New Delhi:
The Modi government is going to present the second general budget of its third term on 1 February. Finance Minister Nirmala Sitharaman (Nirmala Sitharaman) will present the budget 2025 (Budget 2025) in the Lok Sabha at 11 am on Saturday. In the budget session started from Friday, the Finance Minister presented an account of the country’s economy. According to the Economic Survey, GDP growth from 1 April 2025 to 31 March 2026 is estimated to be 6.3% to 6.8%. This report has been prepared under the supervision of Dr. Ananta Nageswaran, Chief Economic Advisor, Government of India. In an exclusive interview with Lokjanta, Dr. Nageswaran said that the policies of the government are effective. In such a situation, economic growth is possible in the range of 6.3% to 6.8%. The country’s growth rate may increase next year.
Dr. Nageswaran said, “The slow pace of India’s economy is not a separate event in the world. Because the index of Global Economic Activity is going below 2023. Global Economic Activity is low. India is also a part of it.”
Global situation challenging
Dr. Nageswaran says, “The global situation is quite challenging. So it is expected that next year the GDP growth rate of the country can remain in the range of 6.3% to 6.8%.”
It is necessary to increase investment in private and public sector
What is the need to do to increase demand in the economy? In response to this, Dr. Nageswaran says, “Giving more money in the hands of people does not mean that demand will increase. We have to bring many sectors that increase demand. Along with this, investment in private and public sector Demand can also be increased by increasing, by increasing employment opportunities, tax cuts.
Emphasis on increasing communication network
He said that along with this we need to improve infrastructure. Such as roads, ports, airports and communication networks. So that business and industries get a boost.
Chief Economic Advisor Dr. V. Anantha Nageswaran told how the pace of development of the country will be this year?
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More appointment, better package will make a difference
The Chief Economic Advisor said that to increase demand, we will also have to create jobs. More appointments will also have to be made. More appointments and better packages will make a difference.
Economic Survey 2025 big things:
Economy is estimated to increase at a speed of 6.3% to 6.8% in -2025-2026. The survey said that to make India a developed India by 2047, economic development will have to be done at the rate of 8 to two decades.
Retail inflation was 5.4% in 2023-2024, which increased to 4.9% in April-December 2024. There is expected a decrease in inflation in the fourth quarter. Due to bad weather, low yield, food inflation increased due to obstruction of supply chain.
-It has been said in Sarve that the situation in the labor market has improved in 7 years. In FY24, the unemployment rate fell to 3.2%. While Net payroll in EPFO doubled in the last 6 years which is a good sign of employment in the organized sector.
-The Economic Survey said that India needs to invest in infrastructure for sharp growth in the next 20 years. In the last 5 years, the government has focused on physical, digital and social infrastructure.
-It was also said in Sarve that the rapid development of Artificial Intelligence is not only creating new opportunities in the global labor market, but also creating important challenges.