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The Indian economy is expected to go high at a rate of 6.3% to 6.8% in the financial year 2025-26 (FY26), as per the Economic Survey 2024-25 tabled in Parliament today by our Finance Minister Nirmala Sitharaman.
This survey, which was released ahead of the Union Budget, highlights major domestic economic fundamentals, a decreasing unemployment rate, stable inflation, and the need for further reforms to sustain growth momentum. "The fundamentals of the domestic economy remain robust, with a strong external account, calibrated fiscal consolidation and stable private consumption. On balance of these considerations, we expect that the growth in FY26 would be between 6.3 and 6.8 per cent," the Economic Survey stated.
The projected GDP growth of 6.3% to 6.8% will be the most low since 2020-21—the Covid year—when India recorded a contraction of 5.8%. In comparison to that, the GDP growth was 9.7% in 2021-22, 7% in 2022-23, and 8.2% in the previous fiscal year.