Economic Survey 2025-26 | Economic Survey of India Highlights for RBI Grade B & NABARD Grade A

0:04 So good evening everyone and guys welcome to the session. So welcome to this detailed session of your economic survey 202526. So guys earlier in the day I have taken a session that was on first impression of this economic survey that what was the initial things that were being discussed in this economic survey. So now if I talk about here now we're going to talk about in detail about this all chapters. >> So now we're going to discuss in detail about all these chapters. So as I've told you what actually is economics let's try to understand that thing and why it is important for the examination that's again something important for us to understand if you are preparing for RB examination guys we have as I have told you earlier also in my session in the afternoon session that economic survey plays a very important role for RB students because it is clearly defined in the syllabus of RBA and we

0:50 have seen a paragraph based question asked in 2024 examination in even in 2025 2024 we have seen a question being asked in the phase one examination also from economic survey. Then if I talk about Nabad examination there also guys economic survey plays a very important role in the examination because there also we have seen a question being asked in economic survey in 2024 there was a debt question being asked from economic survey 2023 also there was a question 2025 also they have given a glimpse of economic survey the question has been asked then if you are preparing for other regulatory body examinations like you are preparing for SEB PFRDA IFSCA or let's say you are preparing for endp examination there I I for sake about here here if specifically in paper two

1:36 economic survey and unit budget plays a very important role and they always ask a ask us a question. So that are clearly that is clearly defined in the syllabus. So that is where this is important here and for the other examinations also I would say guys you will see some questions one or two questions being asked from economic survey. Now if this section is very much important for the examination first of all we need to understand what actually is economic survey. As I've told you guys, of achieve what were the important steps taken by the government of India.

2:27 survey talks aboutformance with the help of financial statement. Then moving forward guys next economic survey economic division which is working under ministry of finance or head chief economic advisor chief economic advisom every year it is been presented

3:16 but if I talk about this or budget 1st of February. Okay. So I hope the basic thing is clear but actually economic survey. Now before I proceed further on guys G let me just talk about some basic terms which are always there being asked in the economic survey which which you will always see which technicalities. Okay. Just give me a second here. Okay,

4:02 important part GDP term commonly used you will see the term like GDP GV will be used here GDP overall this is known as gross value and services GVA forged capitalending onterm assets like building gross fixed capital formation just give me a second here spending households on goods and

4:48 services then we have a term known as fiscal deficit which actually is a type of if talk about it tells us about the difference between the government's spending and the government's income simple about the income primary deficit or effective revenue deficit difference. Fiscal deficit overall interest payments exclude primary deficit or revenue deficit grants then it is coming known as effective revenue deficit. Okay. Okay. So these are the terms which are being used. Then basic terms economic survey that is specifically for year 2526 that has been

5:35 released. So in total guys economic survey this year it has released 16 chapters. Okay. Out of which 13 chapters tells us about the economic potential economic growth of the country. Whereas their last three chapters basically talks about the proposal which are some things that economic survey proposed this year. So what are the things that were proposed this year? If I talk about here three things on which the proposals were given one is AI, second is urbanization and third one if I talk about is swadishi swadishi means how indigenization what we're doing here is it has basically given us some sort of what we can talk about some suggestions or proposals have been made on these three things which is chapter number 14 15 and 16 here and the

6:22 first chapter if I talk about here we'll talk about status of economy overall economy. Then fiscal deficit, monetary policy. Then we'll talk about structure uh specific sector wise like agriculture service industry infrastructure sector here, investment sector here. Then we will talk about little bit about your uh external grants about to sectors I'm discuss one by one. Let's go with my first chapter that is the chapter one named as state of the economy pushing the growth frontier. >> [cough] >> Now what this specific chapter is saying to us the name itself is very very important

7:07 guys. If you see here the name itself is very important. It is saying pushing the growth which means somehow what we are doing is we are pushing ourselves. So this if I talk about this specific image is very very important for the examination. If you're talking about the examination important and you can specifically you can see a question being asked from this specific diagram like the first thing if I talk about let's talk about GDP growth rate what is the GDP growth projection as per the economics that's very very important. So the GDP growth said that we are

7:53 expecting a next year growth. It's not this year. Next year growth is expected to be in the range of 6.8 to 7.2%age. And if I talk about here the projected growth for this financial year that is 25 26 is going to be 7.4%age and next year we expected to grow at 6.8 to 7.2%age. This is something very very important because you can direct claiming ask a question what is the GDP growth forecast as per the economic surve comes my next important thing these three sectors are very very important agriculture sector which is agriculture livestock forestry and fishy sector agriculture sector industry sector and then we have service sector for agriculture sector it said that this year the growth projection is around

8:39 4.6% 6% that was uh achieved in 2425. This financial year there's a slightly dip in the growth that would be around 3.1%. D company industry sector there it has said that obviously it is going to enhance it is going to enhance from 5.9 to 6.2%age service sector which is the karta dha of Indian economy here it is said that again the growth rate in service sector is somehow what I can believe is it will be around 9.1%. So these are the three important industrial growth rates. I would say GDP, agriculture sector, industry service. These are important for our examination from which a question can be asked. In terms of foreign reserves, I would say the exact amount of forest reserves will not that much important. But a question that can be formed is forest reserves for how many month or how many timeline for

9:24 which we have a forex reserve. So the government has said or the economic service said that we have a forex reserve which is there for 11 months considering our imports as well as external depth value as of September 2025. So if we consider that thing still we have a forex reserve for the next 11 months that is something that has been highlighted which somehow specifies that the economic survey has highlighted the shock that we see that the tariff shocks that we are witnessing it is saying that yes they are impacting but still we are in a controlled position in terms of our Indian economy that is thing that has been highlighted from forex reserve then we talk about fiscal deficit fiscal deficit is said that it is going to be 4.8%age 8%age for the year 25 20 24 25

10:10 year sorry then we have per capita income it is said per capita income would be it's around 2.2 two lakh at the current price. That is what it has been depicted here. Now other than that the other points that were being highlighted in the first chapter was that was about first advanced estimate. So guys as I've told you [cough] sorry uh sorry for my throat here sorry for that. Okay. Now if I talk about here the other points that were discussed as I was saying economic survey basically talks about previous year. So here if I talk about guys here also economic survey has highlighted some initiatives or highlighted some surveys which they have

10:56 recently been released like the first advanced estimate that has been released in the month of January that was highlighted here and based on the first advanced estimate they have said that as per the first advanced estimate our private consumption expenditure tk it is going to be it has increased to 61.4%. Then as per that estimate it has been said our real GDP growth is at 7.4%age. 4 percentage which they have said that it would be around 7.2%age for the upcoming 6.8 to 7.2% for the upcoming year. This first advanced estimate has said 7.4%. So that is what they have compared I'm on right track. Then in terms of total exports they have said that obviously along with respect to the different shocks that we've seen still it is said that we have seen a

11:42 record of 825.3 billion US total exports have been witnessed by the government by the country here. Okay. Then another [snorts] important thing that I was discussing with you is regarding the as I was saying the shocks the tariff imposing that has been done by USA here because you know guys if you have seen the newspapers you have seen that it's being consistently from the past many months that USA is rightly imposing tariffs of tariffs on India which somehow is impacting our market somehow is impacting our economy also but the economic survey has added a very important point it said despite being these tariffs that are being imposed on us on us Still we are experiencing a growth in our export sector which is growing by around 2.4 percentage.

12:28 Okay. And our service exports has also increased by 6.5%age that is from April to December 2025. This is the same timeline where we have seen the tariff shocks being implemented. Now if I talk about these sort of statements this is not that much that this is not a point that you have to write down in your answers. This is not a point that you have to cram. the point for your understanding also because if you are targeting the examination so you should have a basic understanding and there might be some students who are appearing for RB interviews or nabad interviews so they should have a proper collected idea because that they can quote these kind of things also so that's why I've said economic survey is not just for objective paper just for descriptive it is for your objective it is as a fer for your descriptive and it will also help you in quoting something for your interviews also because it's an authenticated data

13:14 where the government is presenting itself. Okay. So that's why economic survey plays a very important role. Then comes the next chapter, chapter number two. That was the initial thing that was discussed in chapter number one about state of economy. Then we have our second chapter which talks about the fiscal deficit about how government has performed. Okay. So that's why where fiscal is the thing concerned here. Fiscal talks about government the government developments. Now here look at again the look at the title here. Title is given has anchoring the stability through credible consolidation which means in terms of fiscal dependence we have seen a credible or we have seen a kind of anchoring rule we have seen a kind of credibility in the fiscal government sector that is in context of the deficits that you need to remember here because that's again a

14:00 straightforward question that might be asked to you in terms of these things fiscal deficit revenue deficit and primary deficit now the one common trend that we are observing in all this thing is that guys it is considered consistently showing us a decline which means our fiscal deficit because we have seen a shock at the time of COVID hu now the government said now we are in a position where we have consolidated our fiscal deficit control revenue deficit control or primary deficit control that it is in control so it is 4.8 that is going to think it is estimated to be around 4.4% 4 percentage for the financial year 2526. Now guys, why it is written as budgeted

14:45 estimate? The reason is simple because if you talk about financial year 2526, it is still going on expectation 4.4% close. Okay. Now let's talk about another important thing that were discussed in terms of fiscal deficit that has been done in terms of government initiatives. If we talk about here they have talked about current account deficit. So current account deficit is gained around 0.8%age 8 percentage that is again something capex expenditure that is capital expenditure in terms of the money that the government is investing for creation of new assets new capitals for India there also that has increased to 4%age which shows a sign that yes the government is focusing on creating infrastructure for the country for the growth of the country that is something that has been highlighted here then

15:31 there is depth to GDP ratio it is around 55.7%age and that's something that is important because that is something that was highlighted in economic survey this point here it said that it is going it is expected that the depth to GDP ratio which it is expected it would be around 50%age that is by financial year 31 that is something that can be here then guys income tax filing has also increased because you know the government is promoting the new tax resign so that's where something they have said that as per the reforms taken by the government in terms of direct taxation income tax filing has also increased so we have seen a drastic improvement that's now it It was around 6.9 cr that was approximately 7 cr people were filing the ITR now it is around 9.2 2 cr. Okay.

16:17 [snorts] Then comes an important point here. They're talking about GST reforms. So guys, GST reforms is one of the major initiative taken by the government of India in the previous year. So that has also been appreciated by the economic survey also that based on the economic survey. The shocks that we seeing through government is consistently government has consistently taken some measures where they have worked on GST GST reforms were being done so that liquidation can be enhanced. Okay. So that is something that has been appreciated in the economic survey also. Okay. Now if I talk about here that is something the basics that they have said they said GST collection again it is around it has seen a growth of 6.7%age income test I have already told you I told you centers revenue receives increase to 11.6%

17:03 while the expenditure was rationalized then if I talk about revenue expenditure come from 13.6% 6 percentage to 10.9% and depth to GDP ratio is also reduced by about 7.1% since the 2020 level that is it has said that after the covid shock that has been there now we are somehow on a streamline consolidate that is something they have talked about here okay so I hope guys you guys are getting an idea that what actually economic service talk about if you're getting an idea please do let me know about that also because that will help me because if you guys are coming here so that is the sole goal here that we want to help you in a manner that is the sole

