The growth projection has taken into consideration the cumulative impact of policy reforms over recent years that appear to have lifted the economy’s medium-term growth potential closer to 7 per cent
New Delhi: The Economic Survey on Thursday projected the GDP growth in the range of 6.8 to 7.2 per cent in 2026-27, a tad lower than 7.4 per cent estimated in the current fiscal.
“The outlook, therefore, is one of steady growth amid global uncertainty, requiring caution, but not pessimism,” said the pre-Budget document tabled in the Lok Sabh by Finance Minister Nirmala Sitharaman on Thursday.
This estimate is marginally lower than the 7.4 per cent growth projected for the current financial year, signalling a modest slowdown.
The growth projection has taken into consideration the cumulative impact of policy reforms over recent years that appear to have lifted the economy’s medium-term growth potential closer to 7 per cent.
“With domestic drivers playing a dominant role and macroeconomic stability well anchored, the balance of risks around growth remains broadly even,” it said.
The survey comes ahead of the Union Budget, which will be presented by FM Sitharaman on February 1. The Budget session of Parliament started on January 28.