Economic Survey Charts Steady Growth Path For India Despite Global Uncertainty And US Tariff Shocks

New Delhi : The Economic Survey presented by Union Finance Minister Nirmala Sitaraman in the parliament on Thursday projected the GDP growth in the range of 6.8 to 7.2 per cent in 2026-27, lower than 7.4 per cent estimated in the current fiscal. "The outlook, therefore, is one of steady growth amid global uncertainty, requiring caution, but not pessimism," said the pre-Budget document tabled in the Lok Sabha.

 

The Survey projected a wide ranging blueprint for India's medium and long-term growth, beginning with an assessment of the state of the economy and moving through fiscal consolidation, monetary management, inflation control, and the external sector. It highlights how reforms, infrastructure expansion, stable macroeconomic fundamentals and sectoral resilience across agriculture, services, industry and MSMEs are strengthening productivity, competitiveness and investment, even amid global uncertainty.

 

According to the Economic Survey, when US doubled down on tariffs against India, it sent shockwaves through markets and forced a sharp rethink of growth expectations. Yet, contrary to early fears, the Indian economy defied predictions, gathering momentum on the back of sustained structural reforms and policy-driven resilience.