Economic Survey 2025 LIVE Updates: President Murmu Says ‘India Will Become World’s Third-Largest Economy Soon’
The Budget Session of Parliament kicked off today with President Droupadi Murmu addressing a joint session of both the Lok Sabha and Rajya Sabha. During her speech, she emphasized the government’s commitment to fulfilling the middle class’s dream of owning a home, as well as outlining several key initiatives and goals.
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Union Finance Minister Nirmala Sitharaman is set to present the Economic Survey in both Houses of Parliament. This document, crafted by a team under the leadership of Chief Economic Adviser V Anantha Nageswaran, will provide an official overview of the country’s economic performance for the current financial year.
In addition to the Economic Survey, the government has also introduced 16 Bills, including the Waqf (Amendment) Bill, as part of the financial agenda for the session. The first full Budget under the Modi 3.0 government will be presented by Finance Minister Sitharaman on Saturday.
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The first phase of the Budget Session will run until February 13, followed by a recess to allow members to review the Budget proposals. The session will then reconvene on March 10 and continue until April 4, encompassing a total of 27 sittings.
What is the Economic Survey?
The Economic Survey is an important document that provides a comprehensive analysis of the country’s economy. It is divided into two sections: Part A focuses on the economic performance, covering fiscal trends and key macroeconomic indicators, while Part B addresses social and economic issues, such as education, poverty, and climate change. The survey also includes projections for GDP growth, inflation, and trade.
Highlights from the Last Economic Survey
The previous Economic Survey projected a growth rate of 6.5 to 7% for India’s real GDP. This optimistic forecast was driven by factors such as improved financial health in the private sector, a predicted rise in goods and services exports, favorable rainfall forecasts, and ongoing structural reforms in the economy.
On the inflation front, India was able to keep retail inflation at 5.4% for FY24, marking the lowest rate since the COVID-19 pandemic. However, food inflation rose to 7.5% in FY24, up from 3.8% in FY22.
The survey also provided a forward-looking perspective, stressing the importance of increased oilseed and pulses production, enhancing vegetable storage facilities, and closely monitoring the prices of essential food items.
President Murmu’s Address on Day 1 of the Budget Session
President Droupadi Murmu’s address on Day 1 of the Budget Session focused on the positive impacts of the Ayushman Bharat scheme, which aims to provide healthcare coverage for millions of citizens. She also touched upon the alarming issue of paper leaks that have been affecting the nation.
(Stay tuned for live updates)
Jan 31, 2025 13:19 IST
Lok Sabha Adjourned Till 11 AM on 1st February 2025
Feb 26, 2025 01:02 UTC
FM Nirmala Sitharaman Tables Economic Survey 2024-25 in Rajya Sabha
Union Finance Minister Nirmala Sitharaman presented the Economic Survey 2024-25 in the Rajya Sabha. Following the tabling of the document, the House was adjourned until tomorrow. The survey provides an overview of the country's economic performance and projections, marking an important step in the lead-up to the Union Budget.
Feb 26, 2025 01:02 UTC
Parliament Pays Tribute to Late Former PM Dr. Manmohan Singh
Members of the Lok Sabha and Rajya Sabha paid tribute to the late former Prime Minister Dr. Manmohan Singh. Both Houses of Parliament adopted resolutions expressing condolences and sent heartfelt sentiments to Dr. Singh's family, acknowledging his contributions to the nation and honoring his legacy. The tributes reflect the respect and admiration held by the MPs for the former PM.
Feb 26, 2025 01:02 UTC
Congress MP Sonia Gandhi Criticizes President's Address, Remarks on Her Fatigue
After President Droupadi Murmu's address to Parliament, Congress MP Sonia Gandhi commented, "The President was getting very tired by the end... She could hardly speak, poor thing..." Gandhi's remarks highlighted her perception of the President's exhaustion during the speech, which concluded the first day of the Budget Session.
Feb 26, 2025 01:02 UTC
Congress Leaders Sonia Gandhi, Rahul Gandhi, and Priyanka Gandhi Vadra Depart from Parliament After President's Address
Congress MPs Sonia Gandhi, Rahul Gandhi, and Priyanka Gandhi Vadra were seen leaving Parliament after President Droupadi Murmu's address to the joint sitting on the first day of the Budget Session 2025. The address marked the official opening of the session, which is expected to witness key discussions on various national issues.
Feb 26, 2025 01:02 UTC
Economic Survey 2025 LIVE: President Droupadi Murmu Departs for Rashtrapati Bhavan
Economic Survey 2025 LIVE: After addressing a joint sitting of both Houses, President Droupadi Murmu departs from Parliament to head to Rashtrapati Bhavan.
