CII on Economic Survey
Statement by Mr Chandrajit Banerjee, Director General, CII, on the Economic Survey 2025–26
Welcoming the Economic Survey 2025–26 presented in Parliament today, Mr Chandrajit Banerjee, Director General, CII, stated “the Survey offers a pragmatic, professional, and well-articulated assessment of India’s macroeconomic conditions at a critical juncture. Drawing on extensive data, it sets out a clear medium-term reform and growth agenda aligned with the Viksit Bharat vision.”
“CII concurs with the Survey’s assessment of India’s growth outlook, with the projected growth rate of 6.8–7.2 per cent in FY27 appearing realistic amid global uncertainties and external headwinds. It is our sense that with moderate level inflation, we can be looking at double digit nominal growth, which should help augment revenues and therefore, have a moderating effect on borrowings. That would further ease pressures on real interest rate thus triggering a virtuous cycle.”
“It is heartening that the Survey underscores the unifying role of state capacity, society, and deregulation in advancing India’s development and strengthening its global influence. Reflecting this, the medium-term potential growth of Indian economy has been upgraded to 7%, up from 6.5% three years ago. This is also very welcome in a fractured world where such kind of sustained growth would be a stand out feature.”
“We find the Survey’s thrust on the requirement of the state machinery to evolve into an ‘entrepreneurial state’ by building deeper system-level institutional capacity and adopting entrepreneurial policymaking to support growth with job creation, as an imperative, which needed emphasis.”
“CII fully supports the Survey’s articulation that a competitive India must emerge as a global manufacturing hub. Anchored in the Industry’s Next Leap framework, the Survey highlights innovation, skill development, world-class infrastructure and logistics, and MSME scaling as key drivers of a high-productivity manufacturing economy, closely aligned with CII’s vision of a competitive India.”