Economic Survey 2024-25: Key insights ahead of Budget 2025

Finance Minister Nirmala Sitharaman tables the Economic Survey 2024-25 in Parliament today, a critical document providing a comprehensive analysis of India's economic health and laying the groundwork for tomorrow's Union Budget. The survey offers vital clues into the government's economic thinking and its priorities for the future.
The Economic Survey, a comprehensive report compiled by the Economic Division of the Ministry of Finance under the guidance of the Chief Economic Adviser, provides crucial insights into India's economic performance. Following its presentation in Parliament today, Dr V. Anantha Nageswaran, Chief Economic Adviser to the Government of India, will highlight the key findings and implications of the Economic Survey 2024-25.
It is expected to delve into key economic indicators, outline policy directions, and provide insights into potential tax reforms, social sector spending, and, crucially, strategies to drive robust and inclusive economic growth.
Anticipation is high that the survey will emphasize skilling, job creation, and inclusive development, reflecting the government's stated commitment to building a strong and equitable economy. The survey will likely address the pressing need for job creation across vital sectors like manufacturing, healthcare, and education, while also exploring pathways to foster innovation and accelerate the adoption of emerging technologies.
Industry leaders look for concrete measures for workforce development
As the budget approaches, HR and business leaders are keenly focused on whether the government will translate its stated priorities into concrete measures that enhance workforce skilling, promote gender inclusion, and provide meaningful support for startups. The business community is looking to see targeted investments in emerging skills, well-structured skilling and reskilling programs, and policies that effectively bridge persistent employment gaps.
Sumit Sabharwal, Country Leader for India at Deel, underscores the urgent need for initiatives focused on future-proof skills like cloud computing, AI, machine learning, and cybersecurity to address critical talent shortages. Puneet Arora, Managing Partner at Biz Staffing Comrade, calls for structured upskilling and reskilling programs, coupled with incentives for industries that prioritize sustainable employment practices.
Gender inclusion is another key area of focus. Sumit Kumar, Chief Strategy Officer at TeamLease Degree Apprenticeship, advocates for financial incentives to encourage female apprenticeships, particularly in rural areas, to boost women's workforce participation.
Startups, a crucial engine of innovation and job creation, are also looking for support. Amit Ramani, Chairman and MD of Awfis Space Solutions, urges the government to introduce measures that simplify regulations and foster the development of startup hubs, particularly in Tier-II cities, to unlock their full potential.
Meanwhile, India's fintech sector is poised for significant growth, but it requires the right support to realize its full potential. Industry leaders urge the government to present a bold Budget 2025 that fosters innovation and drives financial inclusion.