Find the current affairs of 3 February 2025. Stay updated with the most important news and events that have occurred on this day. Our daily current affairs updates are carefully curated by GK and Current Affairs experts, ensuring that you receive accurate and relevant information to enhance your competitive exam preparation.
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Highlights of 3 February 2025 Current Affairs
- Finance Minister Nirmala Sitharaman presented the Economic Survey 2024-25, showing India’s economic performance. It’s shared a day before the Union Budget to highlight key trends.
- India’s GDP is expected to grow by 6.4% in FY25, with a growth range of 6.3-6.8% in FY26. This suggests a stable economic outlook despite global challenges.
- Agriculture is expected to grow by 3.8%, Industry by 6.2%, and Services by 7.2%. These numbers show strength in various sectors of India’s economy.
- Exports grew by 1.6%, while imports increased by 5.2%, widening the trade deficit. This shows the need to boost exports and reduce imports.
- Retail inflation fell from 5.4% in FY24 to 4.9% between April and December 2024. This drop is a good sign for the economy and consumers’ purchasing power.
- FDI inflows grew by 17.9% to USD 55.6 billion in FY25, showing that more investors are confident in India. This supports job creation and growth.
- India is the top recipient of remittances, helping to reduce the current account deficit to 1.2% of GDP. This strengthens India’s financial situation.
- The RBI will inject ₹1.50 lakh crore into the banking system to help with liquidity shortages. This will ensure smooth financial operations.
- India is considering a Bharat Sovereign Wealth Fund to manage national wealth and boost long-term growth. It could help make India’s economy stronger.
- Himachal Pradesh approved a pilot project for controlled cannabis farming. This could create new jobs and boost the local economy.
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