New Delhi buzzes with optimism as Finance Minister Nirmala Sitharaman hailed India’s economy as a beacon of stability amid global turbulence. In a recent post on X, she spotlighted the Economic Survey’s robust findings, projecting a real GDP growth of 7.4% for FY 2025-26. This marks the fourth consecutive year positioning India as the fastest-growing major economy.
Under Prime Minister Narendra Modi’s visionary leadership, India’s economic foundations have solidified like never before. Despite worldwide uncertainties, the nation has navigated challenges adeptly, sustaining high growth trajectories above 7%. Sitharaman emphasized the government’s commitment to fiscal consolidation without compromising on development ambitions.
Fiscal deficit targets for FY26 stand firm at 4.4%, a testament to prudent financial management. Capital expenditure has surged nearly 89% since FY22, reaching an impressive Rs 11.21 lakh crore in the upcoming budget. This push has elevated effective capex from 2.7% of GDP pre-pandemic to 3.9% post-crisis, fueling the creation of assets that power an ambitious economy.
Infrastructure leaps are evident: the national highway network has expanded by nearly 60%, from 91,287 km in FY14 to 1.46 lakh km by FY26. This expansion has slashed logistics hurdles, boosting efficiency. In banking, the GNPA ratio of scheduled commercial banks hit a multi-decade low of 2.2% in September 2025, while post-tax profits jumped 16.9% in FY25.
The Economic Survey underscores a strategic shift from ‘Make in India’ to ‘strategic imperative,’ ensuring global buyers prioritize Indian products instinctively. Government initiatives focus on deregulation and bolstering manufacturing, setting India on a path of sustained prosperity and global leadership.