17:50 goal here. Now coming to the next part here that is the next thing that was announced in the previous budget and that has been consistently the help that has been provided by the government is you might have seen interest free loans. So that is being highlighted in the economic survey also that was known as special assistance to the states for capital expenditure SAS SCI scheme. So it has said that the scheme of special assistance to states for capital expenditure is helping so that a long-term assets on interestf free loans can be created. Now here one thing that has been said is that obviously government is pushing up a money which will help the states to create a capital to create assets. That is something that is here but

18:35 service points out that states should be careful. State should be careful on the expenditure [cough] because short-term income. It should not focus short-term income that they're getting. It should not erode the investments on which some medium they should not erode the investments on which inclusive or medium-term medium-term prosperity. So that is something they have warned warned about also. Now that is something that was wrong about the deficit indicator of states here. States revenue deficit it has talk about state system also. So revenue deficit revenue deficit it is

19:22 said that it is around 2.8 capital outlay is around 2.4%age loans and advances 3.2%. So that is something they have said that how states are also focusing on. Okay. So now this data was actually presented this data is actually presented by RBI E states database and that is where they can ask a question here that who actually which specific organization of RBI or which specific organization has released this E states database which is as per the state's budget document. So that is being run by Reserve Bank of India launched by RBI. Okay. So that con uh that brings me to the end of chapter number two also. Now let me talk about chapter number three that is about monetary system. So you can see here how the economic survey goes it flows

20:10 overall government shortterm shortterm monetary policy that is monetary policy system. So monetary policy will talk about here it will talk about banking system it will talk about the financial sector system like seat banking system primarily goal of monetary policy whenever we talk about here is it always talks about the non-performing assets talks about diversification so that is something that we will see here in this specific sector here it has said that it has refined the regulatory touch so what mean somehow regulatory touch has been again brought back here okay now first thing that has been highlighted here is that is in terms of diversification. So it said that year on year the outsourcing credits by schedule commercial banks has enhanced it has enhanced from 11.2%age 2 percentage to

20:56 14.5 percentage here and if I talk about bank credit sector bank how much bank are credit has been given to MSME sector that is something very very important guys because if you look at the previous budget government has specifically focused specifically targeted the MSME sector you can see in the previous sessions if you are if you have read the if you are reading current phase at least let's say you are a veteran as you are reading current phase from past 6 to 7 months you are going for an interview this is something you can see quote in your interviews 21.8%age where that is the bank credit to the MSM sector has enhanced okay now gross

21:42 non-performing asset ratio if I talk about it has again come down that is around 2.2% 2% net non-performing asset ratio 0.5% credit sector the credit outstanding credit for schedule commercial banks has enhanced then it has talked about financial inclusion also guys where they have talked about four important schemes they were PMJDY Patan Matantri Jantina they have talked about PM Swanidi scheme they have talked about PM Mudra scheme and standup India scheme so these four schemes have been talked about here PMJDY the achievement that was set is at 55 crowns have been opened under this scheme. Then they talk about standup India scheme. It said that it is also playing a very important role in providing the money.

22:28 Okay. See veteran aspirant is not an insult. It simply means it's not an insult. Do not take it on that way. My only point that is something that I was quoting you okay so do not take it on that way guys I'm really sorry for that also basically stand up standard scheme it's again playing a very important role because it kind of offers the entrepreneur loans to the SCS women sector okay in the green field enterprise then that or PM scheme because PM scheme is a completely revamped that has taken in the previous

23:15 year that has been quoted here. Then PM U M U M U M U M U M U M U M U M U M U Mudra scheme TKG you might have seen around 36.18 lakh cr rupes have been dispersed under the PM U mudra scheme that has been a thing that has been highlighted here then another major move that has been taken previous year was the RRBs because you say that one state one RB initiative was the biggest move of RBI in the previous year so you will see the whole year things if whole year things you will see here okay now if you see RBs here it is about one state one RB initiative also which said that one state one RB move has now resulted that total RRBs the regional banks in India have reduced from 196 to around 28. Okay that is something a biggest thing that has been said. Then it said public

24:00 sector banks they have launched a credit assessment model that was something that was announced during the previous budget. So that has been finalized. Credit assessment models have been created so that they could evaluate the MSM credit assessment mod economic survey highlight that public sector banks they have launched this model which has sanctioned over 41.15,000 cr rupes. Okay. So 41.5,000 cr rupees across 3.2 two lakh applications have been dispersed also under this specific with this specific model here. Then if I talk about regulatory review cells, so RBA has established a regulatory review

24:46 cells. So that's why you can see here now. Now that is what they are saying. Okay, that's what they are saying. Okay, regulation is also something where they focus this focus on the regulation here. You can see RB launched a regulatory review cell which was system is to basically review every regulations at least once in every five to seven. which is a very very important thing but the point is that whether that regulations are working properly or not that was something that's again being highlighted here micro finance system in

25:31 terms of financial inclusion so that that over the past micro finance sector has displayed a steady growth. That's again something good that our sectors are now tell you then as per the RBS recent financial inclusion index TKG it has said financial inclusion index has also increased to 67 in March 2025 from 64.2 to then if I talk about the insolveny and bankruptcy code also you will see all these things are very very important guys if you're targeting this year exemption you will you will see these terms are seen in use it's a it's a very common thing because IBC regulations RB always takes this thing

26:20 right that's what they're saying performance of the insolveny and bankruptcy code it said S&P global ratings upgraded the insolveny regime of India upgraded from group C to group B that's again something that has been highlighted then it said the rating said that average recovery rates this is a data which is very very important and that is something that can be asked to us in the exams so it has said that the average recovery rates have improved that is around 15 to 20% percentage as per the under the preIBC regime to IBC regime here okay

