Parliamentary Committee to Examine Economic Conditions
In response to rising geopolitical tensions and their impact on domestic growth, India's Standing Committee on Finance has launched a study on country's shifting economic scene. The committee has tagged "Evolving Economic Conditions in Country" as an extra focus for 2025-26 fiscal year,showing current economic climate's urgency.
India's economy is set to grow at 7.7% in 2025-26,with a notable 7.8% rise expected in January-March quarter. This follows a 7.1% growth rate last fiscal year. But the Reserve Bank of India (RBI) predicts a slowdown to 6.6% for current fiscal year,due to rising fertilizer and fuel costs from ongoing West Asia conflicts. As net importer of crude oil and fertilizers,India's exposed to these price swings.
The committee's study will cover key topics like inflation,employment trends,investment patterns,fiscal management,and banking sector changes. It will also weigh global events' effects on India's economy. Input from finance ministry,RBI,economists,and other stakeholders will shape committee's findings and recommendations.
This inquiry comes at critical time,as India tackles supply chain disruptions,trade uncertainties,and shifting commodity prices while aiming to sustain strong economic growth. For 2026-27,the committee,led by Bhartruhari Mahtani,has mapped out topics spanning ministries like Finance,Corporate Affairs,Planning (NITI Aayog),and Statistics.
