Economic Survey 2025, Jan. 31 -- India's economy is expected to grow between 6.3% and 6.8% in FY26 as fundamentals of the economy remain strong, but needs sustained growth of close to 8% a year for at least for a decade to become a developed nation by 2047, said the Economic Survey 2024-25 tabled in Parliament on Friday.

"The fundamentals of the domestic economy remain robust, with a strong external account, calibrated fiscal consolidation and stable private consumption. On balance of these considerations, we expect that the growth in FY26 would be between 6.3% and 6.8%," said the Economic Survey, authored by Chief Economic Advisor V Anantha Nageswarana and his team.

India's GDP is projected to grow at a four-year low of 6.4% in the cur...