Union Finance Minister Nirmala Sitaraman, on Friday, showcased key developments in India’s economic landscape with the Economic Survey 2024-25. The survey will be tabled in the Parliament today.
India’s GDP Growth Projections
The survey highlighted India’s economic growth projection for the fiscal year 2025-26 (FY26). Economic expansion is projected to be between 6.3% to 6.8% in the coming year. The International Monetary Fund (IMF) has kept India’s GDP growth estimations at 6.5% for FY25 and FY26. While the World Bank keeps this growth estimation at 6.7 per cent.
The economic survey also highlighted that the recent growth in bank credit is sustainable and the performance of the banking and financial sector remains stable and well-capitalised.
The rapid pace of technological evolution in India in terms of AI Blockchain and data analytics has created opportunities for traditional financial services and processes
