THE JHARKHAND STORY DESK
New Delhi, Jan 31: After the President’s address, Finance Minister Nirmala Sitharaman presented the Economic Survey (2024-25) in both the Lok Sabha and Rajya Sabha on the first day of the Budget Session on Friday.
The survey was prepared by a team led by Chief Economic Advisor V. Anantha Nageswaran.
According to the Economic Survey, GDP growth is projected to be between 6.3% and 6.8% for the financial year 2025-26 (FY26), from April 1, 2025, to March 31, 2026.
Additionally, GST collection for 2024-25 is expected to increase by 11%, reaching ₹10.62 lakh crore.
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According to the Economic Survey 2024-25, significant progress has been made in the construction sector, which has been gaining momentum since the middle of fiscal year 2021 and is approximately 15% higher than pre-pandemic levels. This is an impressive achievement driven by strong infrastructure development and demand for housing.
The government has launched several public-private partnership (PPP) models, including BOT, Hybrid Annuity, and TOT, along with initiatives like the National Infrastructure Pipeline and National Monetization Pipeline to encourage private sector participation.
It was emphasized that for these initiatives to succeed, they should be supported by widespread recognition of the importance of public-private partnerships in infrastructure development across the country.
After the Finance Minister presented the Economic Survey, the proceedings of the House were adjourned until 11 a.m. on February 1.
