Latest News: Indian share markets will be open for trading on Sunday, February 01, as the Union Budget is being presented on that day * Key Highlights of Economic Survey 2025–26: GDP & GVA Growth Estimates for FY 2026: First advance estimates at 7.4% and 7.3% respectively * India’s Core Growth Projection: Around 7%, with real GDP growth for FY 2027 expected between 6.8% and 7.2% * Central Government Revenue: Rose to 11.6% of GDP in FY 2025 * Non-Performing Assets: Declined to a multi-decade low of 2.2% * PMJDY Accounts: Over 552 million bank accounts opened by March 2025; 366 million in rural and semi-urban areas * Investor Base: Surpassed 120 million by September 2025, with women comprising ~25% * Global Trade Share: India’s export share doubled from 1% in 2005 to 1.8% in 2024 * Services Export: Reached an all-time high of $387.6 billion in FY 2025, up 13.6% * Global Deposits: India became the largest recipient in FY 2025 with $135.4 billion * Foreign Exchange Reserves: Hit $701.4 billion on January 16, 2026—covering 11 months of imports and 94% of external debt * Inflation: Averaged 1.7% from April to December 2025 * Foodgrain Production: Reached 357.73 million metric tons in 2024–25, up 25.43 MMT from the previous year * PM-Kisan Scheme: Over ₹4.09 lakh crore disbursed to eligible farmers since inception * Rural Employment Alignment: “Viksit Bharat – Jee Ram Ji” initiative launched to replace MGNREGA in the vision for a developed India by 2047 * Manufacturing Growth: 7.72% in Q1 and 9.13% in Q2 of FY 2026 * PLI Scheme Impact: ₹2 lakh crore in actual investment across 14 sectors; production and sales exceeded ₹18.7 lakh crore; over 1.26 million jobs created by September 2025 * Semiconductor Mission: Domestic capacity boosted with ₹1.6 lakh crore invested across 10 projects * Railway High-Speed Corridor: Expanded from 550 km in FY 2014 to 5,364 km; 3,500 km added in FY 2026 * Civil Aviation: India became the third-largest domestic air travel market; airports increased from 74 in 2014 to 164 in 2025 * DISCOMs Turnaround: Recorded first-ever positive PAT of ₹20,701 crore in FY 2025 * Renewable Energy: India ranked third globally in total renewable and installed solar capacity * Satellite Docking: India became the fourth country to achieve autonomous satellite docking capability * School Enrollment Ratios: Primary – 90.9%, Upper Primary – 90.3%, Secondary – 78.7% * Higher Education Expansion: India now has 23 IITs, 21 IIMs, and 20 AIIMS; international IIT campuses established in Zanzibar and Abu Dhabi * Maternal & Infant Mortality: Declined since 1990, now below global average * E-Shram Portal: Over 310 million unorganised workers registered by January 2026; 54% are women * National Career Service Portal: Job vacancies exceeded 28 million in FY 2025 and crossed 23 million by September 2026

No sign of a decrease in global CO2 emissions


Global carbon emissions in 2022 remain at record levels – with no sign of the decrease that is urgently needed to limit warming to 1.5°C, according to the Global Carbon Project science team.

If current emissions levels persist, there is now a 50% chance that global warming of 1.5°C will be exceeded in nine years.

The new report projects total global CO2 emissions of 40.6 billion tonnes in 2022. This is fuelled by fossil CO2 emissions which are projected to rise 1.0% compared to 2021, reaching 36.6 Gt CO2 – slightly above the 2019 pre-COVID-19 levels. Emissions from land-use change are projected to be 3.9 Gt CO2 in 2022.

Projected emissions from coal and oil are above their 2021 levels, with oil being the largest contributor to total emissions growth. The growth in oil emissions can be largely explained by the delayed rebound of international aviation following COVID-19 pandemic restrictions.

The 2022 picture among major emitters is mixed: emissions are projected to fall in China (0.9%) and the EU (0.8%), and increase in the USA (1.5%) and India (6%), with a 1.7% rise in the rest of the world combined.

The remaining carbon budget for a 50% likelihood to limit global warming to 1.5°C has been reduced to 380 Gt CO2 and 1230 Gt CO2 to limit to 2°C.

Reaching zero CO2 emissions by 2050 would now require a decrease of about 1.4 Gt CO2 each year, comparable to the observed fall in 2020 emissions resulting from COVID-19 lockdowns, highlighting the scale of the action required.

Land and the ocean, which absorb and store carbon, continue to take up around half of the CO2 emissions. The ocean and land CO2 sinks are still increasing in response to the atmospheric CO2 increase, although climate change reduced this growth by an estimated 4%  and 17% over the 2012-2021 decade.

This year's carbon budget shows that the long-term rate of increasing fossil emissions has slowed. The average rise peaked at +3% per year during the 2000s, while growth in the last decade has been about +0.5% per year.

The research team – including the University of Exeter, the University of East Anglia, CICERO, and Ludwig-Maximilian-University Munich – welcomed this slow-down, but said it was "far from the emissions decrease we need".

The findings come as world leaders meet at COP27 in Egypt to discuss the climate crisis.

"This year we see yet another rise in global fossil CO2 emissions when we need a rapid decline," said Professor Pierre Friedlingstein, of Exeter's Global Systems Institute, who led the study.

"There are some positive signs, but leaders meeting at COP27 will have to take meaningful action if we are to have any chance of limiting global warming close to 1.5°C. The Global Carbon Budget numbers monitor the progress on climate action and right now we are not seeing the action required.”

Professor Corinne Le Quéré, Royal Society Research Professor at UEA’s School of Environmental Sciences, said: "Our findings reveal turbulence in emissions patterns this year resulting from the pandemic and global energy crises.

"If governments respond by turbocharging clean energy investments and planting, not cutting, trees, global emissions could rapidly start to fall.

"We are at a turning point and must not allow world events to distract us from the urgent and sustained need to cut our emissions to stabilize the global climate and reduce cascading risks."

Land-use changes, especially deforestation, are a significant source of CO2 emissions. Indonesia, Brazil, and the Democratic Republic of the Congo contribute 58% of global land-use change emissions.

Carbon removal via reforestation or new forests counterbalances half of the deforestation emissions, and the researchers say that stopping deforestation and increasing efforts to restore and expand forests constitutes a large opportunity to reduce emissions and increase removals in forests.

The Global Carbon Budget report projects that atmospheric CO2 concentrations will reach an average of 417.2 parts per million in 2022, more than 50% above pre-industrial levels.

The projection of 40.6 Gt CO2 total emissions in 2022 is close to the 40.9 Gt CO2 in 2019, which is the highest annual total ever.

The Global Carbon Budget report, produced by an international team of more than 100 scientists, examines both carbon sources and sinks. It provides an annual, peer-reviewed update, building on established methodologies in a fully transparent manner.