India's Growth Pegged at 6.3%-6.8% in FY26

Economic Survey 2025 Live: Finance Minister Nirmala Sitharaman presented the Economic Survey 2024-25 today (January 31, 2025). The Economic Survey presented comprehensive report prepared by the Economic Division of the Department of Economic Affairs (DEA), Ministry of Finance, under the supervision of Chief Economic Advisor (CEA). It includes the data of Indian economic growth and sectoral developments of current financial year along with outlook for the next fiscal year. FM Sitharaman will present her eighth budget (six annual budgets and two interim budgets) for the Narendra Modi led NDA government on February 1.

Focus Should Be on EV Policy Stability

"There is some need for reassurance in terms of longer term policy direction, especially given the uncertainty between FAME II withdrawal and PM e-Drive. We expect most of the focus to be around public transport and conversion of maximum number of travel kms to electric vehicle (EV) rather than just getting EVs on road," said Subhabrata Sengupta, Partner, Avalon Consulting.

"The only area where industry has a demand is uniform 5% GST across battery and EV. However, this would mean clear distinction between EV batteries and other types of batteries. However, focus should be on policy stability rather than shiny new policies every budget," Sengupta added.