Highlights of the Economic Survey 2025-26

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%

• FY27 growth projection lower than 7.4% growth estimated for the current fiscal

• Projects medium-term growth potential at 7%, 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% 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.