BS EDIT: In a fragile world: Economic Survey enables informed debate

By Business StandardPublished On Jan 30, 2026

A Survey shaped by global uncertainty

The Survey expands its scope to reflect rising global uncertainty and shifting economic realities

Growth momentum stronger than expected

GDP growth is estimated at 7.4% in FY26, with potential growth revised up to 7%

Strong fundamentals, but no insulation

India’s macro strength helps, but global shocks can still affect capital flows and the rupee

Lowering the cost of capital is key

Cheaper capital, rather than import protection, is vital for capital-intensive growth

Fiscal consolidation needs a broader base

Weak state-level fiscal discipline underscores the need to realign fiscal rules

Medium-term choices will define resilience

The Survey frames key debates on AI, cities, trade and state capacity