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Economic Survey 2024: Economy likely to grow at 6.5 to 7 per cent in FY 25

The Economic Survey stated that the Indian economy is on a strong wicket and stable footing, showing resilience in the face of geopolitical challenges.

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Economic Survey 2024: Economy likely to grow at 6.5 to 7 per cent in FY 25

While presenting the Economic Survey 2023-24, Finance Minister Nirmala Sitharaman highlighted that the Indian Economy is on a strong wicket and stable footing. The survey projected a real GDP growth of 6.5 per cent to 7 per cent in FY 25. 

The Economic Survey stated that the Indian economy is on a strong wicket and stable footing, showing resilience in the face of geopolitical challenges. The economy also consolidated post-Covid recovery with policymakers, fiscal and monetary, ascertaining economic and financial stability.

The survey further underlined that for the recovery to be sustained, there has to be heavy lifting on the domestic front because the environment has become extraordinarily difficult to reach agreements on key global issues like trade, investment and climate. 

It mentioned that headline inflation remains largely under control, despite increased rates for some specific food items. Notably, the trade deficit for FY24 was lower compared to FY23, with a current account deficit around 0.7 per cent of GDP and a surplus recorded in the last quarter. The foreign exchange reserves are ample, supporting economic stability. 

In recent years, public investment has driven capital formation and the private sector has begun investing in FY22 after addressing balance sheet issues, and is currently poised to sustain this momentum.

The survey stated that job creation occurs mostly in the private sector. Additionally, many of the factors influencing economic growth, job creation, and productivity are within the purview of state governments. Hence, India needs a tripartite compact, among the central government, state governments, and the private sector, more than ever before to meet the rising aspirations of its citizens and achieve the goal of a developed India by 2047, the survey noted.

The survey also highlighted that the agriculture sector is crucial for India and ripe for a comprehensive pan-India dialogue. It stated that India heavily subsidises water, electricity, and fertilizers for farmers, often providing the former two virtually free.

In addition, farmers’ incomes are untaxed, and the government offers a minimum support price (MSP) for 23 selected commodities, along with monthly cash support through the PM-KISAN scheme. Despite significant spending by national and sub-national governments, a re-orientation of existing and new policies could better serve farmers.

At present, a mix of conflicting policies is harming farmers’ interests, destroying soil fertility, depleting groundwater, polluting rivers, and contributing to environmental issues. These aforesaid policies also undermine public health by promoting diets rich in sugar and carbohydrates instead of fiber and protein. Untangling these policy knots could yield immense benefits, restoring faith in the state’s ability to guide the nation towards a better future and delivering substantial socio-economic advantages.

Another factor where policy intentions have yet to achieve desired outcomes is with respect to small, medium, and large enterprises. Earlier, multiple products were reserved for small-scale industries, but this approach was phased out as it benefitted neither the small industries nor the overall economy. Recent concerted efforts at formalizing these enterprises are making progress, but access to finance remains a significant challenge. 

Notably, buyers and creditors are shedding old mindsets and practices too slowly for these enterprises to feel the impact. Additionally, these businesses need maximum relief from the compliance burdens they face. Existing laws, rules, and regulations stretch their finances, abilities, and bandwidth, potentially robbing them of the will to grow.

Further, the Economic Survey highlighted that the tripartite compact that India needs to become a developed nation amidst emerging unprecedented global challenges involves three key elements namely, governments must trust and let go, the private sector must reciprocate this trust with long-term thinking and fair conduct, and the public must take responsibility for their finances and their physical and mental health.

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Supreme Court says will see if law was followed in CEC Gyanesh Kumar’s decisions

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CEC Gyanesh Kumar

With protests continuing for the third day on Sunday against Chief Election Commissioner Gyanesh Kumar, the Supreme Court on Monday issued notice to the Election Commission of India while saying it cannot go by newspaper reports alone.

The bench headed by Chief Justice of India Justice Surya Kant was hearing the pleas that CEC Gyanesh Kumar was taking unilateral decisions in the poll body even when the other Election Commissioners differed. The bench said if law wasn’t followed, it can undo it, referring to the plea which highlighted that the EC should have followed collective decision making.

The main grouse against the unilateral functioning of the Election Commission is that in the garb of the Special Intensive Revision (SIR) of electoral rolls over 13 crore citizens have been disenfranchised.

With the plea due for hearing on Monday, Sunday saw pitched confrontations between protesters, some led by the All India Students’ Association (AISA) and other Left student bodies and some led by Cockroach Janta Party, with Delhi Police personnel. Many women protesters charged Delhi Police personnel without nametags groped them.

Several student leaders including AISA’s Neha Bora were picked up by police when they were on their way to Jantar Mantar to protest demanding the sacking or resignation of CEC Gyanesh Kumar. With the yellow amaltas, a winter flower, yet to bud, the police’s yellow barricades seemd to be in full bloom blocking access to the EC headquarters, Nirvachan Sadan on Ashoka Road.

