India's economy is expected to log a 7 percent growth for a sixth consecutive year, according to the Economic Survey released on January 29. The survey pegged growth for the coming year between 6.8 and 7.2 percent, highlighting that while there was need for caution it did not need to give way to pessimism.
The government should not move to provide quick fixes to short term pressures but choose to build resilience and provide impetus to innovation to stay the course towards Viksit Bharat, it noted. On the inflation front as well, the Survey noted that it was expected to be benign even if it rises to target levels.
Survey pegs another 7% growth for the economy in FY27
Inflation is unlikely to be a concern
Services sector continues to be a major pillar
Especially when it comes to jobs
India’s cities need to match global peers
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.