India Stands Strong on the Growth Front as Major Global Economies Face Slowdown: Economic Survey 2025–26
At a time when the world’s major economies are experiencing slowdown or economic stress, India continues to maintain a strong position on the growth front.
India’s economic expansion is primarily driven by domestic demand and consumption, which has helped the country remain resilient despite global shocks and uncertainties.
Presenting the Economic Survey 2025–26 in Parliament on Thursday, Finance Minister Nirmala Sitharaman stated that the Indian economy remains robust.
The survey projects India’s economic growth rate at 7.4 percent for the current financial year.
Looking ahead, amid ongoing economic reforms, the Gross Domestic Product (GDP) growth for the next financial year is expected to remain in the range of 6.7 to 7.2 percent.
According to the survey, the country’s overall economic condition has improved across multiple sectors, including agriculture, inflation management, foreign exchange reserves, banking and financial governance, infrastructure development, employment, and investment.
The report highlights that India has emerged as the world’s fastest-growing major economy for the fourth consecutive time.
Lower inflation has strengthened people’s purchasing power, leading to higher consumption and spending.
The investment climate has also shown improvement, with positive momentum in the industrial sector.
In recent times, the manufacturing sector has witnessed notable reforms, contributing to a visible recovery in manufacturing activity.
India’s Position Remains Strong Globally
In the global economic landscape, India appears more stable and balanced compared to the United States, Europe, and China.
United States:
While the US economy has avoided recession, its growth pace remains extremely limited.
Major challenges: Trade tariff wars, high interest rates, persistent inflation, and rising government debt.
China:
China is facing a structural economic crisis and is currently going through a phase of slowdown.
Major challenges: Trade tensions with the United States, a deep real estate crisis, weak domestic demand, and rising unemployment.
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