The students are said to have gotten together near Andhra Bhavan circle on Ashoka Road and were making their way to Jantar Mantar. But police personnel were deployed to prevent them from going to Jantar Mantar, which was the seat of the July protests that revolved around the demand for the sacking of Dharmendra Pradhan following the successive leaks in NEET UG.

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Indore voter deletions: 1.36 lakh names, but digital records not maintained

Replies to an RTI concerning 1,36,552 voter deletions in Indore in 2022 said several constituency offices had not maintained the requested digital records.

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MP High Court

RTI replies concerning 1,36,552 voter deletions in Indore in 2022 said several constituency offices had not maintained the requested digital records from Garud and ERO Net. 

The deletions took place between January 5 and October 15, 2022, and therefore predate the current Special Intensive Revision (SIR) exercise. However, the subsequent RTI correspondence has brought attention to how records related to those deletions were maintained.

RTI replies say digital records were not maintained 

The RTI application, filed by former Indore councillor Dilip Kaushal, sought information related to entries made through the Garud app and ERO Net, along with material concerning decisions taken by Electoral Registration Officers.

Several constituency election offices responded that the requested digital records had not been maintained.

The Depalpur election office said it had not maintained digital records relating to ERO Net or the Garud app used by Booth Level Officers. Similar responses came from officials in Indore-2, Indore-5, Rau and Sanwer.

The Indore-1 and Indore-3 offices said requested digital material, including video and other copies, had not been maintained because there were no Election Commission instructions to preserve such records at the time.

The Indore-4 office said the deletion process through Garud and ERO Net was routine work carried out under Election Commission instructions, but the constituency office had not maintained the digital material sought in the RTI application.

1.36 lakh deletions across Indore constituencies

The 1,36,552 deletions cited in the application were spread across several Assembly constituencies.

Indore-4 accounted for 28,391 deletions, while Indore-5 recorded 28,091. Rau had 21,346 deletions.

The application also listed 19,983 deletions in Indore-2, 12,102 in Indore-1 and 8,107 in Indore-3. Sanwer accounted for 8,531 deletions and Depalpur for 2,214.

Together, Indore-4 and Indore-5 accounted for 56,482 deletions, while adding Rau’s figure took the combined total to 77,828.

Madhya Pradesh High Court directs action on RTI appeal

Kaushal pursued the matter after receiving the replies and filed a second appeal before the State Information Commission.

The Madhya Pradesh High Court has now directed the State Information Commission to decide the pending appeal on its merits and in accordance with law.

Justice Sandeep N Bhatt’s September 17 order asked the authority to decide the matter as expeditiously as possible, preferably within 45 days of receiving a certified copy of the order, and communicate the outcome to Kaushal.

The appeal had been pending since January 30, 2026.

Kaushal had also raised the issue with Chief Election Commissioner Gyanesh Kumar, Election Commissioners Sukhbir Singh Sandhu and Vivek Joshi, and the Madhya Pradesh Chief Electoral Officer in July 2025.

The RTI trail relates to voter deletions carried out in 2022 and does not itself establish that the deletions were part of the current SIR exercise.

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Yogi Adityanath transfers over Rs. 148 crore to 4.60 lakh students

Uttar Pradesh Chief Minister Yogi Adityanath transferred over Rs. 148 crore to the bank accounts of more than 4.60 lakh students under the state’s scholarship and fee reimbursement programme.

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Yogi Adityanath

Uttar Pradesh Chief Minister Yogi Adityanath transferred more than Rs. 148 crore in scholarship and fee reimbursement funds to over 4.60 lakh students on Saturday, according to the report.

The funds were transferred to students through their bank accounts as part of the state’s scholarship and fee reimbursement programme.

The initiative covers students from different social and economic categories and is aimed at ensuring that financial difficulties do not prevent them from continuing their education.

Yogi Adityanath’s message to students

During the programme, the Uttar Pradesh Chief Minister said that no student should have to discontinue education because of a lack of funds.

He stressed the government’s commitment to providing students with equal opportunities to pursue their education and move forward in life.

The scholarship and fee reimbursement support is intended to provide financial assistance to eligible students while helping them continue their studies.

Scholarship support for UP students

The latest transfer covers more than 4.60 lakh students and involves over Rs. 148 crore in financial assistance. The programme includes scholarship and fee reimbursement support for eligible students.

Other reports on the October 3 distribution said the amount covered students belonging to the Other Backward Classes, Scheduled Castes, general category and minority communities.

The Uttar Pradesh government has also highlighted the use of automation in the scholarship distribution process, saying it has improved transparency and helped ensure timely payments to students.

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