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Economic Survey 2025–26: ‘Swadeshi’ seen as essential policy tool amid changing global trade, says CEA

Economic Survey 2025–26: ‘Swadeshi’ seen as essential policy tool amid changing global trade, says CEA

The Economic Survey 2025–26, presented in Parliament ahead of the Union Budget, highlighted that the global trade environment has shifted significantly, with traditional open markets giving way to strategic trade controls and export restrictions.

In this context, the survey argued that a Swadeshiapproach — focused on self-reliance and domestic capacity — is now a legitimate and necessary policy instrument to strengthen economic sovereignty and ensure continuity of production in the face of external shocks.

While the document stresses that Swadeshi should not become blanket protectionism, it recommends intelligent, time-bound support for strategic sectors where domestic production is feasible but hindered by coordination failures or regulatory barriers.

The approach aims to balance global integration with resilient domestic capability building.

In addition to the Swadeshi focus, the Economic Survey outlined India’s macroeconomic stability, projected robust GDP growth, and underscored the need for effective governance to sustain long-term economic development. 

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