Eco Survey FY26 growth projections realistic, apt policies can improve further: EY's Srivastava
D K Srivastava, Member, Advisory Council to the 16th Finance Commission, said on Friday. Srivastava, who is the Chief Policy Advisor in EY, also said policymakers will face tough challenges to achieve the goal of Viksit Bharat by 2047 as it would require 8 per cent annual growth for up to 2 decades.
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In an interview with PTI, Srivastava said the GDP growth projections made in the Economic Survey 2024-25 are «realistic».
The range of GDP growth is lower than last year. The survey has projected 6.3-6.8 per cent growth for FY26 against 6.5-7 per cent projected for FY25.
«If you compare the mid-points of the range of GDP growth projections for two years, there is a slight deceleration that the 2024-25 Survey is hinting. The midpoint for FY25 growth was 6.75 per cent, while for FY26, it is 6.55 per cent. There is a slight downward trend and with appropriate policies, these can be improved further,» Srivastava said.
As per advance estimates of the NSO, the growth in the current fiscal is estimated at 6.4 per cent — the lowest in four years.
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