The Economic Survey of India 2024-25 provides an in-depth analysis of the country’s economic progress, key growth indicators, and sectorial performance. Below are the key highlights, with a dedicated focus on the education sector.

Economic Survey of India 2024: Overall Economic Performance 

• GDP Growth: India’s GDP is projected to grow at 6.5% in FY 2024-25, driven by robust domestic demand and strong infrastructure development.
• Inflation Control: Retail inflation has remained within the 4-5% range due to improved supply chain management and policy interventions.
• Fiscal Deficit: The government has successfully reduced the fiscal deficit to 5.2% of GDP, aligning with fiscal consolidation targets.
• Foreign Direct Investment (FDI): India attracted $95 billion in FDI inflows, reinforcing investor confidence in the economy.
• Employment Growth: The unemployment rate has dropped to 6.1%, reflecting a steady improvement in job creation across sectors.

Sectorial Highlights of Economic Survey of India

Agriculture & Rural Development

• Agricultural Growth: The sector witnessed a 3.8% growth, supported by government initiatives like PM-KISAN and enhanced irrigation infrastructure.
• Agri Exports: Agricultural exports touched $50 billion, with an emphasis on organic and processed food items.

Industry & Manufacturing

• Manufacturing Growth: The sector grew at 7.2%, with increased investments in semiconductor manufacturing and green energy projects.
• Make in India: The initiative has led to a 20% rise in domestic production across various industries.

Infrastructure & Real Estate

• Highway Expansion: India added 8,500 km of highways in FY 2024-25, improving logistics efficiency.
• Affordable Housing: Over 2 million houses were sanctioned under the Pradhan Mantri Awas Yojana (PMAY).

Technology & Digital Economy

• Digital Transactions: UPI transactions surged to ₹17 trillion per month, marking a 28% year-on-year growth.
• AI & Startups: The Indian AI sector saw investments exceeding $10 billion, fostering innovation and new-age entrepreneurship.

Education Sector: Key Insights from the Economic Survey of India

Budget Allocation & Expenditure

• The education sector received ₹1.25 lakh crore, marking a 12% increase from the previous year.
• Higher Education Investment: Government spending on higher education rose by 15%, focusing on research and skill-based programs.

School Education & NEP 2020 Implementation

• Foundational Literacy & Numeracy: Programs under the National Education Policy (NEP) have improved literacy rates among children aged 6-14 by 5%.
• Digital Learning Expansion: Over 80% of schools now have access to digital classrooms and smart learning tools.

Higher Education & Research

• Gross Enrollment Ratio (GER): GER in higher education increased to 30%, surpassing previous targets.
• PhD & Research Grants: Funding for PhD research programs grew by 18%, boosting innovation in technology and science.

Skill Development & Employment Readiness

• Vocational Training: Over 5 million students benefited from vocational skill training programs under government initiatives.
• Industry Collaboration: More than 300 universities have partnered with leading industries for skill-based curricula and internship programs.

Global Rankings & Indian Universities

• Top Universities: 5 Indian universities made it to the top 200 QS World Rankings, reflecting improved global academic standing.
• International Student Enrollment: Enrollment of international students in Indian universities rose by 20%.

Higher Education & Research Development

• Increased funding for IITs, IIMs, AIIMS, and Central Universities.
• Focus on enhancing research output and innovation in higher education institutions.
• Expansion of foreign university collaborations and international student exchange programs.

Digital Transformation in Education

• Digital university initiatives and AI-driven adaptive learning platforms.
• Strengthening online education through e-Vidya, DIKSHA, and SWAYAM portals.
• Investment in 5G-enabled smart classrooms and virtual labs.

Conclusion

The Economic Survey of India 2024-25 paints a positive outlook for the economy, with strong growth in key sectors, including education. The significant increase in budget allocation and digital transformation in education will play a pivotal role in shaping India’s future workforce.

Find detailed official economic survey 2024 highlight pdf to know more!

Also Read: Union Budget 2025: AYUSH Ministry Gets ₹3,992.90 Crore Allocation – Key Highlights & Impact

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