The chemicals and petrochemicals sector continues to be a key driver of India’s industrial growth, contributing 8.1 per cent to the country’s overall manufacturing Gross Value Added (GVA) in FY 2024, according to the Economic Survey 2025–26 released by the Ministry of Finance. The sector’s strong backward linkages with petroleum…
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Economic Survey Backs Scrapping MGNREGS, Cites Rural Revival
The Economic Survey 2025–26, tabled in Parliament on Thursday, has strongly defended the Union government’s decision to scrap the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), arguing that the programme has outlived its utility amid a significantly improved rural economy and persistent structural weaknesses. The Survey positions the repeal…