Centre’s revenue receipts rose to 9.2% of GDP in FY25 (provisional), while gross non-performing assets fell to a multi-decade low of 2.2% as of September 2025. Financial inclusion expanded further, with 55.02 crore bank accounts opened under the PM Jan Dhan Yojana by March 2025, including 36.63 crore in rural and semi-urban areas.
Union Budget 2026 LIVE: Economic Survey Calls for Converged Policy Decisions Ahead of Budget
The Economic Survey 2025–26 was tabled in Parliament on Thursday. The Survey projects India’s GDP growth at 6.8–7.2% in FY27, underpinned by strong macroeconomic fundamentals and a series of regulatory reforms. It also lays out a strategic vision for navigating a global economy strained by a tougher US tariff regime.
Union Finance Minister Nirmala Sitharaman will present the Union Budget for FY27 on February 1, Sunday. This will be her ninth consecutive Budget, placing her second only to former Prime Minister Morarji Desai, who presented ten. The traditional Halwa ceremony—marking the final stage of Budget preparations—was held on January 27 at North Block. As is customary, the Economic Survey has set the narrative tone for the Budget. This year’s Survey calls for strengthening domestic economic capacity by aligning fiscal, monetary, and industrial policies to better navigate an uncertain and volatile global environment.
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Union Budget 2026 LIVE: Snapshot of India’s Economic Health
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India’s share in global merchandise exports increased from 1% in 2005 to 1.8% in 2024, while services exports hit a record $387.6 billion in FY25, growing 13.6%. The country remained the world’s largest recipient of remittances, with inflows of $135.4 billion in FY25. Foreign exchange reserves rose to $701.4 billion as of January 16, 2026, covering about 11 months of imports and 94% of external debt.