India projects 7.6% GDP growth for FY26, nominal growth at 8.6%
- IBEF
- March 2, 2026
India’s economy is projected to grow at a robust 7.6% real GDP in FY26, according to the Ministry of Statistics and Programme Implementation (MoSPI), reaffirming strong macroeconomic momentum amid global uncertainties. Nominal GDP, which factors in price changes including inflation, is estimated to expand by 8.6% during the year, reflecting balanced growth in both output and prices. The pace of expansion has been driven by sustained quarterly performance with 8.4% real growth in Q2 and 7.8% in Q3 (Oct–Dec), demonstrating resilience across major sectors. Over recent years, real growth has been steady, with 7.2% in 2023–24 and 7.1% in 2024–25, while nominal growth rates stood at 11.0% and 9.7% in the same periods, respectively. Manufacturing has been a key engine of expansion, achieving double-digit growth, alongside strong support from the secondary and tertiary sectors.
MoSPI’s revised estimates are part of a new GDP series based on the 2022–23 base year, replacing the older 2011–12 base, aligning with international best practices to better capture structural shifts in the economy. This methodological update is intended to improve measurement accuracy across sectors and offer more timely insights into India’s performance. The projections reaffirm India’s position as one of the fastest-growing major economies globally and highlight broad-based growth driven by industry, services, and sustained domestic demand.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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