Economic Survey 2024-25: Services, debt improve external situation

Services, debt improve external situation

 

Economic growth may stabilise at 6.3-6.8 per cent in FY26, according to the Economic Survey. Services and debt have made the external situation less vulnerable even as the global environment remains uncertain.   

 

Workforce skills remain a concern

 

Unemployment rates in urban and rural areas have declined. However, the education and skill landscape remains a concern, with over 90 per cent of the workforce having at most secondary education, leading to a dominance of “low-competency occupations”­. Skill disruption due to AI looms large.