New Delhi, Jan. 31 -- Finance Minister Nirmala Sitharaman presented the Economic Survey 2024-25 in Parliament today, outlining India's economic trajectory and policy priorities.

Notable external factors influencing India's economic environment include major democratic elections, European economic instability, China's economic deceleration, and US dollar strength.

The banking sector demonstrates remarkable improvement, with the Gross Non-Performing Assets ratio of Scheduled Commercial Banks reaching a 12-year low of 2.6 percent by September 2024.

While the Insolvency and Bankruptcy Code has positively impacted banking sector health, the survey notes ongoing concerns regarding delays in insolvency resolution processes.

On the inflation ...