India’s Economic Survey 2024-25 has projected a growth rate of 6.3% to 6.8% for the upcoming financial year 2025-26. This comes amid an overall outlook of economic moderation after the high growth rates of previous years. The government has indicated that it plans to implement strategic reforms to encourage industrial growth and innovation, particularly by investing in research and development (R&D), micro, small, and medium enterprises (MSMEs), and capital goods.This would help India enhance productivity and global competitiveness. However, key challenges, including global uncertainties and domestic risks like weather disruptions and rising commodity prices, remain as the government prepares to present its budget for the financial year 2025-26.As Finance Minister Nirmala Sitharaman gets ready to deliver the eighth consecutive budget on February 1, the focus will be on addressing the slowing growth rate while managing fiscal prudence.
