A comprehensive picture of India’s Reform Express: PM on Economic Survey

The PM said the survey 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,” he said.

The survey projected that India’s economy will grow by 6.8-7.2 per cent in the fiscal year starting April, reaffirming the country’s status as the world’s fastest-growing major economy despite trade risks and global volatility clouding the outlook.

As per National Statistics Office estimates, the Indian economy has grown at 7.4 per cent in the current fiscal, reinforcing India’s status as the fastest-growing major economy for the fourth consecutive year.

The survey has also raised the country’s potential growth forecast to 7 per cent from the earlier projection of 6.5 per cent estimated three years earlier.

Earlier, addressing the media outside the Parliament House, Prime Minister Narendra Modi said that the India-EU trade deal was an opportunity for Indian manufacturers to not just earn money but win hearts, thereby enhancing the brand of their companies and the country. In his address outside the Parliament House, he said that the beginning of the second quarter of the 21st century marked the beginning of an important phase for India to become a developed nation, underlining that this was the time not for obstruction (‘vyavadhan’) but for finding solutions (‘samadhan’).  “The FTA of India and the European Union shows how bright the future of India’s youth is. This is free trade for ambitious Bharat, aspirational youth, and Aatmanirbhar Bharat…” Modi said.