that the capital market has played an important role in its growth story. The stock market has given a great performance amidst global tensions and various economic shocks. According to the report, the Nifty-50 index of the stock market grew by 26.8 percent during FY24, which was down by 8.2 percent in the previous financial year.
9- The effect of AI can be seen
There is a lot of uncertainty in the Economic Survey about the impact of Artificial Intelligence (AI) on employees. The survey report has predicted that AI will increase productivity, but it may have an adverse effect on employment in some sectors.
10- Hope of reduction in inflation
The Economic Survey report has expressed hope that the monsoon will be normal. In such a situation, the inflation rate may fall. Earlier, the Reserve Bank of India (RBI) has also estimated the inflation rate to be 4.5 percent in the current financial year.
