India's real GDP growth pegged at 7.4% in FY 2025-26

First advance estimates: Buoyant growth in services sector led economy registering Real GVA growth of 7.3% in FY 2025-26

GN Bureau | January 7, 2026


#GDP   #Economy  


India's Real GDP has been estimated to grow by 7.4% in FY 2025-26 against the growth rate of 6.5% during FY 2024-25. The estimates were released by the National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI), on Wednesday.

The First Advance Estimates of Gross Domestic Product (GDP) for the Financial Year (FY) 2025-26 along with its Expenditure components both at Constant (2011-12) and Current Prices were announced. Annual Estimates of Gross Value Added (GVA) at Basic Prices for various economic sectors along with Year-on-Year percent changes, Expenditure components of GDP, Annual estimates of Gross/Net National Income and Per Capita Income for the FYs 2023-24, 2024-25 and 2025-26 at Constant and Current Prices were also released.

Highlights:

*    Nominal GDP is estimated to grow at 8.0% in FY 2025-26.

*    Buoyant Growth in Services Sector has been found to be a major driver in the estimated Real GVA growth rate of 7.3% in FY 2025-26.

*    Financial, Real Estate & Professional Services and Public Administration, Defence & Other Services in the Tertiary Sector have been estimated to attain a substantial growth rate of 9.9% at Constant Prices in FY 2025-26.

*    Trade, Hotels, Transport, Communication & Services related to Broadcasting Sector has been estimated to grow by 7.5% at Constant Prices in FY 2025-26.

*    Manufacturing and Construction in the Secondary Sector has been estimated to achieve a growth rate of 7.0% at Constant Prices in FY 2025-26.

*    Agriculture & Allied Sector (3.1%) and Electricity, Gas, Water Supply & Other Utility Services Sector (2.1%) have seen moderate growth rate in GVA at Constant Prices during FY 2025-26.

*     Real Private Final Consumption Expenditure (PFCE) has been estimated to attain a growth rate of 7.0% during FY 2025-26.

*     Gross Fixed Capital Formation (GFCF) has been estimated to have 7.8% growth rate at Constant Prices during FY 2025-26, compared to 7.1% growth rate in previous FY.

Real GDP or GDP at Constant Prices is estimated to attain a level of ₹201.90 lakh crore in FY 2025-26, against the Provisional Estimates (PE) of GDP for the FY 2024-25 of ₹187.97 lakh crore, registering a growth rate of 7.4%. Nominal GDP or GDP at Current Prices is estimated to attain a level of ₹357.14 lakh crore in the FY 2025-26, against ₹330.68 lakh crore in FY 2024-25, showing a growth rate of 8.0%.

Real GVA is estimated at ₹184.50 lakh crore in the FY 2025-26, against the Provisional Estimates (PE) for the FY 2024-25 of ₹171.87 lakh crore, registering a growth rate of 7.3%. Nominal GVA is estimated to attain a level of ₹323.48 lakh crore during FY 2025-26, against ₹300.22 lakh crore in FY 2024-25, showing a growth rate of 7.7%.

Advance Estimates of GDP are indicator based and compiled using the benchmark-indicator method i.e. the estimates available for the previous financial year (2024-25) are extrapolated using the relevant indicators reflecting the performance of the sectors. Data sourced from various Ministries/Departments/Private Agencies serve as valuable inputs in the compilation of these estimates.

 

Comments

 

Other News

The Xi-Trump summit: The unending rivalry

Diplomacy is akin to an art, wherein the summitry, conflict resolution and negotiations form apt constituents of the entire context of deal making and “playing for keeps” in the international arena. The Xi-Trump summit in Washington last week, in which the American president broke all conside

“Indians, yet treated like outsiders”

Moving to Delhi-NCR for education can be an exciting experience for students from Northeast India. It gives us a chance to meet new people, experience a different culture and become more independent. But living away from home also comes with challenges that people who have not experienced them may not al

Import duty on major edible oils cut

The government has reduced the Basic Customs Duty (BCD) on major imported crude edible oils with a view to moderating domestic edible oil prices, providing relief to consumers and mitigating inflationary pressures arising from the sharp increase in international edible oil prices.  

From pyramid to platform: BRICS agenda for Global South

In his opening address at the 18th BRICS Summit in New Delhi on September 12, prime minister Narendra Modi did something India`s diplomacy has been building towards for three years: he moved the ‘Voice of the Global South’ from a slogan to a work plan. Addressing the leaders, he argued that t

How to realise the full transformative potential of PM-JAY

The Pradhan Mantri Jan Arogya Yojana (PM-JAY), a welfare scheme which covers approximately 45 crore beneficiaries across India, provides cashless health cover of Rs. 5 lakh per family per year. It is the largest health insurance scheme which helped crores of poor families by reducing out-of-pocket expend

The missing men in India`s family planning story

Every pregnancy requires two people. Yet India`s family planning programme continues to ask only one of them to bear almost all of its medical consequences. The newly released National Family Health Survey-6 (2023-24) confirms just how entrenched this asymmetry remains: 36.5% of currently married women a

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter