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ARTICLE · 09 FEBRUARY 2026

India Economic Survey 2026

The Survey predicted that there is a 10-20% chance of a systemic shock - that may cause a repeat of the 2008 financial crisis in 2026. Financial and technological geopolitical stresses will promote one another.

IndiaStrategy

FOREWORD

The Indian Economic Survey presents a detailed analysis of our economy's performance during FY 2025–26, reaffirming that India stands for stability in a world that is increasingly complex, volatile, and uncertain. The Survey projects a growth trajectory of 6.8% to 7.2% for FY 2027, anchored in a strategic shift from traditional 'Import Substitution' to 'Strategic Indispensability'.

A prominent theme in the Survey is the government's continued progress toward a data-driven taxation mechanism. India has advanced from an enforcement-led model to one centred on data-driven compliance, supported by NUDGE - Non-intrusive Usage of Data to Guide and Enable - which aims to influence taxpayer behaviour rather than rely on enforcement or litigation. This transition has led to a widening of the tax base, with income tax returns filed rising to 9.2 crore in FY 2025.

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