India’s economy is projected to grow at 7.4 per cent in FY26, accelerating from 6.5 per cent in the previous year, supported by robust performance in the manufacturing and services sectors, according to data released by the Government of India.
The outlook, based on the First Advance Estimates of national income released on Wednesday, indicates that India will continue to retain its position as the world’s fastest-growing major economy. The country’s Gross Domestic Product (GDP) had expanded by 9.2 per cent in FY24.
The estimates also show that Gross Value Added (GVA) is expected to rise by 7.3 per cent in FY26, compared with 6.4 per cent in the previous financial year, reflecting broad-based growth momentum across key sectors of the economy.