Budget Session 2025 Begins, Nirmala Sitharaman Presents Economic Survey
New Delhi: The Budget Session of Parliament commenced on January 31, 2025, with Finance Minister Nirmala Sitharaman tabling the much-anticipated Economic Survey 2024-25. This comprehensive report outlines India’s economic trajectory, key financial indicators, and policy recommendations, setting the stage for the upcoming Union Budget 2025.
Key Highlights of the Budget Session
📅 Session Timeline:
✔ First Phase: January 31 – February 13
✔ Second Phase: March 10 – April 4
The Budget Session is crucial for discussing India’s economic policies, fiscal management, and financial priorities for the upcoming fiscal year.
10 Key Takeaways from the Economic Survey 2024-25
1️⃣ GDP Growth Projection: India’s GDP is expected to grow between 6.5% and 7% in FY 2025, showcasing steady economic recovery.
2️⃣ Inflation Trends: The survey highlights moderating inflation, aided by government interventions in food and fuel prices.
3️⃣ Fiscal Deficit Target: The government aims to gradually reduce the fiscal deficit, balancing public spending and revenue generation.
4️⃣ Employment & Job Growth: Sectors like manufacturing, IT, and infrastructure have shown job creation potential, but rural employment remains a challenge.
5️⃣ Agriculture & Rural Economy: The survey emphasizes increasing MSP, better irrigation infrastructure, and technology-driven farming.
6️⃣ Infrastructure Investments: Continued focus on railways, highways, and renewable energy projects to boost long-term growth.
7️⃣ Digital & Fintech Boom: Growth in UPI transactions, digital banking, and financial inclusion continues to shape India’s economic landscape.
8️⃣ Global Economic Impact: The report discusses geopolitical uncertainties, trade policies, and their effect on India’s economy.
9️⃣ Social Sector Spending: Increased allocations for healthcare, education, and welfare schemes to support human capital development.
🔟 Budget Expectations: The Economic Survey sets the tone for possible tax reforms, incentives for industries, and support for MSMEs in the Union Budget.
What to Expect in Union Budget 2025?
With the Economic Survey providing a detailed analysis, here’s what citizens and industries can expect in the upcoming Union Budget:
💰 Possible tax relief for individuals and businesses
🏗 More investments in infrastructure and manufacturing
📈 Boost for startups, MSMEs, and digital economy
🌱 Enhanced focus on climate-friendly and sustainable policies
Political & Economic Reactions
🔹 Economists & Experts: Analysts see the survey as positive, noting India’s resilient economy amid global challenges.
🔹 Opposition & Political Leaders: Critics argue that rural distress, unemployment, and inflation concerns need stronger government interventions.
🔹 Industry & Markets: Businesses are optimistic about continued government support for industrial growth and ease of doing business.
Conclusion: The Road Ahead
As the Budget Session progresses, all eyes are on Finance Minister Nirmala Sitharaman’s Union Budget presentation, expected to address economic challenges, accelerate growth, and provide fiscal stability. The next few weeks will be critical in shaping India’s financial roadmap for FY 2025.
