New Delhi, Jan. 29 -- India enters the second half of the 2020s with macroeconomic stability, resilient growth, and robust financial systems, according to the Economic Survey 2025-26. Yet beneath these reassuring numbers lies a far more demanding reality: India's challenge is no longer merely economic management, but the creation of state capacity capable of navigating a fragmented, technology-driven, and geopolitically fraught world.
The survey was tabled by union Finance Minister Nirmala Sitharaman in the Lok Sabha here on Thursday.
The Survey lays out India's economic evolution in three deliberate stages: import substitution, strategic resilience, and strategic indispensability.
Import substitution, familiar from past decades, aimed a...