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India's automobile exports are surging, reflecting a growing global acceptance of locally manufactured vehicles, according to the Economic Survey 2025-26. The industry exported over 5.3 million vehicles across various segments in FY25, achieving double-digit growth in the first half of 2025-26. This growth is attributed to a robust post-pandemic demand recovery, with production increasing nearly 33% over the past decade. The sector, which employs over 30 million people and contributes around 15% to the country's GST collections, is pivotal to India's economy, positioning the nation as the largest market for two- and three-wheelers and the third-largest for passenger and commercial vehicles. Government initiatives, including the Production-Linked Incentive (PLI) schemes and the Scheme to Promote Manufacturing of Electric Passenger Cars, have further bolstered the electric vehicle market. Finance Minister Nirmala Sitharaman presented the survey in the Lok Sabha, highlighting the sector's significant economic impact. 
Published: Jan 29 2026, 1 pmeznews.inThe Economic Survey 2026 has reaffirmed the importance of Quality Control Orders (QCOs) in managing reputational risks associated with product quality, while advocating for a strategic overhaul to prevent undue burdens on micro, small, and medium enterprises (MSMEs). The proposed framework emphasizes pre-notification assessments, tailored transition periods, and enhanced national testing capabilities, alongside exemptions for specialized inputs when domestic production is insufficient. The survey cautioned that stringent transition timelines could disrupt production and inflate costs for MSMEs. It also referenced a recent Niti Aayog panel's recommendations to scrap or suspend several QCOs affecting key industrial inputs, highlighting the government's commitment to a balanced regulatory approach. The survey noted the success of QCOs in the toy sector, which has seen improved compliance and reduced substandard products, while underscoring the necessity of mandatory standards for consumer safety across various sectors. Enhanced surveillance and digitized certification processes are also recommended to support this regulatory framework.
Published: Jan 29 2026, 2 pmeznews.inIndia has enacted the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India Act (SHANTI), which updates the country's nuclear legal framework, including the Atomic Energy Act of 1962 and the Civil Liability for Nuclear Damage Act of 2010. This landmark legislation allows private sector and state government participation in nuclear activities, such as plant operations and power generation, which were previously restricted. The SHANTI Act introduces a graded liability framework under the CLNDA while ensuring victim compensation remains intact. Currently, India has a nuclear capacity of 8,780 megawatts, with projections indicating a rise to 100 gigawatts by 2047. The government has allocated ₹20,000 crore in the FY26 budget to develop at least five indigenously designed small modular reactors by 2033, positioning nuclear energy as a reliable and clean alternative to other renewable sources, particularly for heavy industries and hydrogen production.
Published: Jan 29 2026, 2 pmeznews.inThe Economic Survey 2025-26 reveals a notable transformation in the composition of household financial savings in India over the past decade, with a marked decline in the share of deposits from over 58% in FY12 to approximately 35% in FY25. This shift indicates a diversification of portfolios, as households increasingly allocate resources to equities rather than completely abandoning traditional savings instruments. The share of equity and mutual funds in annual household savings surged from 2% in FY12 to over 15.2% in FY25, driven by a significant rise in systematic investment plans (SIPs). Individual equity holdings expanded dramatically, reaching around ₹84 lakh crore by September 2025. Despite this growth, participation in debt instruments remains limited, reflecting the underdeveloped state of India's corporate bond market, which constitutes only 16-17% of GDP compared to over 130% for equities. The Survey underscores the importance of domestic savings in stabilizing equity markets amid fluctuating external capital flows.
Published: Jan 29 2026, 2 pmeznews.inThe Economic Survey for 2025-26, presented in Parliament, forecasts that India's new labour codes could boost GDP by 1.25% by 2029-30, enhancing worker welfare and business agility. The reforms aim to address income volatility and benefit gaps, while also increasing the Female Labour Force Participation Rate (LFPR) and formal employment. The four codes—on wages, industrial relations, social security, and occupational safety—were pre-published for stakeholder feedback in December 2025. Notably, the codes recognize unorganised sector workers, with over 31 crore registered on the e-Shram portal, 54% of whom are women. The reforms promote gender equality through equal pay, maternity benefits, and safety measures for night shifts. A study by SBI suggests that these changes could formalise the economy from 60.4% to 75.5%, with medium-term employment gains of 1.0-2.2% in the organised sector, while also potentially reducing unemployment by 0.3-1.3%.
