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Growth outlook hinges on an uptick in capital stock
Financial Express Ahmedabad
|January 30, 2026
THE ECONOMIC SURVEY 2025-26 outlines the current economic outlook and medium-term prospects.
The Survey indicates optimism for the economy, with sustained economic growth exceeding 7%.It takes into consideration global uncertainties, even as it projects a stable global output growth of 3.3% for 2025 and 2026—better than earlier expectations—though the balance of risks remains tilted to the downside.
The sectoral composition of growth, however, remains largely unaltered, with the manufacturing share stagnating at around 18% at constant prices. In nominal terms, this share has moderated to 12.8%, as the relative deflator for manufacturing has remained low.
The projected 7% growth is contingent upon capital stock growth of 7.6% and total factor productivity growth of 1.9%.
This story is from the January 30, 2026 edition of Financial Express Ahmedabad.
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