The Confederation of Indian Industry supports the Economic Survey 2025–26’s forecast of India’s growth rate at 6.8–7.2% in FY27, considering it realistic amidst global uncertainties. The industry body predicts double-digit nominal growth for India with moderate inflation, which is expected to boost revenues and reduce borrowing, easing pressure on real interest rates.
CII appreciates the increase in India’s medium-term potential growth to 7%, up from 6.5% three years ago, highlighting the country’s sustained robust growth in a turbulent global scenario. Chandrajit Banerjee, Director General of CII, praised the Economic Survey for its professional assessment of India’s macroeconomic conditions and its alignment with the Viksit Bharat vision for reform and growth.
The survey emphasizes the importance of state capacity, society, and deregulation in advancing India’s development and global influence, a sentiment echoed by CII. The industry body endorses the survey’s call for the state machinery to adopt an entrepreneurial role, emphasizing the need for deeper institutional capacity and entrepreneurial policymaking to enhance India’s competitiveness.
The Economic Survey underscores the necessity for India to become a global manufacturing hub, focusing on innovation, skill development, and top-notch infrastructure, as per CII’s Industry’s Next Leap framework. It notes that household, firm, and bank balance sheets are healthier, public investment is supportive, consumption demand is strong, and private investment intentions are on the rise.
