New Delhi, Jan. 29 -- The government needs to play an entrepreneurial role, taking smart risks in emerging areas rather than merely making the rules, the Economic Survey 2025-26 said, pitching for an overhaul of government's role and bureaucracy's mindset. It added that the private sector needs to acknowledge that India's ascent will not only be commercial but will also have geopolitical implications.

The survey said policymaking should be centred around an entrepreneurial spirit, with the government taking the lead in situations of uncertainty, shaping the economic trajectory. It said the government must be a problem-solving innovator and risk taker.

Under such an approach, the state acts before certainty emerges, structures risk rathe...