27:08 and while the resolution timelines have also reduced from 68 years to about 2 years that's a very important thing and that's a straightforward thing that can be asked to us in the examination if you're going for the examination you can see here okay see financial institutions if I talk about Okay, that's the thing here. The document that also highlights that it also highlights a positive trend in the terms of money money sector also it said over 12%. So broad money has seen a positive trend from 12% from around 9% a year ago. That's again a positive thing that has been highlighted here. Then I talk about India's financial ecosystem. It said the we are leading the world in the initial

27:54 public offer insurance. That's again something. And you can see here banking sector done. Now we're talking about the market sector. So you have strengthened the financial ecosystem IPOs in public offer volumes%. Okay. Then it talks about broadening of retail participation in capital markets. So it said that during the retail participation demand accounts to around 235 lakh of demand accounts were added which makes it total to grow beyond approximately 21.6

28:40 The mutual fund industry which we always say mutual fund is something which you might have seen earlier some days some years ago we were not that much I would say mutual fundry expand and we here with around 5.9 cr unique investors at the end of December of which 3.5 cr were from non-tier 1 and tier 2 cities that's again something that you guys can quote in your descriptive answers then depth market obviously corporate bond market has also seen an impressive growth okay where

29:28 around 1.75 okay and issuance of around 117.5 trillion uh to 53.6 approximately% then the highest ever fresh issuances were recorded this year that is something important in context of corporate bonds okay G then guys the depth market account over 63% here seb start key that's again something they can ask you here so they introduce the request for code platform very very important Request for code platform of SEBI was introduced which has a simple thing

30:13 that is for strengthening the governance standards for the credit rating agencies and simplifying the issuance norms here. Then we have FBA foreign portfolio investors. Here again it we have seen an increase here. Then we have gift city. So if you're targeting IFSC examinations important because discussion the gift city has moved up nine places in the global financial center index. A very important thing that can be asked to us where we have now been ranked at 43rd place. Again important this year that has been the thing that has been highlighted here. Then it said in terms of fintech specific ranking in terms of fintech specific ranking we have improved by 10 places where we have

30:58 shown it shows that progress sector that's something that they have said here. Then we have financial sector assessment program conduct IFSA IMF and World Bank have conducted this financial sector assessment program which is important thing there also it has noted that the capital market has expanded from 144%age to 175% that's something which shows that it's that is the economic survey said that we cannot say that the Indian economy is not growing Indian economy is growing absorb that is what they have also said

31:44 that's about chapter number third now we talk about chapter number four which is about external sector export imports export imports so the first thing they have said the total export as I've told you the total export is around US 80825.3 billion now guys I would not say have to remember all the datas but you should have an idea. Service exports alltime high important service export all time India again India is remaining as the world's largest recipient of remittances here foreign exchange reserves around 700 1.4 4 billion which says that now we have a reserve of around 11 month okay 11 month of imports or 94 and 94%

32:31 of external reports that is the depth that is the amount of reserves that we have then there's a discussion that is very important here that is about the WTO's world trade statistics so we have discussed earlier also in the first impression session that global market export has doubled but that is actually when we have looked at economic survey they have said that it is actually the data is coming from WTO's world trade statistics of 2005 and 24. There they have said that India's global exports has nearly doubled from 1% to 1.8 percentage and even our commercial service exports has also doubled that is from 2%age to around 4.3%age. Then as per the UNCAD's trade and development report, we are being ranked as the leading economy in terms of

33:18 diversification of its assets. That's again something they have quoted. Okay, we are ranked third in the global south and global south and in terms of diversity we have a score which is higher than all the global north economies. Now that is in terms of diversification then it said in terms of merchandise state diversity merchandise indicators trade diversity indicators I'm fourth rank okay we are be ranked fourth in the global south okay now this is something they can ask you these countries TC remember the name TCT okay so TCD Thailand China and Turkey so these are the important thing you need to remember here so we in terms of trade

34:05 follow this TCP. Okay. Thailand, China and Turkey here. Then in terms of remittance, obviously we are being ranked as the largest remittances. We have the large received the largest remittance here and that is something we are consistently witnessing. It's not largest remittance level number one. Agriculture exports achievements agriculture exports has also increased from 34.5 billion to around around 51.5 51 billion here. Now there is a very important thing that you need to remember. It said that the export sector in terms of agriculture sector it has said it has a great potential where we could reach around 100 billion of US dollars US 100 billion exports in the upcoming next four years

34:50 where we're combining the all agriculture products like agriculture marine products and food system food and bey sector if I compare here so 100 billion that is something they predicted service exports obviously I always say service sector is something which is a bone of the Indian economy the core of core bone of the Indian economy so it has said it has received an all-time high okay of service exports have witnessed an all-time high of around US 387 billion okay then it said from financial year 2001 to financial year 25 even the pharmaceutical exports have drastically seen an increase where it was just around 2 billion now it is a market of

35:36 around 30.5 billion which is approximately 16fold rise 16 times increase where they have talked about the free trade agreements g which India has signed so that is again something they have said that external shocks were also being managed because India has signed many free agreements so India was not relying on just one countries India has signed many freed agreements like the FTS were signed with Oman TK Oman UK New Zealand land and European just has they have just quoted that India EU discussions are in progress but we know that the deal has been finalized so that's why I've written that also India EU India Oman and it said that the engagements are now continuing along with US Chile and Peru so we are going to we

