The Survey projects real GDP growth in the 6.8-7.2 per cent range for FY27, slightly above Crisil’s estimate of 6.7 per cent. We assess the Survey on the current triad of relevance: Fiscal consolidation, reforms and private investment push. Last year’s Survey, too, made a case for continuing reforms, stressing that domestic levers will be crucial for India’s growth. Third, private investment: After prioritising infrastructure spending through direct budgetary support, central government capital expenditure is now normalising, making a rise in private capex essential for a sustainable investment boost. It should simultaneously create an environment that encourages private investment and public-private partnership in infrastructure.