India's Economic Survey 2026, presented to Parliament today, projects a real GDP growth rate of 6.8% to 7.2% for fiscal year 2027. This projection, outlined in the annual review of the Indian economy, indicates a resilient economic outlook despite persistent global uncertainties. The survey was prepared by the Department of Economic Affairs under the guidance of the Chief Economic Advisor and published by the Ministry of Finance. It offers a detailed analysis of India's current economic standing and the government's perspective on the path ahead.
The Economic Survey anticipates a slight moderation from the 7.4% growth expected in FY26. This robust growth in the current fiscal year is attributed to strong investment, a thriving manufacturing sector, and the impact of rate cuts. The Indian economy has demonstrated remarkable progress, now standing as the world's fourth-largest, having surpassed a GDP of $4 trillion.
Authored by Chief Economic Adviser V. Anantha Nageswaran, the Economic Survey 2026 serves as a comprehensive report card on the nation's economic performance. The survey meticulously examines the performance of various sectors, including agriculture, industry, services, and infrastructure. It also tracks key macroeconomic indicators such as GDP growth, inflation, fiscal deficit, and trade balance.
The Economic Survey is traditionally divided into two parts. Part A provides an overview of major macroeconomic developments and the overall economic outlook. Part B offers a data-driven analysis of specific socio-economic issues, including health, education, climate change, and employment.
The Economic Survey is a key document that precedes the Union Budget, offering context and direction for upcoming budget decisions. Released a day before the budget presentation, it sets the stage by highlighting significant trends, challenges, and priorities for the coming financial year. The survey plays a crucial role in signaling the government's long-term reform strategies and is a valuable resource for researchers and policymakers alike.
