India's economy is likely to continue its sluggish pace of growth next fiscal year weighed down by global risks, according to a finance ministry report that has called on states to pursue business reforms to boost economic activity.

Addressing the slowdown in the economy, CEA Nageswaran pointed out that India ‘still remains the fastest growing large economy in the world’.

India's economy is projected to grow steadily, with necessary policy management to tackle global headwinds. The Economic Survey emphasizes the potential for reaching a developed nation status by 2047,

GDP growth rate of India is expected to be between 6.3% and 6.8% for the financial year 2025-26. The Economic Survey predicts a decline in food inflation in the last quarter of FY25, aided by seasonal vegetable price drops and the arrival of the kharif harvest.

LIVE: The Economic Survey is a pre-budget document detailing the state of the economy over the last fiscal year.