New Delhi, Jan 29 (NationPress) A crucial takeaway from the Economic Survey 2025-26 is the emphasis on regulatory quality, state capacity, and ongoing deregulation as vital components for medium-term growth, as stated by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) on Thursday.

The Survey presents a well-rounded and pragmatic evaluation of India’s macroeconomic landscape, investment dynamics, labour market progress, and foreign sector performance amid global unpredictability, according to the apex industry body.

ASSOCHAM President Nirmal Kumar Minda remarked, "The Survey’s emphasis on transitioning from inspection-based regulation to trust-driven, outcome-focused governance resonates with our longstanding push for compliance simplification, minimising regulatory overlaps, and expediting approvals at both central and state levels."

The chamber highlighted that the Survey establishes a robust analytical framework for the upcoming Union Budget 2026-27 and expressed optimism that the Budget will further embed these reform priorities to bolster investment, enhance competitiveness, and drive job creation.

Moreover, recent trade agreements with the European Union, the UK, and the EFTA are anticipated to bolster India’s merchandise and services exports while facilitating greater investment inflows and deeper integration into global markets.

Key observations from the Economic Survey indicate that India’s real GDP growth in FY25 is projected to be approximately 7.4 percent, a reduction in the fiscal deficit to 4.8 percent of GDP from pandemic highs of 9.2 percent, alongside consistent job creation and a growing workforce.

The chamber noted that the Survey aptly connects the conversion of growth into quality employment with productivity improvements, business scaling, and diminished operational frictions, especially for MSMEs and manufacturing-oriented sectors.

ASSOCHAM Secretary General Saurabh Sanyal stated, "While macroeconomic stability and public investment have created a solid groundwork, unlocking India’s enhanced growth potential will necessitate sustained progress on procedural reforms and deregulation that lower business costs and improve enterprise ease."

The Survey underscores the pivotal role of public capital expenditure in maintaining growth momentum, alongside a resurgence in private investment, with gross fixed capital formation remaining robust at 30 percent of GDP, aided by infrastructure expansion and enhanced logistics.