The Growth Path

Economic Survey Presents a Realistic Assessment

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The Economic Survey, prepared by economists in the Union Ministry of Finance, led by Chief Economic Advisor V Anantha Nageswaran, makes it clear that the Indian economy may not continue to grow at the high rates witnessed over the past few years. The Survey has projected the economy will grow between 6.3 per cent and 6.8 per cent in 2025-26. This financial year, according to the first advance estimates of the National Statistics Office, the economy is expected to grow by 6.4 per cent, compared to 8.2 per cent last financial year. Notably, the last Economic Survey projected the growth rate for this financial year to be 6.5-7 per cent. The growth outcome is estimated to be close to the lower end of the range. The overall assessment of the economic conditions in the Economic Survey appears realistic. The growth rate for next financial year may again be close to the lower end of the projected range, though the outcome will depend on, among other things, policy interventions, starting with the Union Budget, to be presented on Saturday.