Published: Jan 29 2026, 2 pmeznews.inThe Economic Survey 2026 emphasizes the need for strategic policies to bolster India's manufacturing sector, focusing on competitiveness, innovation, and productivity. It advocates for correcting inverted duties, enhancing logistics infrastructure, and reducing regulatory costs to improve export competitiveness, crucial for maintaining currency stability amid global fragmentation. The survey highlights that countries with successful manufacturing exports typically enjoy hard currency status, underscoring the importance of a unified effort to lower manufacturing costs. Additionally, it calls for a balanced approach to import substitution, grounded in productivity and measurable outcomes. With India's external sector showing resilience, the report stresses the significance of foreign direct investment (FDI) as a stable financing source, essential for sustaining economic growth. Despite challenges such as US tariffs, merchandise exports rose by 2.4% in the first nine months of FY26, while the current account deficit remains manageable at 0.8% of GDP.
Published: Jan 29 2026, 1 pmeznews.inIn a stark warning, Chief Economic Advisor V. Anantha Nageswaran's latest Economic Survey highlights a precarious global economic landscape as we approach 2026, driven by geopolitical tensions and financial vulnerabilities. The report outlines three potential scenarios: the most probable, termed "Managed Disorder," suggests a fragile continuation of current conditions, where minor shocks could escalate, necessitating active government intervention. A second scenario, "Disorderly Multipolar Breakdown," foresees intensified strategic rivalries and weakened global coordination, leading to coercive trade policies and heightened financial stress. The third, more extreme scenario, "Systemic Shock Cascade," posits a convergence of financial, technological, and geopolitical crises, potentially resulting in a liquidity contraction reminiscent of the 2008 financial crisis. Nageswaran emphasizes that while catastrophic outcomes are less likely, the global economy is increasingly characterized by instability, with financial markets already reflecting this growing fragility.
Published: Jan 29 2026, 1 pmeznews.inFarmers in Tonk district, Rajasthan, have received moisture index-based parametric insurance claims from Go Digit General Insurance Ltd, following excess moisture that breached pre-defined thresholds. The claims, affecting over 30 villages, aim to support nearly 500 farmers by mitigating the risks of crop rot and income loss during the rabi season. Digit Insurance, in collaboration with Howden Insurance India, has implemented a Water Balance Index (WBI) solution to address climate-related risks for over 6,000 farmers across Rajasthan and Uttar Pradesh. The WBI measures the difference between rainfall and potential evapotranspiration, triggering payouts based on objective climate data. Adarsh Agarwal from Digit Insurance emphasized the importance of data-led solutions to protect vulnerable farming households, while Mohammad Faizan Huq from Howden India highlighted the potential of parametric insurance to transform agricultural risk management in India amidst increasing climate volatility.
Published: Jan 29 2026, 1 pmeznews.inThe Economic Survey has highlighted the pivotal role of agricultural growth in India's ambition to become a developed nation by 2047, urging the government to intensify reforms and promote climate-resilient technologies. While acknowledging government efforts to boost agricultural production in sectors like dairy, poultry, and horticulture, the report criticized the lack of innovative solutions to persistent challenges, particularly those related to climate change and water scarcity. It emphasized the need for region-specific interventions and the adoption of sustainable practices, such as drip irrigation and crop diversification, to enhance resilience and productivity. The Survey also called for increased private sector involvement in food processing and logistics to bolster competitiveness in domestic and export markets. Key priorities include improving irrigation systems, enhancing agricultural research, and reforming the fertilizer sector to ensure sustainability and productivity, ultimately supporting inclusive economic development and job creation in rural areas.
Published: Jan 29 2026, 1 pmeznews.inIndia's Economic Survey, presented by Finance Minister Nirmala Sitharaman, forecasts a real GDP growth of 6.8% to 7.2% for FY27, emphasizing steady growth amid global uncertainties. The survey, led by Chief Economic Advisor V Ananatha Subramanian, acknowledges FY26 as a challenging year due to global trade tensions and high tariffs impacting manufacturers and exporters. However, it highlights the government's proactive measures, including GST rationalization and deregulation, to bolster the economy. While the global economic outlook remains dim, with risks from potential AI productivity shortfalls and ongoing trade conflicts, India's domestic economy shows resilience, with moderated inflation and improving investment intentions. The report underscores the importance of maintaining policy credibility and adequate buffers against external shocks, suggesting that India's medium-term growth potential has been enhanced to nearly 7%, driven by robust domestic demand and macroeconomic stability.
Published: Jan 29 2026, 12 pm
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