Prime Minister Narendra Modi spoke ahead of the Budget session in the Parliament, hailing the financial reforms expected this coming fiscal year. President Droupadi Murmu kicked off the first day of the Budget session in the Parliament on Friday, hailing the growing Indian economy and government’s progress in passing reforms. Shortly after President Murmu’s address at 11 am, Union Finance Minister Nirmala Sitharaman will table the Economic Survey 2025 in the Lok Sabha and the Rajya Sabha separately. The Finance Minister will present the Union Budget on Saturday for the eighth consecutive time.
The Budget session 2025 is expected to kick off on a stormy note with Opposition parties demanding a discussion on the alleged mismanagement at the Maha Kumbh festival in Prayagraj where 30 pilgrims were killed in a stampede. Another point of contention between the Centre and opposition is expected to be the Waqf (Amendment) Bill. Further, the government is expected to table 16 bills in the first half of the Budget session, which is set to conclude on February 13.
What is the Economic Survey 2025: The Economic Survey is a pre-budget document presented by the finance minister in the Parliament, giving a detailed assessment of the current state of the Indian economy and its future in 2025-26 fiscal year. The document will be tabled in Lok Sabha at 12 pm and in Rajya sabha at 2 pm. The document is expected to provide an assessment of the key developments like slowing growth, declining value of the rupee against the US dollar, and subdued consumption demand. The survey outlines the developments in the economy and various sectors, in addition to providing an outlook for the next financial year.