Economic Survey 2026, Jan. 29 -- India's inflation rate - headline and core excluding precious metals - will likely be higher in FY27 than in FY26. However, we believe it is unlikely to be a concern, the Economic Survey 2025-26, tabled in Parliament on January 29, stated.

The Survey highlighted that headline inflation has already moderated sharply in the current fiscal and is projected to stay within the Reserve Bank of India's target band of 4% ±2% over the medium term.

For FY26, the Survey noted that the RBI revised its headline inflation projection downward to 2.0 % in December 2025, from an earlier estimate of 2.6 %, citing a strong kharif harvest and healthy rabi sowing. In parallel, the International Monetary Fund (IMF) proje...