India’s real GDP estimated to grow 7.6% in FY26 under new base FY23

India’s real gross domestic product (GDP), or GDP at constant prices, is estimated to grow at 7.6 per cent to ₹322.58 trillion (~$3.54 billion) in fiscal 2025-26 (FY26) compared to the first revised GDP estimate of ₹299.89 trillion for FY25 (7.1 per cent growth), according to the Ministry of Statistics and Programme Implementation (MoSPI), which today released the new series of annual and quarterly national accounts estimates with base fiscal 2022-23.

Nominal GDP, or GDP at current prices, is estimated to grow at 8.6 per cent to reach ₹345.47 trillion in FY26 against ₹318.07 trillion in 2024-25.

India’s real GDP is estimated to grow at 7.6 per cent to ₹322.58 trillion (~$3.54 billion) in FY26 compared to the first revised GDP estimate of ₹299.89 trillion for FY25 (7.1 per cent growth).
It released the new series of annual and quarterly national accounts estimates with FY23 base.
Real GVA is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25.

Real gross value added (GVA) is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25 (a 7.3-per cent growth rate).

Nominal GVA is estimated to grow at 8.7 per cent to hit ₹313.61 trillion during FY26, against ₹288.54 lakh crore in 2024-25.

Robust economic performance in FY26 is primarily on account of robust real growth observed in the second quarter (8.4 per cent) and third quarter (7.8 per cent).

The manufacturing sector has been the major driver of resilient performance of the economy the consecutive three fiscals after rebasing, a release from the ministry said.

Both private final consumption expenditure and grossed fixed capital formation exhibited more than 7-per cent growth rate in FY26.

Fibre2Fashion News Desk (DS)