Parliamentary proceedings unveiled promising economic tidings with the Economic Survey 2025-26 estimating 7 percent GDP growth for FY2027—a step up from 6.5 percent levels three years back. This projection, amid persistent global challenges, spotlights the power of homegrown reforms and public spending.
Finance Minister Nirmala Sitharaman’s Lok Sabha presentation emphasized transformative infrastructure gains. Over ten years, airport count has doubled; inland water freight has accelerated, slashing logistics hurdles and elevating economic performance.
Inflation’s core remains tethered, save for gold-silver swings and food volatility, reflecting matured supply chains, expanded manufacturing, and superior logistics. Deregulation at states is propelling SMEs into formal realms, fortifying growth prospects.
Central fiscal strategies exemplify equilibrium: nurturing development while honoring financial health. Deficit management teaches that precise goals with adaptive policies best serve growth in volatility.
The 2021-22 budget’s multi-year fiscal consolidation to under 4.5% GDP by 2025-26 prioritized capex, avoiding growth-compromising austerity. As world geopolitics evolve, impacting trade and investments, India eyes resilience via innovation and ‘Viksit Bharat’ vision.
Chief Economic Adviser V. Anantha Nageswaran lauded the survey’s figures, signaling India’s alignment with astute economic choices.