New Delhi: Prime Minister Narendra Modi on Thursday said the Economic Survey 2026 reflects steady economic progress despite a challenging global environment, and provides a clear roadmap for strengthening manufacturing, improving productivity, and accelerating India’s journey towards becoming a Viksit Bharat.
In his remarks, the Prime Minister said the survey presents a comprehensive picture of India’s reform driven growth path. He noted that it highlights strong macroeconomic fundamentals, sustained growth momentum, and the expanding role of innovation, entrepreneurship, and infrastructure in national development. The survey, he added, also places strong emphasis on inclusive growth with focused attention on farmers, micro and small enterprises, youth employment, and social welfare.
Finance Minister Nirmala Sitharaman tabled the Economic Survey of India 2025–26 in the Lok Sabha earlier in the day. The document reviews economic performance during the current fiscal year and provides an outlook for the next financial year, along with medium term growth expectations.
According to the survey, India’s economy is projected to grow between 6.8 percent and 7.2 percent in the next fiscal year. While this projection is marginally lower than the estimated growth for the current year, the survey underlines the resilience of the economy amid persistent global uncertainty. It identifies easing inflation, improved health of the banking sector, strong external buffers, and a recovery in manufacturing activity as key factors supporting the outlook.
The survey projects India’s medium term growth potential at around 7 percent and notes that the coming year will involve adjustment as the economy adapts to changes in taxation and other structural reforms. It also observes that the valuation of the rupee does not fully reflect the strength of India’s economic fundamentals.
Several policy focused recommendations have been highlighted, including reshaping work conditions for gig workers, strengthening manufacturing competitiveness through free trade agreements with Europe, and adopting a disciplined approach to Swadeshi that balances self reliance with global integration. The survey also flags potential risks from over optimism around artificial intelligence driven productivity gains.
On the social front, it suggests reducing excessive reliance on online education tools and calls for age based safeguards on social media use. It also notes that prices of precious metals such as gold and silver are likely to remain firm due to continued global demand for safe haven assets.
Overall, the Economic Survey sets out a cautious yet confident outlook, reinforcing faith in India’s long term economic trajectory.
