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Economic Survey Signals Reform Momentum and Resilient Growth, Says PM Modi

Prime Minister Narendra Modi has welcomed the latest Economic Survey, stating that it reflects India’s steady economic advancement and sustained reform agenda even as the global economy faces persistent uncertainty. According to the Prime Minister, the document captures how long-term structural policies, fiscal prudence and institutional strengthening are gradually reshaping the country’s growth trajectory.

The Survey outlines how government-led initiatives in infrastructure expansion, digital governance and manufacturing incentives are helping improve productivity and attract investment. Large-scale transport corridors, logistics upgrades and urban development projects have created a supportive ecosystem for businesses, while digital platforms for taxation, welfare delivery and public procurement have enhanced transparency and efficiency. These reforms, Modi noted, are laying the foundation for durable and inclusive economic progress rather than short-term gains.

The Prime Minister also highlighted India’s ability to maintain macroeconomic stability in a turbulent global setting marked by geopolitical tensions, high interest rates and uneven recovery across major economies. He pointed to controlled inflation trends, improving export competitiveness and strengthening financial institutions as signs that the economy is navigating external pressures with resilience. Continued focus on capital expenditure, he added, has played a key role in stimulating demand and crowding in private investment.

Emphasising the importance of human capital and innovation, Modi said the Survey reinforces the need to invest in skills development, research and entrepreneurship. Programmes supporting start-ups, renewable energy deployment and emerging technologies are expected to further broaden India’s growth base while generating employment opportunities across regions.

Concluding his remarks, the Prime Minister described the Economic Survey as both a reflection of progress already made and a roadmap for the years ahead. He stressed that cooperative federalism, policy predictability and stakeholder participation will remain central to India’s reform journey, enabling the country to pursue high growth while safeguarding economic stability in an increasingly complex global environment.

Economic Survey Underscores India’s Reform Path and Economic Stability: PM Modi

Prime Minister Narendra Modi has described the latest Economic Survey as a clear reflection of India’s reform-driven development model and its ability to maintain steady economic momentum in a complex and uncertain global environment. At a time when many economies are grappling with slowing growth, inflationary pressures and geopolitical disruptions, the Survey presents India as a country strengthening its fundamentals while pursuing long-term structural transformation.

According to the Prime Minister, the document does not merely present statistics but tells a broader story of institutional change, policy consistency and rising confidence among domestic and global investors. He noted that sustained reforms in governance, infrastructure, finance and manufacturing have begun to yield visible results, helping the economy remain resilient even during external shocks.

Key Themes Highlighted in the Economic Survey

The Survey focuses on several pillars that continue to shape India’s economic direction. PM Modi pointed out that these elements together create a stable platform for future growth rather than temporary expansion.

1. Commitment to Structural Reforms

India’s reform agenda has centred on simplifying regulations, improving ease of doing business and strengthening market institutions. Digital systems for taxation, business registration and compliance have reduced red tape and enhanced transparency. The Survey notes that these measures have improved efficiency across sectors and made India a more attractive destination for long-term investment.

2. Infrastructure-Led Growth Strategy

Public investment in highways, rail networks, ports, airports and logistics hubs remains a major driver of economic activity. According to the Prime Minister, such projects not only generate employment in the short term but also lower transportation costs and boost productivity over the long run. Enhanced connectivity between industrial clusters, rural markets and export gateways is helping businesses expand operations and integrate into global supply chains.

3. Macroeconomic Stability in a Volatile World

Despite global uncertainties, India has maintained relative stability in inflation management, fiscal consolidation and financial-sector health. The Survey highlights prudent budgeting, improved tax collections and calibrated public spending as tools that have helped protect the economy from excessive volatility. PM Modi stressed that maintaining these balances is essential to safeguarding growth while ensuring long-term sustainability.

4. Manufacturing and Self-Reliance Initiatives

Schemes encouraging domestic manufacturing and value addition have played a central role in strengthening industrial capacity. The Survey indicates progress in electronics, pharmaceuticals, renewable energy equipment and defence production. Modi said such initiatives are not about isolation but about building competitive domestic industries that can serve both local and international markets.

Resilience Amid Global Headwinds

The Prime Minister emphasised that the Survey arrives at a moment when the world economy continues to face headwinds such as geopolitical conflicts, fluctuating energy prices, supply-chain disruptions and tightening financial conditions in several advanced economies. In this backdrop, India’s steady growth trajectory stands out as evidence of strong domestic demand, improving infrastructure and expanding digital adoption.

The Survey also draws attention to India’s diversified export base and efforts to deepen trade partnerships with multiple regions. By reducing overdependence on any single market and encouraging services exports, manufacturing shipments and technology-driven industries, the country is positioning itself to withstand external slowdowns more effectively.

Focus on Inclusion and Human Capital

Another major theme highlighted by PM Modi is inclusive development. The Survey outlines how social welfare programmes delivered through digital platforms have improved targeting and reduced leakages, ensuring that benefits reach intended recipients. Investments in housing, sanitation, healthcare and rural connectivity have strengthened living standards while expanding economic participation.

Skill development and education remain central to the reform narrative. The Prime Minister noted that the Survey reinforces the need to equip young Indians with capabilities relevant to emerging industries such as artificial intelligence, green energy, data analytics and advanced manufacturing. Start-up ecosystems, incubators and innovation hubs are also helping translate ideas into commercially viable enterprises, generating jobs and technological leadership.

Sustainability and the Green Transition

The Economic Survey places significant emphasis on climate resilience and sustainable growth. PM Modi highlighted India’s push toward renewable energy, electric mobility, green hydrogen and energy efficiency as part of a broader effort to balance development with environmental responsibility.

The document points out that investments in solar and wind power, alongside policy support for battery storage and clean fuels, are creating new industries while reducing dependence on imported fossil fuels. These steps, the Prime Minister said, demonstrate that economic expansion and environmental stewardship can advance together.

What the Survey Suggests for the Road Ahead

Looking forward, the Economic Survey outlines several priorities that will shape India’s economic strategy in the coming years:

• Sustaining capital expenditureto modernise infrastructure and crowd in private investment.

• Deepening financial marketsto improve access to credit for small businesses and entrepreneurs.

• Strengthening state–centre cooperationto ensure uniform reform implementation across regions.

• Promoting innovation and researchin cutting-edge technologies.

• Maintaining fiscal disciplinewhile continuing targeted social spending.

PM Modi said these focus areas will help India remain agile in responding to global developments while pursuing its long-term ambition of becoming a developed economy.

Conclusion

In his assessment of the Economic Survey, Prime Minister Modi framed it as both a progress report and a strategic guidebook. He argued that India’s experience over recent years shows the value of consistent policymaking, institutional reform and forward-looking investment in people and infrastructure.

As global conditions remain unpredictable, the Survey projects confidence that India can continue moving ahead through stability, innovation and inclusive development. With reforms gaining depth and public investment supporting private enterprise, the Prime Minister concluded, the country is steadily building the foundations for sustained prosperity in an increasingly challenging world economy.