Taking these considerations together, the Economic Survey projects real GDP growth in FY27 in the range of 6.8-7.2%.”“The outlook, therefore, is one of steady growth amid global uncertainty, requiring caution, but not pessimism,” it added. The two multilateral agencies expect the economy to grow 6.4% and 6.5%, respectively, in FY27, slightly more conservative than the projections by the Economic Survey. Experts said that while real GDP growth rate of 7.4% is achievable for fiscal 2026, growth may moderate a bit in the next fiscal over the high base. Subdued inflation has weighed on nominal GDP growth which is measured at current prices and does not adjust for inflation. In the 2016-17 Economic Survey, then chief economic adviser Arvind Subramanian proposed a universal basic income.

Source: Mint January 29, 2026 10:12 UTC