Key facts
- Parliament panel to review India's economy amid global trade and growth concerns
- Focus areas include GDP trajectory, exports, fiscal health and global headwinds
- Panel can call Finance Ministry and RBI officials to depose
- Review may feed into upcoming Union Budget deliberations
A Parliament standing committee is preparing to conduct a comprehensive review of India's economic health amid mounting global turbulence, The Economic Times reported on Wednesday. The panel's examination comes at a time when India's growth outlook faces headwinds from multiple directions — slowing global trade, elevated US tariffs affecting Asian supply chains, tight global financial conditions and softer demand from key export partners in Europe and the United States.
The review is expected to look at India's GDP growth trajectory, fiscal consolidation, inflation management and the health of key sectors including manufacturing and exports. Parliamentary committees of this nature typically call senior officials from the Finance Ministry, the Reserve Bank of India and sector ministries to depose, and their reports can carry significant weight in shaping budget and policy priorities.
The timing is notable. India has been navigating a complex macroeconomic environment, balancing the need to sustain domestic investment-led growth while managing currency pressures and a current account that is sensitive to global commodity prices. Recent months have seen renewed concerns about capital outflows, rupee volatility and whether India's headline growth figures are translating into broad-based job creation.
The committee's findings, once published, will feed into parliamentary debate on economic policy and could influence the government's approach to the forthcoming Union Budget cycle. Lawmakers are expected to pay particular attention to whether India's fiscal buffers are adequate and whether structural reforms are moving fast enough to take advantage of the global supply-chain shift away from China.