<h1>India Urged to Balance Financialisation to Avoid Economic Instability, Warns Economic Survey 2024-25</h1> India must carefully manage financialisation to prevent economic instability, as highlighted in the Economic Survey 2024-25. The survey warns against the dominance of financial markets, which can lead to excessive debt and asset bubbles, as seen in advanced economies. For India, a low-middle-income country, the costs of financialisation could be particularly high, potentially exacerbating inequality and overly influencing public policies. While the Indian financial sector has performed well amid geopolitical challenges, the survey emphasizes maintaining a balance between financial development and financialisation to achieve its economic goals by 2047. The rise in consumer credit and non-bank financing are notable trends.