Parliamentary Panel to Scrutinise India's Economic Outlook Amid Global Turmoil
Amid escalating geopolitical conflicts and trade uncertainties, the Standing Committee on Finance of the Indian Parliament has decided to examine the evolving economic conditions of the country as an additional subject for the year 2025-26.
According to a Lok Sabha bulletin, the committee, chaired by Member of Parliament Bhartruhari Mahtania, has selected 'Evolving Economic Conditions in the Country' for detailed study. Parliamentary panels typically choose their subjects soon after constitution, but they are at liberty to add subjects in response to changing circumstances.
The Indian economy is estimated to have grown at 7.7% in the fiscal year 2025-26 (April-March), with a robust 7.8% growth in the January-March quarter. This follows a 7.1% expansion in 2024-25. However, the Reserve Bank of India (RBI) has projected a slowdown to 6.6% in the current fiscal year, citing the ongoing conflict in West Asia, which has pushed up global prices of fertiliser and fuel—two key imports for India.
The committee is expected to seek input from the finance ministry, the RBI, economists, and other stakeholders before finalising its report with observations and recommendations. The examination will likely cover economic growth, inflation, employment, investment trends, fiscal management, banking sector developments, trade, and the impact of global developments on India.
This study assumes significance as India navigates challenges from geopolitical tensions, supply chain disruptions, trade uncertainties, and commodity price fluctuations while striving to sustain high economic growth. For the 2026-27 period, the committee has also chosen subjects spanning ministries of Finance, Corporate Affairs, Planning (NITI Aayog), and Statistics.
