Economic Survey
Key
highlights of
Indian economy
to grow at
6.3-6.8 pc in FY26, against
6.4 pc in FY25
India’s economic fundamentals robust, backed by calibrated fiscal consolidation, stable consumption
Risks to inflation remain on account of significant global political, economic uncertainties
Country needs to improve its global competitiveness through
grassroots-level structural reforms
Forex reserves
at $640.3 billion, sufficient to cover 10.9 months of imports and
90 per cent of external debt
Forex reserves
at $640.3 billion, sufficient to cover 10.9 months of imports and
90 per cent of external debt
Service-oriented Indian economy vulnerable to
automation
, impact of AI is magnified for India given its size and its relatively low per capita income
India needs to grow by 8 per cent on average for about
a decade or two to become a developed nation by 2047
Focus of reforms, economic policy must now be on systematic deregulation
Need to develop the manufacturing sector further and invest in emerging technologies such as AI, robotics, and biotechnology