The Economic Survey of India, one of the most crucial documents in a country's developments, for the fiscal year 2024-25 has been tabled in the parliament.

The annual report prepared by the Ministry of Finance under the supervision of the Chief Economic Adviser (CEA) for the ongoing fiscal year of 2024-25 or FY25 was tabled in the Lok Sabha by the Finance Minister of India, Nirmala Sitharaman.

One of the key highlights in the report is the expected GDP growth rate in FY26, the next fiscal year. As per the report, India is expected to attain a growth rate of 6.3 - 6.8 per cent in FY26.

This comes at a time when the country's GDP has slowed down significantly in the recent past. In Q2, the Indian GDP slumped to 5.4 per cent, one its lowest in the recent past.

Furthermore, as per the economic survey, India's retail inflation will align progressively with the target of RBI's threshold of 4 per cent.

In addition, the report also talks about near-term global growth rate, which is expected to be slightly lower than trend level.

As a result of this the country's trade outlook for the new fiscal year remains uncertain.