In a boost to economic optimism, the Economic Survey 2025-26 forecasts India’s GDP to expand by 7 percent in fiscal year 2027, up from 6.5 percent three years ago. Presented in Parliament on Thursday, the report attributes this projection to resilient domestic policies weathering global storms.
Government-led reforms and investments have built a sturdy economic foundation. The survey, tabled by Finance Minister Nirmala Sitharaman, celebrates infrastructure leaps: airports doubled in a decade, inland waterways revolutionizing freight transport, and logistics costs plummeting.
These enhancements have streamlined operations across sectors, enhancing productivity. On inflation, the document notes control over core rates despite food price swings and precious metal volatility, crediting robust supply systems and production boosts.
State-level deregulation is a game-changer for SMEs, fostering their formal sector integration and unlocking future growth avenues. Fiscal prudence shines through, with balanced policies ensuring stability without stifling development.
Drawing from deficit control experiences, the survey advocates medium-term fiscal roadmaps over rigid annual targets. This approach protected capex investments, vital for long-term progress, as pledged in the 2021-22 budget to hit sub-4.5% deficit by 2025-26.
Geopolitical tensions demand strategic patience from India—strengthening capabilities, embracing innovation, and committing to ‘Developed India’. CEA V. Anantha Nageswaran pointed to survey data as evidence of India’s wise policy path.