New Delhi, Jan 31 (PTI) Following are the highlights of Economic Survey 2024-25: * Indian economy to grow at 6.3-6.8 pc in FY26, against 6.4 pc in FY25 * India's economic fundamentals robust, backed by calibrated fiscal consolidation, stable consumption * Navigating global headwinds will require strategic, prudent policy management and reinforcing the domestic fundamentals * Risks to inflation remain on account of significant global political, economic uncertainties * Investment activity expected to pick up, supported by higher public capex and improving business expectations * India needs to improve its global competitiveness through grassroots-level structural reforms * Forex at USD 640.3 billion, sufficient to cover 10.9 months of imports and 90 per cent of external debt * Ease of Doing Business (EoDB) 2.0 should be a state government-led initiative focused on fixing the root causes behind the unease of doing business * India should redouble its efforts to boost exports and attract investment. One way to do this is to benchmark ourselves to the rest of the world rather than our past.

* India needs a continued step-up of infrastructure investment over the next two decades for high growth * Only few states like Gujarat, Uttarakhand and Himachal Pradesh are able to cash on their high dependence on industrial sector to generate reasonable levels of incomes for their people * Service oriented Indian economy vulnerable to automation, impact of AI is magnified for India given its size and its relatively low per capita income * Corporate sector has to display a high degree of social responsibility * Reserach to increase pulses, oilseeds, tomato, onion production needed to develop climate-resilient crop varieties, enhancing yield and reducing crop damage.

* India needs to grow by 8 per cent on average for about a decade or two to become a developed nation by 2047 * Investments need to grow at 35 pc, up from 31 pc, to achieve required growth * Focus of reforms, economic policy must now be on systematic deregulation * Need to develop the manufacturing sector further and invest in emerging technologies such as AI, robotics, and biotechnology. PTI JD HVA

Economic growth target drives policy focus on fiscal consolidation, infrastructure investment and competitiveness reforms to boost exports. The Survey emphasises a policy agenda of calibrated fiscal consolidation, higher public capital expenditure to catalyse investment, and systematic deregulation alongside state-led Ease of Doing Business 2.0 to remove root causes of regulatory friction. It calls for boosting exports and attracting investment through global benchmarking, managing inflation risks from global uncertainty via prudent macroeconomic policy, and prioritising infrastructure, manufacturing deepening, and adoption of emerging technologies while addressing sectoral vulnerabilities in services and agriculture.