New Delhi, Jan. 30 -- In a global economy marked by heightened volatility, it is tempting to judge a country's external strength through the narrow lens of daily currency movements or fluctuations in capital flows. This narrow view, however, obscures deeper structural realities, co-writes Chief Economic Advisor (CEA) V Anantha Nageswaran. Economic Survey 2025-26 encourages a longer-term perspective, asserting that external stability is not determined by episodic inflows but by the structure of the economy, he says. P12...