India’s Economic Survey Projects 7.4% GDP Growth; Food Sector Eyes Supportive Budget

India’s economy continues to show resilience, with the Economic Survey 2026 projecting GDP growth at 7.4%, higher than last year’s estimates. Finance Minister Nirmala Sitharaman tabled the survey in Parliament, describing the outlook as a “Goldilocks moment” of high growth and low inflation.

The survey sets the stage for the upcoming Union Budget 2026, where industry stakeholders, particularly in the food sector, are expecting supportive measures to sustain momentum. With rising consumer demand and export opportunities, the sector is calling for reforms that enhance competitiveness and rural incomes.

Key Highlights:

• GDP Growth: India’s economy projected to expand at 7.4% in FY26.
• Inflation: Survey notes historically low inflation, supporting consumption.
• Food Sector Expectations:
• Tax incentives for food processing units.
• Infrastructure push for cold chains and logistics.
• Export promotion schemes to tap global demand.
• Rural employment generation through agri-linked initiatives.
• Policy Outlook: Survey emphasizes “caution, not pessimism,” urging balanced fiscal management.

The Economic Survey underscores India’s strong fundamentals while highlighting the need for targeted reforms. The food industry, a key driver of rural growth, awaits a growth-oriented Budget to unlock its full potential.

Sources: Mint, Economic Times, India Today