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