Feb 26, 2025 01:02 UTC
President Murmu Says ‘India Will Become World’s Third-Largest Economy Soon'
Addressing a joint session of Parliament, President Droupadi Murmu shared that India will soon become the world’s third-largest economy. She emphasized her government’s commitment to fulfilling the aspirations of the Indian middle class, discussing women’s development and the promotion of Artificial Intelligence (AI) as part of the government's vision for the nation’s future. “Two months ago, we celebrated 75 years of adopting our Constitution, and recently we completed 75 years of our journey. On behalf of all Indians, I bow down to Babasaheb Ambedkar and all those in the Constitution Committee,” she stated at the beginning of her address.
Feb 26, 2025 01:02 UTC
‘Working Towards Green Future, Green Jobs,’ Says President Murmu
President Murmu asserts, “My government is making decisions with future generations in mind. We are pushing the country towards a green future and green jobs. Over the past six months, several major decisions have been made to achieve the target of 500-gigawatt non-fossil fuel energy capacity by 2030.”
Feb 26, 2025 01:02 UTC
Economic Survey 2025 Live Updates: President Murmu Hails Ayushman Bharat Scheme
While addressing Parliament, President Murmu announces, “Under the Ayushman Bharat Scheme, health insurance will now be provided to six crore senior citizens aged 70 years and above.”
Feb 26, 2025 01:02 UTC
Economic Survey 2025 Live Updates: President Murmu Hails Progress on ONOE, Waqf Bill
President Droupadi Murmu says, “The government has made significant strides on key issues, such as Waqf boards and One Nation, One Election.” She also highlights, “My government has focused on youth education and creating new employment opportunities.”
Feb 26, 2025 01:02 UTC
Economic Survey 2025 Live Updates: ‘Aim to Make India Global Innovation Powerhouse,’ Says President Murmu
During her address, President Droupadi Murmu states, “Our goal is to transform India into a global innovation powerhouse… The India AI Mission has been launched to strengthen our position in artificial intelligence.”
Feb 26, 2025 01:02 UTC
Economic Survey 2025 LIVE: President Murmu on Cyber Crimes, Deepfakes
Economic Survey 2025 LIVE: “My government is focused on ensuring greater efficiency in cybersecurity. Digital fraud, cybercrime, and deepfakes pose serious threats to social, financial, and national security,” President Droupadi Murmu emphasizes.
Feb 26, 2025 01:02 UTC
Economic Survey 2025 LIVE: Congress MP on PM Modi’s 'Foreign Interference' Remarks
Economic Survey 2025 LIVE: Responding to PM Modi's statement, Congress MP Karti Chidambaram tells ANI, “It is surprising that the PM has stated there has been foreign interference during his tenure. It is now his responsibility to expose this interference, utilizing every state organ and international forum to take legal action.” He further adds, “I have no expectations from this government as they have consistently disappointed the middle class and will continue to do so.”
Feb 26, 2025 01:02 UTC
Economic Survey 2025 LIVE: ‘17 New Vande Bharat Trains Introduced in Last 6 Months,’ Says President Murmu
Economic Survey 2025 LIVE: “Today, several Vande Bharat, Amrit Bharat, and Namo Bharat trains are operational. In the last six months, we have introduced 17 new Vande Bharat trains and one Namo train. The government is swiftly moving towards One Nation, One Election and the Waqf (Amendment) Bill. Over the past decade, my government has infused new energy into the journey of 'Viksit Bharat',” says President Murmu.
Feb 26, 2025 01:02 UTC
Economic Survey 2025 LIVE: Govt Makes Record Investment in Infrastructure in Last 6 Months, Says President Murmu
Economic Survey 2025 LIVE: “In the past six months, my government has made a historic investment in future infrastructure. I am pleased to announce that the Udhampur-Srinagar-Baramulla rail link project has been completed, now connecting Kashmir to Kanyakumari by railway. As part of this ambitious project, the world's highest rail bridge has been built over the Chenab River,” President Droupadi Murmu shares.
Feb 26, 2025 01:02 UTC
Economic Survey 2025 LIVE: Govt Working to Ensure Fair Rates for Farm Produce, Says President Murmu
Economic Survey 2025 LIVE: President Droupadi Murmu states that the government is committed to providing appropriate rates for farm produce and increasing farmers' income. She adds, “The government has initiated 'Mission Mausam' at a cost of ₹2,000 crore to make India weather-ready and climate-smart.”
Feb 26, 2025 01:02 UTC
Economic Survey 2025 LIVE: ‘Situation in J&K Changed After Abrogation of Article 370,’ Says President Murmu
Economic Survey 2025 LIVE: President Droupadi Murmu notes that the situation in Jammu and Kashmir changed following the abrogation of Article 370.
