The Economic Survey tabled by Union Finance Minister Nirmala Sitharaman on Friday showcased key developments in the Indian economic landscape, from growth numbers to banking sector performances. It highlighted that India’s economy is projected to expand between 6.3 per cent and 6.8 per cent in the financial year 2025-26 (FY26).
While a massive 4.67 crore additional jobs were created in the Indian economy in the financial year ended March 2024, the fast pace of employment generation has continued into 2024-25 in both the formal and informal sectors, official data shows.
The Indian economy and the domestic financial system are underpinned by strong macroeconomic fundamentals, healthy balance sheets of banks and non-banks with returns on assets at decadal highs, according to the RBI financial stability report released on Monday.
Notably, the rupee dropped to 85.0650 against the US dollar in early trade, compared to 84.9525 on Wednesday.
Indian economy is to grow at 6.6% in 2025-26, up from 6.4% in the current fiscal year, India Ratings and Research (Ind-Ra) projected on Wednesday.
The SJM leader underlined the need for cashing in on the anger of various counties of the world against China.
The post-Covid economy is showing a strong recovery and all the indicators show that the economy is going for double-digit growth not only this year but also on a sustainable basis, over a period it will see a strong growth rate or higher single-digit growth - BJP headquarters
Agriculture was the only sector of the economy that withstood the vagaries of the Coronavirus scourge, growing by 3.4 per cent in FY 2020-21, when other sectors floundered, and the economy shrank by 7.2 per cent. Demand for tractors, agricultural implements, fertilisers etc kept the cash registers of many manufacturing concerns ringing
The agriculture sector has been pandemic resilient. Its output is 8 percent above the pre-pandemic level. A below-normal monsoon poses a risk to its growth in FY22.
IT services and technology sectors contribute to more than 60 per cent of the AI market, followed by BFSI, engineering and retail.
