New Delhi, Jan 29: Following are highlights of the Economic Survey 2025-26 tabled by Finance Minister Nirmala Sitharaman in Parliament on Thursday.
* GDP growth for next fiscal pegged at 6.8-7.2 pc
* FY27 growth projection lower than 7.4 pc growth estimated for the current fiscal.
* Projects medium-term growth potential at 7 pc, economy on a path of steady expansion amid global uncertainties
* GST rejig, reforms converted global uncertainty into opportunity; FY27 to be a year of adjustment as economy adapts to these changes
* Survey cautions against broader financial contagion if the AI boom fails to deliver the anticipated productivity gains, which may lead to a correction in overly optimistic asset valuations
* Rupee valuation does not accurately reflect India’s stellar economic fundamentals
* External environment remains uncertain, India needs to be cautious, but there is no reason for pessimism
* Govt remains well on track on envisaged fiscal consolidation path, aims to attain fiscal deficit target of 4.4 pc of GDP in FY26
* FY27 inflation is likely be higher than the current fiscal, but unlikely to be a concern
* Survey pitches for policy to reshape terms of work for gig workers
* FTA with Europe will strengthen India’s manufacturing competitiveness, export resilience and strategic capacity
* Pitches for implementing ‘Swadeshi’ as a disciplined strategy, says not all import substitution is either feasible or desirable
* Swadeshi is inevitable and necessary in the wake of export control and technology denials by developed nations
* Survey calls for a ‘National Input Cost Reduction’ strategy
* Pitches for progressing from ‘Swadeshi’ to ‘strategic indispensability’ so that the world moves from “thinking about buying Indian” to “buying Indian without thinking”.
* Prices of precious metals, both gold and silver, are likely to continue increasing due to their sustained demand as safe-haven investments amid global uncertainties.