Feb 26, 2025 01:02 UTC
Economic Survey 2025 LIVE: Fight Against Left Wing Extremism Reaches Final Stage, Says President
Economic Survey 2025 LIVE: President Droupadi Murmu informs Parliament, “The fight against Left Wing Extremism is now in its final stage, with the number of affected districts dropping significantly to 38.” She further adds, “My government has taken historic steps to protect the country's borders and ensure internal security.”
Feb 26, 2025 01:02 UTC
Economic Survey 2025 Live Updates: 'Developed Countries Impressed with India's UPI,' Says President Murmu
During the Budget session, President Droupadi Murmu highlighted, “India is increasingly being recognized as a global leader in digital technology… Developed nations have expressed admiration for the success of India’s UPI transaction system… My government has harnessed digital technology as a tool for promoting social justice and equality.”
Feb 26, 2025 01:02 UTC
President Murmu Emphasizes Government's Belief in Women-Led Development
In her address to Parliament, President Droupadi Murmu stated, “My government is committed to women-led development in the country. We aim to create 3 crore 'Lakhpati didis'… It fills me with immense pride that women in large numbers are now piloting fighter jets, joining the police force, and leading corporations. Our daughters are bringing honor to the nation with their victories in the Olympics.”
Feb 26, 2025 01:02 UTC
Economic Survey 2025 Live Updates: President Murmu Pays Tribute to Kumbh Stampede Victims
During her address at the Budget session, President Droupadi Murmu honored the lives lost in the tragic stampede at the Mahakumbh festival. She also paid her respects to Dr. Manmohan Singh, the former prime minister, who passed away in December.
Feb 26, 2025 01:02 UTC
Budget Session 2025 Live: India Set to Become World's Third-Largest Economy
President Droupadi Murmu expressed optimism about India's economic trajectory, stating that the country is on course to become the world’s third-largest economy, thanks to the government's strategic efforts.
Emphasizing Inclusive Development
Reaffirming the core principles of her administration, she highlighted the mantra: "Sabka Sath, Sabka Vikas, Sabka Vishwas, Sabka Prayas"—emphasizing unity, development, trust, and collective effort as key to India's progress.
Strengthening Borders and Advancing Defence
President Murmu also underscored the government's commitment to national security, mentioning the historic steps taken to safeguard India's borders and enhance internal security. Additionally, she noted the country’s progress toward self-reliance in the defense sector, stating, "From Make in India, we have moved to Make for the World."
Feb 26, 2025 01:02 UTC
Vice President Reads English Translation Amid Opposition Protests
Vice President Jagdeep Dhankhar proceeded to read portions of the President’s address in English. However, when he conveyed condolences for the victims of the Maha Kumbh stampede, certain Opposition members raised their voices in protest.
Feb 26, 2025 01:02 UTC
President Murmu Concludes Her Address with a Vision for 2047
Concluding her address, President Murmu urged the nation to uphold unity and work toward fulfilling India's aspirations. She expressed her belief that by growing together, future generations will witness a strong, developed, and prosperous India by 2047.
Feb 26, 2025 01:02 UTC
India Emerges as a Global Pillar of Stability: President Murmu
President Droupadi Murmu emphasized that India is setting an example for the world by becoming a pillar of economic, social, and political stability amid global uncertainties. She highlighted that international organizations, including the G7 Summit, Quad, BRICS, SCO, and G20, have expressed confidence in India’s capabilities, policies, and leadership.
Feb 26, 2025 01:02 UTC
Economic Survey 2025 Live Updates: President Murmu Highlights Border Security Measures
President Murmu stated that the government has taken historic steps to safeguard the nation's borders and strengthen internal security. She further mentioned that the battle against Left-Wing Extremism is in its concluding phase, with the number of affected districts significantly reduced to 38.
Feb 26, 2025 01:02 UTC
Government Has Taken Historic Steps to Safeguard National Borders And Strengthen Internal Security
President Murmu highlighted the government's historic actions to protect national borders and ensure internal security, noting significant progress in self-reliance within the defense sector. She emphasized the shift from 'Make in India' to 'Make for the World,' creating new employment opportunities.
The development of border areas is also a key part of the strategy, with infrastructure projects such as the Atal Tunnel, Sela Tunnel, and Sonamarg Tunnel enhancing both defense capabilities and tourism.
Jan 31, 2025 11:54 IST
President Murmu Highlights Government Schemes For Backward Communities, Digitization And Manuscript Conservation
President Murmu announces expansion of PM Suraj Yojana for easy loans to backward communities and sanitation workers, while over one crore disability identity cards are issued to ensure access to government benefits for disabled individuals. She also emphasizes the importance of digitizing and conserving manuscripts, calling them a valuable heritage containing vast knowledge for the benefit of humanity.