From GDP to exports to semiconductor mission, what the Economic Survey highlighted

Kolkata: The Economic Survey that finance minister Nirmala Sitharaman presented in the Parliament on Jan 29 said real GDP growth for the current financial year is going to be 7.4% while GVA (Gross Value Added) will grow at 7.3%. The survey stated that the numbers corroborated "India’s status as the fastest-growing major economy for the fourth consecutive year."

It also said that the private final consumption expenditure rose by 7.0% in FY26 and came to constitute 61.5% of GDP -- the highest level since 2012. The survey mentioned the trijunction of low inflation, rising real purchasing power and stable employment. It also mentioned the contribution of robust agricultural performance which helped a revival of rural consumption and tax rationalisation (read GST rejig) helping urban consumption.

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"Investment activity strengthened in FY26, with Gross Fixed Capital Formation growing by 7.8 per cent and its share remaining steady at 30 per cent of GDP. This momentum was buoyed by sustained public capital expenditure and a revival in private investment activity, as evident from corporate announcements," read the Econiomic Survey.

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