PM Modi on Economic Survey 2026: Presents picture of India’s reform, reflects steady progress

Prime Minister Narendra Modi on Thursday lauded the Economic Survey 2025-26, describing it as a comprehensive reflection of India's reform journey and steady progress amid global challenges. He emphasised the Survey's focus on macroeconomic stability, innovation, and inclusive development for farmers and youth.

The Economic Survey, typically presented ahead of the Union Budget, was tabled in the Parliament by Finance Minister Nirmala Sitharaman on Thursday, 29 January, during the Budget session.

Sharing Sitharaman's post on X, Modi wrote, “The Economic Survey tabled today presents a comprehensive picture of India’s Reform Express, reflecting steady progress in a challenging global environment. It highlights strong macroeconomic fundamentals, sustained growth momentum and the expanding role of innovation, entrepreneurship and infrastructure in nation-building.”

He added, “The Survey underscores the importance of inclusive development, with focused attention on farmers, MSMEs, youth employment and social welfare. It also outlines the roadmap for strengthening manufacturing, enhancing productivity and accelerating our march towards becoming a Viksit Bharat. The insights offered will guide informed policymaking and reinforce confidence in India’s economic future.”

Earlier, FM Sitharaman praised Modi's leadership, under which she said India's macroeconomic fundamentals have remained strong.

“We have successfully navigated global headwinds to place India on a high-growth trajectory, improving our potential GDP growth to 7%,” she said.

What is Economic Survey?

The Economic Survey is the Government of India's annual report on the state of the economy. It offers a detailed analysis and review of the previous fiscal year, the upcoming year, growth indicators, inflation forecasts, and the outlook for employment, trade, and the country's fiscal health.

What are the key themes of Economic Survey?

The Economic Survey usually covers GDP growth trends, inflation and monetary policy, the fiscal position, performance of the external sector, social indicators such as employment, health, education, and other special chapters on emerging themes.

Highlights from Economic Survey 2026

• In FY 26, India's growth is projected at 7.4% as per the first advance estimates released this month.
• The Indian economy is projected to grow by 6.8-7.2% in FY27, driven by strong macro fundamentals and a series of regulatory reforms, according to the Economic Survey 2025-26.
• It estimates real GDP growth for FY27 to be between 6.8% and 7.2%. “The outlook, therefore, is one of steady growth amid global uncertainty, requiring caution, but not pessimism,” it said.
• The International Monetary Fund (IMF) forecasts 7.3% growth in FY26 and 6.4% in FY27, and the World Bank predicts 7.2% in FY26 and 6.5% in FY27.
• Subdued inflation has impacted nominal GDP growth, with initial estimates suggesting 8% growth for this fiscal year, below the budgeted10.1%.