The Survey notes that the global economic environment has become increasingly uncertain, with trade policy now shaped more by strategic and political considerations than by multilateral rules. New Delhi: Even as global trade faces renewed disruption from unilateral tariff actions and rising geopolitical tensions, India's economy has demonstrated resilience, with strong domestic fundamentals helping offset external headwinds, the Economic Survey 2025-26 has said. The Survey notes that the global economic environment has become increasingly uncertain, with trade policy now shaped more by strategic and political considerations than by multilateral rules. While global trade growth is projected to slow sharply in 2026, "trade policy uncertainty is likely to have a more pronounced impact on the trade volumes of EMDEs than on those of advanced economies." "The outlook, therefore, is one of steady growth amid global uncertainty, requiring caution, but not pessimism," says the survey.