36:23 are actually in a pro process of or in the process of signing an agreements FTS with United States also Chile also and Peru also so that is something they have said in terms of your external sector Okay. Now guys, we'll talk about next important part that is inflation sector here. How the economy has because we talk about inflation to monetary sector inflation. It said we have recorded the lowest inflation rate since the beginning of the consumer price index series. So you know this year even the CPI the base year for consumer price index is going to change here. But it said that that's a very important thing that has been highlighted. The average inflation is coming at just around 1.7%. Which means inflation is in control. That is something they have highlighted here. Okay. Again that that the same thing I saying

37:10 it said despite there's a volatility in the global economy we are still in the range of our inflation target. So I hope everybody of know what is our inflation target here. Our inflation range is 4% plus minus 2% which means we have a target range of 2% to 6%. It said that we are managing that thing we are managing that thing our in CPI consumer price index inflation is at 5.5%. It is still in the range that is what they have said here. Then coming talk about so that is something they talk about here rural inflation decline remained lower than the urban rate that's something that has said that it said the timely measures which have been taken by the government of India it has

37:55 resulted in control of inflation also some proactive interventions have been taken by the government duty buffer stocks uh food prices control that is something they have talked about here then rationalization of GST rate is again something the important steps taken by the government of India so that the inflation should be in the range here. Okay. Now they have talked about that inflation in milk products remain stable at around 2.6%. Okay. Then this is something that you need to remember here. Kerala and lux. Okay. They are the two states which are very very important.

38:51 Kerala breach breach breach breach that's the target of 6%. So they have breached that target. Okay. Then Delhi and Himachel Pradesh on the other hand were typically below the national average inflation which means their inflation rate was less than 2%age to DH DH lower high range that is something you need to remember here. Then the global header inflation has also declined that is what they have talked about here. So now guys we will talk about sector specific chapters one by one. Let's talk about first agriculture sector. What agriculture sector is in store for us. Okay. So as of now I hope you are getting the flow here because I have

39:36 just get the same names. Let's talk about agriculture sector here. Obviously the first thing that we have discussed is the growth rate of agriculture sector that has been said that it's around it's a little bit dipping here but on the other hand it said that the productivity in agriculture sector has seen a growth here it said the average annual growth rate in the agriculture sector has seen a growth rate of 4.4%age 4 percentage which is a good sign. Here it said the livestock sector has seen a growth rate of around 195 195% here marine sector has seen a growth rate of 140%age in the previous decade that is something to

40:22 remember datas 2014 say 24 that is in the previous ticket they have said that there has been a drastic change here then the food production has also enhanced that is around 253.4 4 lakh metric t of woodland production has been done. So that's an increase that has been seen here. And one thing very very important guys that is there is hoticulture sector. So it has said that culture has played a very very important role in terms of the overall gross valition from the agriculture sector where it has it has contributed around one/ird 33%age of the overall gross valition that has been done from agriculture sector has been done by horiculture sector. That's a very important thing that you need to remember here. Okay. Gatgure

41:10 sector grew at 3.6% higher than 2.65% but again average growth rate livestock sector I've already discussed with you. Horticulture I've discussed with you. Now this is something very very important very very important. If you are preparing for the examinations guys this is something where the examiner hits us. going for Nabad going for any other agriculture based examination these rankings are very very important very very important so I'm look largest producer important very important largest producer dry onion okay dry onion where we are contributing nearly 25%age of the global output very very important

41:57 we are the second worldwide okay in terms of production of vegetables, fruits and potatoes again something okay VFT vegetable fruits and potatoes we are ranked at the second largest producer here okay that's something important where we're actually contributing from 12 to 13%age of the global production in terms of oil seeds if I talk about here here also we have seen that is as per the national edible oil mission also from between 2014 15425 the area under the oil seeds has increased increase from around 18 percentage to nearly about 31 percentage. That is something they have quoted here also. Okay. Then talks about irrigation

42:42 purpose here. Obviously irrigation area there the gross irrigated area has enhanced from 41.7%age to 55.5 55.8% 8% approximately 56%age per drop more crop program of per drop more crop scheme was being discussed where it said that with 55% financial assistance for small and marginal earners small and margin farmers and 45% for other farmers even at the term of micro irrigation it has also played a very important role in increasing the irrigation area then we have market support so they have said they have talked about agriculture infrastructure fund scheme guys you know these are the common schemes of agriculture which we have discussed also if you are new here. Obviously I have taken we have a government scheme session government schemes playlist

43:31 infrastructure fund scheme PMan scheme this they have talked about here. So AF they have said that is a very important scheme where the government has a role basically for creating infrastructure here depth financing infrastructure and marketing support enhancement then if I talk about price and income support the unit budget it said that announced the predetermined principles of MSP at one point MSP discussion the state level innovations have said that uh Andhra Pradesh has launched the Andhra Pradesh reservey okay reservey project which is about land service using drones. So this talks about the Andhra Pradesh reseri

44:18 because they can ask you question Bihar la la la la la la la la la la la la la la la la la la la launch muky mantri kit mukantry same kit charikasa to develop the char lands of agriculture then Madhya Pradesh market reform initiative Andhra Pradesh E farmer market platform here then in terms of technology of Karnataka's fruit platforms were discussed that's important here. Karnataka's fruits platform has been discussed which is a unified farmer database supporting the direct benefit transfer minimum support price procurement and crop service

45:07 agree service similarly sort of thing has done a fruits platform which is a unified database they are creating here okay then Jan has launched the GI based climate smart agriculture system agrees tax scheme 24 has been launched so that a farm level tracking and climate information can be provided. So this is what they have talked about the initiatives taken here. Then we have chapter number seven services sector here services sector is one of the core actor here guys because service sector obviously I've told you the share of service sector is the highest so it is around 53.6%age 6 percentage of the GDP is the share of our service sector and as per the first and the mass estimate it is now going to 56 4 percentage here then another important

