Amid ongoing geopolitical uncertainties, including tariff issues and global conflicts, a parliamentary committee has decided to examine the evolving economic conditions of the country for the year 2026-27.
Disruptions in oil supplies have put immense pressure on the Indian stock market, triggered sharp hikes in diesel and petrol prices, led to significant foreign investment outflows, and pushed up gold and silver prices, forcing the government to announce austerity measures.
According to the Lok Sabha bulletin, the Standing Committee on Finance has selected ‘Evolving Economic Conditions in the Country’ as an additional subject for detailed examination during 2025-26.
Committees usually select subjects soon after being constituted but retain the liberty to add new subjects, keeping in mind evolving circumstances.
The Indian economy is estimated to have grown at 7.7 per cent in 2025-26 (April-March), with a robust 7.8 per cent growth recorded in the January-March quarter.
However, the Reserve Bank of India (RBI) has projected a decline in growth to 6.6 per cent in the current fiscal year, mainly due to the ongoing conflict in West Asia pushing up the cost of fertilisers and fuel globally.
The committee is likely to seek inputs from the Finance Ministry, the Reserve Bank of India, economists, and other stakeholders before finalising its report with observations and recommendations.
The examination will cover key areas including economic growth, inflation, employment, investment trends, fiscal management, banking sector developments, trade, and the impact of global developments on India.
For the 2026-27 period, the Standing Committee on Finance, chaired by Bhartruhari Mahtab, has chosen subjects spanning multiple ministries, including Finance, Corporate Affairs, Planning (NITI Aayog), and Statistics.
Follow us
