Important Data FY 23,24,25

(As of Feb 2025, so Advance Estimates for FY25)

(Source: FRBM Budget Doc 2025, Vision IAS)

1. GDP, GVA
a. Real Growth GDP (FY25) = 6.4 %
b. Real Growth GVA (FY25) = 6.4 %
c. Nominal Growth GDP (FY25) = 9.7 %
d. Nominal GDP (FY24) = INR 293.90 Lakh cr
e. Real GDP (FY24) = INR 172.90 Lakh cr
2. Consumption
a. PFCE Growth (FY25) = 7.3 %
b. PFCE as % of GDP (FY24) = 60.3 %
c. PFCE as % of GDP (FY25) = 61.8 %
3. Investment
a. Real Growth of GFCF (FY25) = 6.4 %
4. Sectoral
a. Agri Growth (FY25) = 3.8 %
b. Industry Growth (FY25) = 6.2 %
c. Services Growth (FY25) = 7.2 %
5. Unemployment
a. AY22 = 4.1
b. AY23 = 3.2
6. Employment Trend
a. proportion of self-employed workers in workforce has risen from 52.2% (2017-18) to 58.4% (2023-24)
b. agriculture share rise from 44.1% in 2017-18 to 46.1% in 2023-24.(PLFS 2023-24)
c. manufacturing share fall from 12.1% to 11.4% and services from 31.1% to 29.7%.
d. Female LFPR has risen from 23.3% in 2017-18 to 41.7% in 2023-24
 e. The gig workforce is projected to reach 23.5 crore by 2029-30, comprising 6.7% of the non-agricultural
workforce and 4.1% of total livelihoods.
7. Labour Force Participation Rate
a. Women
i. AY23 = 41%
8. Public Debt to GDP ratio
a. FY24 = 81.6 %
9. Inflation
a. Average retail inflation (FY25 Apr-Dec) = 4.9% [(FY24 Apr-Dec) = 5.4 %]

b. In the December 2024 RBI’s Monetary Policy Committee report revised its inflation projection from 4.5 per cent
to 4.8 per cent in FY25. Assuming a normal monsoon and no further external or policy shocks, the RBI expects
headline inflation to be 4.2 per cent in FY26.
c. IMF has projected an inflation rate of 4.4 per cent in FY25 and 4.1 per cent in FY26 for India.
10. External Sector
a. Merchandise
i. Merchandise Export Growth YoY (2024 Apr-Dec) = 1.6 % [Due to non-petroleum and non-gems and
jewellery exports rose]
ii. Merchandise Import Growth YoY (2024 Apr-Dec) = 5.2 % [Due to rise in non-oil, non-gold imports]
 iii. Merchandise Trade Deficit (2024 Apr-Dec) = USD 210 Billion
b. Services
i. Services Export Growth (2024 Apr-Dec) = 11.6%
c. Total Export (Merchandise + Services) (FY24) = USD 778 billion
d. Total Import (Merchandise + Services) (FY24) = USD 853.8 billion
e. Trading Countries:
i. Surplus:
1. USA ($41 Billion)
2. Netherlands
3. UK
4. Belgium
5. Italy
ii. Deficit:
1. China ($99 Billion)
2. Russia
3. South Korea
4. Hong Kong ($13 Billion)
5. UAE ($26 Billion)
6. Saudi Arabia
7. Indonesia
8. Iraq
f. BOP: Current Account and Capital Account
 India has generally recorded surplus in Capital Account

g. FDI Flows
i. FDI Inflows (FY22) = USD 84.83 billion
ii. Gross FDI Inflows (FY25 Apr-Oct) = USD 48.6 Billion [(FY24 Apr-Oct) = USD 42.1 Billion]
iii. Net FDI Inflows (FY25 Apr-Oct) = USD 14.5 Billion
 h. Forex Reserve
i. Dec 2024 = USD 640.3 Billion [Cover 90% External Debt and 11 months Imports]
i. External Debt
i. India’s external debt remained stable over the past few years, with the External debt to GDP ratio
standing at 19.4 % at the end of September 2024.
11. Monetary Policy and Liquidity
a. Repo Rate cut by 25 basis points in Feb 2025 after 5 years
b. Repo Rate (Apr 2024- Dec 2024) = 6.5%
c. August 2024: Retained stance of "Withdrawal of Accommodation", ensuring inflation aligns with the target while
supporting growth.
d. October 2024: Stance changed from "Withdrawal of Accommodation" to "Neutral"
12. Fiscal Indicators

2024-25 (Revised Est) 2025-26 (Budget Est)

Fiscal Deficit 4.8 4.4
Revenue Deficit 1.9 1.5
Primary Deficit 1.3 0.8
Tax Revenue (Gross) 11.9 12.0
Non-Tax Revenue 1.6 1.6
Central Government Debt 57.1 56.1
13. Budget Estimates for FY26:
a. Total Receipts other than borrowing = 34.96 trillion INR
 b. Total Expenditure = 50.65 trillion INR
c. Net Tax receipts = 28.37 trillion INR
d. Capex = 11.21 trillion INR (3.1% of GDP)
14. Revised Estimates for FY25:
a. Total Receipts other than borrowing = 31.47 trillion INR
b. Total Expenditure = 47.16 trillion INR
c. Net Tax receipts = 25.57 trillion INR
d. Capex = 10.18 trillion INR (3.1% of GDP)
15. State Comparison

16. Energy Sector

 a. India has successfully established an installed electricity generation capacity of 213,701 megawatts from non-
fossil fuel sources, which accounts for 46.8 per cent of the total capacity as of 30 November 2024. The goal is
to reach 50 per cent by 2030.

17. Social Sector (Health, Education, Social Security, Skilling etc)

 a. According to the latest National Health Accounts, the Total Health Expenditure (THE) in FY22 is estimated to be
₹9,04,461 crore (3.8 per cent of GDP and ₹6,602 per capita at current prices).
b.
18. Consumption Expenditure:
 a. The average monthly per capita expenditure (MPCE) in rural and urban India in 2023-24 is estimated at ₹4,122
and ₹6,996, respectively.
b. The urban-rural gap in MPCE has declined to 71 per cent in 2022-23 from 84 per cent in 2011-12. It has further
come down to 70 per cent in 2023-24, which confirms the sustained momentum of consumption growth in rural
areas.

19. Inequality
a. Inequality has reduced and Consumption Spending has increased as per HCES 2023-2024.
b. The Gini coefficient improved for rural areas (declined to 0.237 in 2023-24 from 0.266 in 2022-23) and urban
areas (declined to 0.284 in 2023-24 from 0.314 in 2022-23).
c. The bottom 5 per cent of the rural population, ranked by MPCE, has an average MPCE of ₹1,677, compared to
₹2,376 in urban areas.
d. The top 5 per cent have average MPCEs of ₹10,137 in rural and ₹20,310 in urban areas
20. Outlook For 2025 (Intro and conclusion)
a. Global macro-economic challenges and domestic developments will influence the growth outlook for the Indian
economy in FY 2025-26.
b. While the Government's continued public capital investment push and decline in inflation could positively impact
growth, continued geo-political tensions and emerging protectionism pose risks.