Union Budget: FM Presents Economic Survey For 2026-27, Expects GDP Growth From 6.8% To 7.2%; Key Highlights

Finance Minister Nirmala Sitharaman has tabled the economic survey for 2026-27 financial year on January 29, 2026, ahead of the key Union Budget announcement on February 1.

The Economic survey for FY27 predicts India's GDP growth in the range of 6.8% to 7.2% for the next fiscal. This is lower compared to the earlier estimate of 7.4%.

The survey 2026 document said, "Although the President of the United States announced reciprocal tariffs of 25% on India in April, India was expected to strike an early agreement with the US administration and lower them. So, in August, when the American President announced an additional penal tariff of 25% on most of India's merchandise exports to the United States on top of the reciprocal tariff of 25% announced in April, it surprised many since India was expected to be one of the early winners in the new tariff regime of the United States."

"Growth forecasts were revised downward. But in reality, growth accelerated due to a slew of structural reforms and policy measures," the survey added.

Furthermore, under the survey, the government has pinned their hopes for a AI bloom. It added, "If the AI boom fails to deliver the anticipated productivity gains, it could trigger a correction in overly optimistic asset valuations, with the potential for broader financial contagion."

Additionally, they said, "a protraction of trade conflicts would weigh on investment and further weaken the global growth outlook. These forces collectively suggest that downside risks to global growth remain prominent, although a fragile stability holds for now."

Watch Here Full Economic Survey Speech At Lok Sabha: