The Economic Survey – A Prelude to the Budget
The Economic Survey, released annually before the Union Budget, serves as a crucial document outlining India’s financial trajectory and policy direction. It provides insights into economic growth, sectoral performance, and upcoming reforms, laying the foundation for informed fiscal planning. This year’s survey highlights India’s rapid progress toward becoming a global economic powerhouse, solidifying its position as an industrial and financial hub.
India’s economic growth story is one of resilience and ambition. As the world increasingly views India as a key player in global commerce and industry, it is poised to become the third-largest economy. With strategic policy reforms, investment in infrastructure, and a burgeoning digital economy, the country is on an accelerated path to becoming a global superpower.
India’s Rise to the World’s Top Economies
President Droupadi Murmu, in her address to the joint sitting of Parliament, reaffirmed India’s economic strength, stating that the nation is set to become the world’s third-largest economy. She emphasized the government’s commitment to expediting key policy decisions to enhance development and drive growth.
A testament to India’s robust economic policies is the PM-Kisan Samman Nidhi scheme, under which Rs 41,000 crore has been distributed to millions of farmers. This direct financial assistance ensures agricultural stability and strengthens rural economic growth.
The government is also undertaking transformative policy reforms such as the ‘One Nation, One Election’ initiative to streamline the electoral process and the Waqf Bill to enhance transparency in property management. These structural reforms reinforce India’s commitment to governance and economic efficiency.
Youth Empowerment and Employment Generation
With a young and dynamic population, India’s greatest asset is its workforce. The government has prioritized expanding educational opportunities and job creation to leverage the demographic dividend. Skill development initiatives and employment generation programs aim to equip the youth with tools to drive innovation and entrepreneurship.
President Murmu also reiterated the government’s dedication to ensuring homeownership for the middle class through housing schemes, making the dream of owning a home a reality for millions.
Eradicating Poverty and Empowering Women
A significant achievement in India’s economic journey has been the lifting of 25 crore people out of extreme poverty, marking a milestone in social upliftment. Inclusive growth remains at the forefront of national policy, with targeted schemes fostering financial and technical empowerment.
A standout initiative is the ‘Drone Didi’ scheme, which trains women in drone technology, opening employment opportunities in agriculture and logistics. By equipping women with modern skills, India is fostering an inclusive economy that benefits all segments of society.
A Bright Future Ahead
India’s economic transformation is not just about numbers but about improving the lives of its people. With progressive policies, strategic investments, and an emphasis on inclusivity, the country is on a trajectory of sustained growth and global influence.
As India solidifies its position as an economic giant, the future looks bright, marked by innovation, industrial prowess, and a commitment to social progress. The nation’s journey toward becoming a superpower is well underway, and the world is taking notice.
(With inputs from agencies)