45:54 data India is the world's seventh largest exporter of services which is contributing around 2% okay 2% 4.3% that is about the service exports of the world here then software services it has accounted for nearly 40% percentage of the service export. So you always seen our technicians grow software engineers 40% of total service exports software engineers. Okay. Then another important thing if I talk about here so that I have already discussed there is a bond growth approximately all the major subsegments have also witnessed a growth rate of 9.9%age

46:41 here TK service sector shares the highest have a growth rate highest GVA of 56.4%age 4 percentage here TKG then that is again important services accounted for 51.7%age of net EPF employment additions also that is something EPFO employment 51.7% tourism is a major sector major job engine which has recorded around 8.46 4 is crude direct jobs have been provided. Direct and internet jobs are provided under the tourism sector. So these are things I have already discussed with you. TKG largest CCP and T for that I have already discussed with you detected the strong uh investment

47:29 inflow. So gross investment is around at 18.5% of GDP in financial year 25 or South Asia largest FD recipient. Okay that is something that is again important for us. Okay. Then if I talk about foreign exchange we have already discussed guys. External left I have already discussed with you. So these are the points that I have already discussed in context of service sector. already we are among that country among that place stronghold India accounted for just 0.69 69 percentage of global external depth. Okay, which is low external sector risk. That is something they have highlighted

48:15 here. We are ranked fourth globally in terms of green investment topology startup third largest number I think part of startup ecosystem investment or space sector 2% India space sector accounts for about 2% of the global space market also that we talk about investment part also yeah industry sector I'm discuss further on okay industry and investment sector I discuss about next chapter that is chapter number eight let's talk about industries here so industries we know that MSM is are going to be talked about

49:01 here it said MSM is micro small and medium enterprises they are now accounting for approximately 48.58%age of exports 31% of GDP and 35.4%age 4 percentage of manufacturing that is something very very important because this is where we are consistently focusing from the past few years then around 7.47 47 cr enterprises are provided employment selfline India fund has been launched 682 MSM is key again in terms of by providing them investment that is around rupes 15,442 cr rupees here okay g then if I talk about industry growth again industry growth we already discussed it is around 7% here manufacturing growth accelate

49:46 which is around expanding to 7.72% very very important point. MSM is our India's second largest employer after agriculture. A straightforward question can be asked. These are the type of datas which are important. I will not say you have to cram every data but these sort of datas which sector is contributing maximum in a sector. here contribute tourism service MSM is the second largest employer after agriculture and globally it accounts for about 90% of the business and over 50%age of the employment here now another important thing that was highlighted was India contributed about

50:32 2.9%age of the global manufacturing of gross value addition and 1.8%age 8%age of the global merchandise exports that I've just discussed with you. Okay. Then important thing that was discussed was TK G in terms of pharmaceutical industry. So we are the third largest by volume very important that's a part of bio economy also because when you talk about bio3 policy that we are the world's third largest by the volume here then they have talked about that is approximately 20% of global genetic demand medicines we are actually meeting that thing that's why that is the thing that is pharmaceutical sector strong second largest

51:18 in terms of global producer of steel and cement and the third largest in pharmaceutical sector. Okay, that we have discussed just now also. Then it said PLI schemes, productional and incentive schemes they had have also uh resulted in attracting around an investment of 2 lakh creread electronic sector. So electronic sector has emerged as the third largest export category in the preceding three years mobile phone manufacturing have also been asked. mobile phone manufacturing that is something that is important for us and that is where we India's electronic sector also so rapid increase seventh largest exporter

52:03 that was in financial year 22 now in this year just in 3 years we are now the third largest exporter of electronic items that is again something that has been a kind of we can talk about growth okay so this sector sector is led by mobile manufacturing sector. Mobile manufacturing is a important playing an important role here. Okay. CH then semiconductors also you might have seen recently Indian semiconductor mission was seen in news. We are now to we are now kind of creating semiconductor fabrication systems in India because we know we'll talk about AI further also for AI semiconductor plays a very important role. So that is why they have said that as of August there are 10 semiconductor manufacturing

52:49 and packaging projects which have been approved across six states which means we are somehow talking about the modern trends also that's what they are highlighting here now let's talk about my next chapter chapter number nine that is investment infrastructure sector investment infrastructure sector if I talk about here so in terms of infrastructure sector now you will see all the things that we have seen in the past 5G connectivity so they have highlighted that it said that The teley density has reached approximately 86.7 percentage where now you can see 5G services are now available in approximately 99.9% of the districts of the country that is a reality you might see you talk about 5G service master in terms of providing connectivity

53:43 investment sector infrastructure density India's energy sector has also shown a dramatic increase here where now you see 49.3% approximately 50% renewable energy we are third globally in overall renewable energy sector that is the thing we have installed a solar capacity of third renewable energy installed number after the session concluded rankings important rankings please note down those rankings okay and we'll have

54:30 a session tomorrow also on the important points 50 most important points I'm discuss but then also I will say third ranked we ranked third in renewable energy And in the installed solar capacity third rank installed solar capacity point capacity fourth number we are trying fourth in print in so 3 R and fourth W. Okay. Then comes the important part here. So we are the largest recipient of public private investment. PPI public

55:18 private investment public private partnership public private PPI investment. So we are the largest recipient of PP investment in South Asia which is accounting for over 90% of the region's total private investors. Private sorry private infrastructor that's what they're saying then capital expenditure has increased nearly 4.2 times that is from 2.63 cr to 11.21 21 lakh cr rupees here that's about capital expenditure again

56:04 something good that I've told you in the beginning also that capex is a very important role okay then you can see here national highway sectors national highways that is what they're saying national highways infrastructure national highway network which is about approximately 60%age kg that's a thing here then India has emerged as the world's third largest domestic aviation market again something important we are ranked has the world's third largest domestic aviation market. Okay. Where the number of airports have also increased from 74 to now 164. That's again something important. And here it has talked about little bit about RCSN also regional connectivities

56:49 in terms of ports also. So in terms of meeting the nearly global standards we now have seven seven ports which are among the top 100 in the World Bank's container port performance index. Again important. Okay. So we have seven uh ports which are among the top 100 in the World Bank's container port performance index. Okay. G infrastructure sector. Next sector environment say environment they have not talked this much about this year. They have not talked about that much about environment this year. They have talked focused primarily on investment infrastructure economics.

