It is mandatory for SSC exam and bank exam aspirants to study India’s Economic Survey and Budget. The reports give an overview of the Indian economic scenario and state government policies for the next financial year. In this article, the main points of India’s Economic Survey 2024-25 and Union Budget 2025-26 are explained in simple words. By exposing the real issues such as taxation, infrastructure, and social welfare, this book will help you prepare for your SSC and bank exam.
This crystal clear Budget and Economic Survey idea will make the candidates capable of responding to the questions of economic growth, fiscal policies, and government schemes in SSC exams and bank exams. The major topics of such reports are GDP projections, employment scenario, and banking sector reforms. Going through these subjects will not only strengthen your study for the exams but also be towards your awakening in terms with the bigger Indian economic scenario.
Economic Survey 2024-25: A Review
Economic Survey is an annual report of the economic progress and issues of the past year in India. It gives industry, services sectors, and agriculture highlights used to prepare the Union Budget. Economic Survey is an extremely useful subject to study for SSC exam and bank exam aspirants since it provides core subjects like policy action, inflation, and GDP growth, which regularly appear in exams.
- Projected Economic Growth
- GDP Growth: India’s real GDP growth is expected to expand between 6.3% and 6.8% in FY 2025-26. After all, what kind of adjustment for a ginormous universe of variables ranging from the global economic milieu to domestic policy-making.
- Inflation Trends
- Retail Inflation: Retail inflation moderated from 5.4% of the last fiscal year to 4.9% of the current fiscal year, reflecting higher price stability.
- Sectoral Highlights
- Services Sector: Services sector continues to be the leading sector with 55.3% of Gross Value Added (GVA) in FY25.
- Industrial Sector: 6.2% growth in FY25, with robust performance of electricity and construction.
- Agriculture Sector: Prime Minister Dhan-Dhaanya Krishi Yojana and other programs will increase agriculture productivity.
Union Budget 2025-26: Highlights
The Union Budget is the budget of the subsequent year’s government’s income and expenditure. The key points for Bank and SSC aspirants are listed below:
- Taxation Reforms
- Income Tax Reforms: Exemption limit for income tax has been increased to ₹12 lakh under the new plan, which has alleviated burden for middle-class taxpayers.
- TDS and TCS modifications: The maximum limit of interest earned by senior citizens under Tax Deductible at Source (TDS) has been increased to ₹1 lakh from ₹50,000.
- Agricultural Programs
- Prime Minister Dhan-Dhaanya Krishi Yojana: New scheme to increase farm yield and reduce farmer’s load.
- Mission for Pulses Self-Reliance: Six-year mission for growing Tur, Urad, and Masoor with a goal to decrease dependence on imports.
- Makhana Board in Bihar: Constituting a board for production and marketing development of Makhana, a water crop of high demand.
- Infrastructure and Development
- Capital Expenditure: The government also increased capital expenditures to stimulate infrastructure development with a focus on railways, roads, and ports.
- Jal Jeevan Mission Extension: The mission to be extended to 100% tap water connections in rural households with a new target date to 2028.
- Science and Technology
- Nuclear Energy Mission: New R&D mission on Small Modular Reactors vision to 100 GW of nuclear electricity by 2047.
- Artificial Intelligence in Education: Creating Artificial Intelligence Centers of Excellence with financial outlay of ₹500 crore for research development and deployment of AI in education.
- Social Welfare and Employment
- MSME Support: Increasing credit guarantee cover of Micro, Small, and Medium Enterprises (MSMEs) from ₹5 crore to ₹10 crore for their growth and employment generation.
- Urban Challenge Fund: Establishment of a ₹1 lakh crore fund for urban programs to improve the infrastructure and standard of living in the city.
- Education and Skill Development
- Up-gradation of IITs: Upgradation of infrastructures of five IITs set up after 2014 to make arrangements for the accommodation of 6,500 additional students.
- Broadband Connectivity: Broadband connectivity to be extended to all secondary schools and rural primary health centres to enable delivery of improved education and health care services.
- Environmental Initiatives
- Customs Duty Exemptions: Customs duty exemption to be given to waste lithium-ion batteries, cobalt powder, and other crucial minerals as an incentive for local production and job creation.
- Deep Tech Fund of Funds: Setting up a fund that invests in the future generation of startups that are creating deep technology solutions.
Consequence for SSC and Bank Exam Aspirants
News on such events is the magic key to success for competitors because economic policy questions, taxation, agriculture, infrastructure, and social welfare questions come in competitive exams from time to time. How to prepare for all this is as mentioned below:
- Keep Yourself Informed: Read top-class magazines like ixamBee on a regular basis so that you are aware of what is taking place in the form of economic events.
- Pinpoint Important Areas: Pay special attention to tax policy reforms, agricultural schemes, infrastructure expenditure, and social security initiatives since these are tested most.
- Use Simple Terminology: While preparing, attempt to define involved concepts in simple words so that you are able to master them.
- Practice Application: Practice question papers of previous years and provide
Conclusion
Budget and Economic Survey are crucial reports on the basis of which India makes its economic planning and policies. These reports become important for such students who wish to attempt bank exams and SSC exams so that they remain in complete awareness regarding the points of both the reports. The Economic Survey provides an overall picture of the economy, while the Budget announces government spending and government priorities in policy for the next year.
By solving issues like taxation, roads, agriculture, education, and social welfare, the candidates are adequately prepared. The majority of the SSC and bank examination questions are the direct solutions to such kinds of questions. Remaining in touch with affairs by studying from authentic sources like ixamBee and solving previous question papers can get candidates on an equal footing of preparation.
Right information regarding the Economic Survey and Budget highlights will not only prove to be very useful from the knowledge point of view but also strengthen your SSC exam and bank exam further. Revise yourself, practice more, and practice mock tests in order to become successful in your competitive exams.
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