What is the estimated real GDP growth rate for India in the fiscal year 2025-26, according to the Economic Survey, 2024-25?
- AOption (a)
6.3% to 6.8%
- BOption (b)
5.8% to 5.9%
- COption (c)
7.0% to 7.2%
- DOption (d)
7.5% to 7.8%
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Correct answer
6.3% to 6.8%
Why this answer is correct
The correct answer is 6.3% to 6.8%.
Key Points
- The Economic Survey 2024-25 has projected India’s real GDP growth rate for the fiscal year 2025-26 to be in the range of 6.3% to 6.8%.
- This projection is based on assumptions of a stable global economic environment and the absence of significant domestic disruptions.
- The survey highlights that India continues to be one of the fastest-growing major economies in the world, driven by robust domestic consumption and investments.
- Key contributors to this growth rate include sectors such as manufacturing, services, and agriculture, along with steady progress in infrastructure development.
- The projection aligns with the government’s focus on achieving sustainable economic growth through structural reforms and digital transformation.
Additional Information
- Nominal GDP
- Definition: Value of goods/services at current market prices.
- Includes: Both increased production and price hikes (inflation).
- Usefulness: Shows raw economic output in today's dollars; good for short-term analysis or contract comparisons.
- Real GDP
- Definition: Value of goods/services adjusted for inflation, using constant base-year prices.
- Includes: Only changes in actual production volume.
- Usefulness: Best indicator of genuine economic growth, allowing for meaningful year-over-year comparisons.