57:38 So they have said that environment and climate change we are now working on a road because we are working on a road towards resilient competitiveness and de competitive development initiative where they have highlighted the mission life initiative TKG because we have adopted that initiative mission life lifestyle for environment where we have adapted mitigated and behavioral changes we want to change here. Then it said India is taking mitigation uh actions by phasing renewable diversifications. We are focusing on that thing and the prime example of that was given the green hydrogen and the nuclear power bill that is known as Shanti act that has recently been introduced. Then we have national critical mineral mission that was announced previous year. So they have highlighted about that also. In that thing if I talk about here they have said that India's climate adaption

58:25 India's climate adaptation and resilient related domestic spendings they have also enhanced from 3.7% to 56% or global surpass 50% target that's a part of our punch target that's a part of my punch target here okay sh then proceeding further on now we'll talk about the important things they have discussed. They have talked about in terms of critical mineral they have talked about this initiative of Kabil that is Khan Videsh India Limited said that it has acquired around 15,000 hectares in Argentina for lithium mining along some partnerships in Australia and Chile critical mineral minings critical

59:10 minerals are required we have focused there then uh in terms of climate financing that is nearly accounting we counting nearly 80% of the total flows currently around 83% % of India's finance for mitigation and 98% of finance for adaptation is sourced within India that is something that has been highlighted here sovereign green bonds we have launched a sovereign green bond of 15,000 cr rupes in the previous financial year okay then the survey has highlighted the urban local borders of Indor Gazyabad Ahmedabad Vodra they have also issued green bonds TKG in line with the savage green bond so green bond was something that was highlighted here.

59:55 Now moving towards my next chapter, chapter number 11 that is education and health sector here. So education sector if I talk about here education they have primarily talked about that what is the uh impact of talk about what is the outcome that we have seen from national education policy. So it said that 95.4%age as per the national education policy 95.4% 4% of we have seen a gross enrollment ratio 95% at preparatory stage 90% at the middle stage and 68.5%age at the secondary stage which is a kind of showing that now even we are enrollment is also getting higher here world largest school system operate approximately 25 approximately 24.69 69 cr students schooling provide and we are

1:00:43 supporting around 1 cr teachers in India. As for the periodic labor force survey also it has said that there was a limited coverage of training here which was only 0.97%age of 14 to 18 years initutional skilling almost 92% 100% FD allow then the same thing student enrollment has also enhanced from 4.33 cr to 4.46 and four is scored here. Then national credit framework was also being discussed which is a framework being set up for blending of academic and skills. How academics and skills based learning can be provided. So for that purpose this initiative was highlighted

1:01:30 academy of credit covers 2660 higher education institutions in India and approximately 4.6 cr IDs have been issued 2.2 Aparid have been issued apar basically first apar is known as one student one ID it's a concept of one student one ID similar like aadhaar it's aar for the school students that you can see here that we can say okay to that you can see here guys isawa we have 23 IM and along with that we have established international campus also that was at IIT campuses have been established at Zanzibar that is in and in Abu Dhabi TKG

1:02:18 then health if I talk about here so there the prime objective in health was that the maternal mortality rate infant mortality rate TKG has reduced the mortality rate has reduced here okay and it has reduced its maternal mortality rate by 86%age which is far above far above the global average of 48%age if I talk about our under five mortality rate there also We have seen a decline of 78%age in the past three decades if three and a half decades if I talk about here G surpassing the global reduction of 61 percentage and 70% decline in the national mortality rate. That's again something in terms of mortality rate also we have witnessed a growth here national family health 24%

1:03:04 of Indian women and 23% of Indian men are overweight or obese that is something a concern concern we are witnessing obesity prevalence of excess weight among children under five has also has also risen from 2.1% approximately 3.4% So that's what they have talked about the system. So I have already talked about these things basically highlight okay G ch then comes my next chapter that is employment sector here okay employment

1:03:50 and skilling here. So in terms of employment and skilling as if I talk about it as highlighted for periodic labor force service recent findings one of the important thing that was highlighted in the employment sector was basically about the new labor codes that have been introduced. So you know the four new labor codes that the government has officially now introduced that is from November 25. So they have highlighted that thing also. Along with that they have said that the share of individuals who have acquired some form of vocational technical training has also increased from around 8.1%age to now 34.7%age Indians are having some sort of basic trainings here. Okay. Then this national apprenticeship promotion scheme, national apprenticeship technical scheme if I talk about here again

1:04:37 around 43 lakh apprentices have been engaged here. Okay. Then if I talk about further that the things that were discussed here. Okay. So they have talked about eam portal. It said 31 cr unorganized workers got registered on the HRM portal. Then approximately over 2. Code vaccinations have been or sorry vacancies have been mobilized to the national carrier service center. Then labor codes declining. This is a decline of unemployment rate and there is a stabilization as per the in the labor force participation rate has been seen here. Then if I talk about they have talked about yeah about the economy they have

1:05:24 talked about the four labor codes where they have said that now there's a recognition of gig workers also. So you might have seen that there is a third code on social security which talks about the definition of gig workers. So they said the gig economy has encompassed here or informal transitions to ecosystem from 77 lakh workers to approximately 120 lakh workers. That's a kind of an increase we have seen in the gig economy here. Gig economy. Now I want to see how many of you know what is gig economy. Tell me guys what is gig economy.

