India's real GDP to grow 7.4% in FY26: First advance govt estimates

Nominal GDP is projected to grow at 8 per cent in FY26.

Buoyant growth in the services sector has been found to be a major driver in the estimated real gross value added (GVA) growth rate of 7.3 per cent in FY26. The nominal GVA growth rate is projected at 7.7 per cent for FY26.

Manufacturing and construction in the secondary sector will achieve an estimated growth rate of 7 per cent at constant prices in FY26.

Real private final consumption expenditure (PFCE) has been estimated to attain a growth rate of 7 per cent during FY26.

Gross fixed capital formation (GFCF) is projected to grow at 7.8 per cent at constant prices during FY26 compared to 7.1-per cent growth rate in the previous fiscal, a release from the ministry said.

ALCHEMPro News Desk (DS)