Highlights of Economic Survey 2025-26
Economic Survey reveals reasons for India's economic growth
Chief Economic Advisor (CEA) V. Anantha Nageswaran explained that the growth of the Indian economy is supported by strong domestic fundamentals, including consumption and investment.
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What are the indications in the Economic Survey 2026?
The Economic Survey 2026 indicates strong domestic demand and that price pressures will ease considerably by the 26th financial year (FY26).
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Has inflation declined?
On the inflation front, CEA Nageswaran emphasized that price pressures have eased considerably.
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Has fiscal deficit been reduced?
The CEA further explained that the fiscal deficit (the difference between government spending and revenue) as a percentage of GDP has consistently decreased over the past few years.
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What is the revenue growth report?
The CEA stated that revenue performance has been robust, supported by consistently strong collections and an expanding direct tax base.
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Is there an Increase in number of taxpayers?
The number of taxpayers increased from 6.9 crore in FY22 to 9.2 crore in FY25. This reflects improved compliance and formalization of the economy.
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What is the impact of GST changes?
Significant changes have been indicated in the indirect tax system, i.e., GST. The government is moving towards a two-slab system (5% and 18%) under GST 2.0.
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What is the revenue growth report?
The CEA stated that revenue performance has been robust, supported by consistently strong collections and an expanding direct tax base.
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Is there an Increase in number of taxpayers?
The expansion of the tax base has also been significant. The number of taxpayers increased from 6.9 crore in FY22 to 9.2 crore in FY25.
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What does the increase in number of taxpayers indicate?
The increase in the number of taxpayers reflects improved compliance and formalization of the economy.
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How much has inflation declined?
According to the Economic Survey 2026-27, inflation decreased to 4.7 percent in FY25 and reached 1.7 percent in FY26 (up to December).
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