1:06:09 H what is gig economy? Can you tell me what is gig economy gig economy gig workers simple okay so that's what they have discussed here then NPS manage NPS said that that approximately we have 211 approximately 2 cr 11 lakh persons we have subscribers to the NPS and they are managing the assets of around 16.1 cr rupees here then compound annual growth rate if I talk about here TKG has increased a compound growth rate of 37.3%age has been witness here similar to APY subscriptions have also grown

1:06:56 that is of 43.7% health insurance sector the survey further states that there is a shift now what we're witnessing is that non-life insurance segment specifically Health insurance is accounting for approximately 41%age of the domestic premiums which is a kind of basic thing they have set which have overtaken the motor insurance which means now in terms of leading business in terms of insurance sector health sector is playing a very important role here okay then the insurance segment if I talk about here TKG the life insurance segment still is playing a very important role because it is a dominating sector here okay which is holding 91% of the total assets is under management

1:07:42 total max insurance sector non-life sector number one number one overall life number one life then comes to my next chapter chapter number 13 rural development here rural development obviously multi-dimensional poverty index PM scheme key VBG RJ so we know the scheme that has replaced here about multi-dimensional poverty index that said it has declined from 55.3%age to 11% here social service expenditure

1:08:30 has also grown that's around 12 12% here expenditure on education has also inh percentage age 8% uh then if I talk about further also guys take G they have talked about the revised international poverty line of the world bank they said that the revised the world bank has revised the international poverty line that is that from dollar2.15 to dollar3 that is what they have said and said that as per that thing in terms of extreme poverty line we have just 5.3%age population in terms of the lower middle income poverty we have 24%

1:09:15 population here okay G then if I talk about they have talked about the rural schemes like Graham Saraki TKG aas yoja gramin has been implemented which her jan mission swamitwa scheme are being talked about so all the schemes which has focused on the rural development like village mapping housing judge LG mission talks about rural functional household tab water connection and then we have GR solution for providing connectivity here. So the other things that were being discussed here okay now guys these last three chapters are very very important. So as of now the things that I've discussed okay it actually talks about what has the government done in the past year that was the highlight here because you know

1:10:01 guys it's an economics it's a very important or very big document main points I tried to brought all the important points in front of you now comes a very important thing these last three chapters what has been the things that have been proposed by the economic survey. So first thing they have proposed is about artificial intelligence. They said that artificial intelligence should not be taken or should not be treated as the technology here. AI should also be treated as an economy. AI economy role that is the need we want. The first thing they have said is do not think about AI as a technology. We know AI is the need of an hour. Everything is

1:10:46 based on AI. And they have said they have said that many states have utilized the artificial intelligence costs through like health diagnostics have been done here. Your logistics Mrs. What ultimately they are doing is they are actually helping us in building a strong economy. That is the thing that has been talked here also that is evolution of the AI ecosystem in India which is a way forward here and you can see the first thing here AI as an economic strategy do not take it as a prestigious technology

1:11:32 do not as an economic strategy for us the thing that they've said they said that we have to reiterate our strategy okay where we should not talk about the Premature locking systems. Premature systems enhance we have to build a coordination. The first thing so these three things are very very important. Coordination capacity and then we have a proper binding policy system. We have a proper policies here which would further allow the institutions and the market so that they could evolve themselves.

1:12:23 economic strategy. We have to set up some certain systems also. Okay, we have we require some certain obviously we require a human capital because obviously we have to train we have to skill the persons that was a thing that was discussed in previous also economics AI based workforce human where they first talked about the local ingenuity in India. They have said that we are already following a bottomup approach. local investors, municipal

1:13:10 bies, local startups which you can also the communities GK G they are residing they said AI has been used in multis sectoral applications like health system agriculture education sector okay like health agriculture education urban management okay now there's an important thing that

1:13:56 was highlighted here they said that there's a use of noninvasive AI system also early breast cancer screenings low system like oral cancer screening devices are being brought they are being designed by AI here then AI enabled agriculture networks market system discovery logistic system then India's approach to a adoption should also include the initiative language translator is there AI for bhat initiative which is developed by IIT Madras okay ABC language and voice based system AI it's a language and first AI

1:14:41 system extend the reach of digital services AI mission or scale up where we could find up the solutions related to infrastructure governance frameworks funings can be done then in terms of governance system they have said that there should now be a proper AI economic council for India that should be set up. So we have to set up an AI economic console system for India. Now it's a very important thing they have said. So let's try to understand that thing there should be an AI economic concept it is not just with a technological impal

1:15:31 that is something and you will see that thing has been highlighted in the 16th chapter final chapter of this economic survey also socialities Okay. Then that's an important thing. It said this specific economic council should be focusing on some core governance principles. There are core governance principles should be there. What are these? These are the five core principles they have highlighted in the economic cell. What are they? They said they should be human primacy and economic purpose. Human primacy means it should be used for an economic purpose. Human primacy and economic purpose. Second, it should be labor market and sensitivity. It should be labor market sensitivity design

1:16:16 sequencing over the speed here. Evolution of technology and human capital here public interest safeguard the importance public interest safeguard and ethical the AI system that you're going to choose it should be in ethical way you should use. So that are the these are the five parameters they have set that based on

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